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The German far right and the scars of reunificationOliver HoltemöllerFinancial Times, September 6, 2024
Using unique firm-level data across 48 developing countries and 36 manufacturing industries, we gauge the importance of international banks’ presence for promoting entrepreneurship, as measured by business formation.
This paper studies the long-run effects of credit market disruptions on real firm outcomes and how these effects depend on nominal wage rigidities at the firm level.
We analyze optimal capital regulation of imperfectly competitive banks that are confronted with competition from non-regulated banks. We characterize banks as having access to deposit insurance and underly banking regulation in exchange.
Existing empirical studies on the effect of monetary policy on bank lending almost exclusively focus on a closed economy setting and ignore the interactions between domestic monetary policy and international financial markets.
We identify the effects of exogenous credit constraints on firm ability to attract and retain skilled workers. To do so, we exploit a shock to the value of the pension obligations of Portuguese banks resulting from a change in accounting norms.
