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Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms

Cull, Robert; Li, Wei; Sun, Bo; Xu, Lixin Colin - Federal Reserve Board (Board of Governors of the … - 2015

Chinese firms' financing conditions, and provide further evidence on the nature of the misallocation of credit by China …

Persistent link: https://www.econbiz.de/10011269077

How Public Information Affects Asymmetrically Informed Lenders: Evidence from a Credit Registry Reform

Choudhary, M. Ali; jain, Anil K. - Federal Reserve Board (Board of Governors of the … - 2014

evaluate the importance of adverse selection in the credit market. A 2006 reform introduced by the State Bank of Pakistan (SBP … published credit information not only about the firm in question but also (aggregate) credit information about the firm's group …

Persistent link: https://www.econbiz.de/10011119890

Institutions and return predictability in oil-exporting countries

Aramonte, Sirio; Jahan-Parvar, Mohammad; Shugarman, Justin - Federal Reserve Board (Board of Governors of the … - 2015

We study whether stock market returns in oil-exporting countries can be predicted by oil price changes, and we investigate the link between predictability and the quality of each country's institutions. Returns are predictable for half the countries we consider, and predictability is stronger...

Persistent link: https://www.econbiz.de/10011255347

Risk Choices and Compensation Design

Carey, Mark S.; Sun, Bo - Federal Reserve Board (Board of Governors of the … - 2015

We analyze the impact of bad-tail risks on managerial pay functions, especially the decision to pay managers in stock or in options. In contrast to conventional wisdom, we find that options are often a superior vehicle for limiting managerial incentives to take bad-tail risks while providing...

Persistent link: https://www.econbiz.de/10011268460

Do Small Businesses Still Prefer Community Banks?

Berger, Allen N.; Goulding, William; Rice, Tara - Federal Reserve Board (Board of Governors of the … - 2013

We formulate and test hypotheses about the role of bank type – small versus large, single-market versus multimarket, and local versus nonlocal banks – in banking relationships. The conventional paradigm suggests that "community banks" – small, single market, local institutions – are...

Persistent link: https://www.econbiz.de/10010728891

The ins and outs of mortgage debt during the housing boom and bust

Bhutta, Neil - Federal Reserve Board (Board of Governors of the … - 2014

-time homebuying. First-time homebuying fell among both high and low credit score individuals, but much more precipitously for low … score individuals. Further analysis suggests that the differential decline by credit score likely reflects markedly … tightened credit supply. …

Persistent link: https://www.econbiz.de/10011075126

Recent innovations in credit markets: a speech to the 2007 Credit Markets Symposium at the Charlotte Branch of the Federal Reserve Bank of Richmond, Charlotte, North Carolina, Marc...

Kroszner, Randall S. - Federal Reserve Board (Board of Governors of the … - 2007

Persistent link: https://www.econbiz.de/10005512712

Conference on credit risk and credit derivatives, Federal Reserve Board, Washington, D.C., March 22-23, 2007

Federal Reserve Board (Board of Governors of the … - 2007

Persistent link: https://www.econbiz.de/10005545166

The role of credit in post-stabilization consumption booms

Copelman, Martina - Federal Reserve Board (Board of Governors of the … - 1996

This paper presents an empirical investigation of the role of credit in the post-stabilization consumption booms of … Mexico, Chile, and Israel. Credit from the banking sector to the private sector expanded very rapidly following the … stabilizations. I show that this increase in credit reduced the proportion of consumers that were liquidity constrained in the …

Persistent link: https://www.econbiz.de/10005498855

Did U.S. bank supervisors get tougher during the credit crunch? Did they get easier during the banking boom? Did it matter to bank lending?

Berger, Allen N.; Kyle, Margaret K.; Scalise, Joseph M. - Federal Reserve Board (Board of Governors of the … - 2000

provide modest support for all three hypotheses that there was an increase in toughness during the credit crunch period (1989 …

Persistent link: https://www.econbiz.de/10005393710