کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
966827 | 1479324 | 2015 | 17 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Bank ownership, lending, and local economic performance during the 2008-2009 financial crisis
ترجمه فارسی عنوان
مالکیت بانک، وام دهی و عملکرد اقتصادی محلی در طی بحران مالی 2008-2009
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کلمات کلیدی
اعتبار، بحران مالی، بانک های دولتی، فعالیت اقتصادی محلی،
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
Although government banks are frequently associated with political capture and resource misallocation, they may be well-positioned during times of crisis to provide counter-cyclical support. Following the collapse of Lehman Brothers in September 2008, Brazil׳s government banks substantially increased lending. Localities in Brazil with a high share of government banks received more loans and experienced better employment outcomes relative to localities with a low share of government banks. While increased government bank lending mitigated an economic downturn, we find that this lending was politically targeted, inefficiently allocated, and reduced productivity growth.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Monetary Economics - Volume 71, April 2015, Pages 50-66
Journal: Journal of Monetary Economics - Volume 71, April 2015, Pages 50-66
نویسندگان
Nicholas Coleman, Leo Feler,