Related Books

Liquidity Choice and Misallocation of Credit
Language: en
Pages: 62
Authors: Mr.Ehsan Ebrahimy
Categories: Business & Economics
Type: BOOK - Published: 2019-12-20 - Publisher: International Monetary Fund

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This paper studies a novel type of misallocation of credit between investments of varying liquidity. One type of investment is more liquid, i.e., its return is
Credit Misallocation and Economic Growth in Vietnam
Language: en
Pages: 22
Authors: Mitsuru Katagiri
Categories: Business & Economics
Type: BOOK - Published: 2019-09-06 - Publisher: International Monetary Fund

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The legacy of non-performing loans and high opportunity cost of government financing of bank recapitalization impeded the efficiency of financial intermediation
Credit Supply and Productivity Growth
Language: en
Pages: 75
Authors: Francesco Manaresi
Categories: Business & Economics
Type: BOOK - Published: 2019-05-17 - Publisher: International Monetary Fund

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We study the impact of bank credit on firm productivity. We exploit a matched firm-bank database covering all the credit relationships of Italian corporations,
The Riskiness of Credit Allocation and Financial Stability
Language: en
Pages: 39
Authors: Mr.Luis Brandao-Marques
Categories: Business & Economics
Type: BOOK - Published: 2019-09-27 - Publisher: International Monetary Fund

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We explore empirically how the time-varying allocation of credit across firms with heterogeneous credit quality matters for financial stability outcomes. Using
formal versus informal finance: evidence from china
Language: en
Pages: 77
Authors: Vojislav Maksimovic
Categories: Access to Finance
Type: BOOK - Published: 2008 - Publisher: World Bank Publications

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Abstract: China is often mentioned as a counterexample to the findings in the finance and growth literature since, despite the weaknesses in its banking system,