Article ID Journal Published Year Pages File Type
5089248 Journal of Banking & Finance 2013 15 Pages PDF
Abstract
► We analyze how banking crises affect growth in an international sample of firms. ► We separate the finance effect from the asset allocation effect. ► Crises reduce firms' intangible investments, which intensifies the economic downturn. ► The negative growth effect is stronger in developed countries.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
The real effect of banking crises: Finance or asset allocation effects? Some international evidence
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