The cleansing effect of banking crises.
We assess the cleansing effects of the 2008–2009 financial crisis. U.S. regions with higher levels of supervisory forbearance on distressed banks see less restructuring in the real sector: fewer establishments, firms, and jobs are lost when more distressed banks remain in business. In these regions,...
| Publicado en: | Economic Inquiry Vol. 60; no. 3; pp. 1186 - 1214 |
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| Autores principales: | , , , |
| Formato: | Artículo |
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Wiley-Blackwell
Jul2022
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=156996266&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 156996266 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: Y pubinfo: dt: Jul2022 vid: 60 iid: 3 pid: 480 pub: Wiley-Blackwell artinfo: ui: 156996266 10.1111/ecin.13069 ppf: 1186 ppct: 28 formats: fmt: – @attributes: type: T – @attributes: type: C – @attributes: type: P size: 1.6MB tig: atl: The cleansing effect of banking crises. aug: au: Gropp, Reint Ongena, Steven Rocholl, Jörg Saadi, Vahid affil: Halle Institute for Economic Research (IWH), University of Magdeburg and CEPR, Halle, Germany University of Zurich, Swiss Finance Institute, KU Leuven and CEPR, Zurich, Switzerland ESMT Berlin, CEPR, and ECGI, Berlin, Germany IE Business School, IE University, Madrid, Spain su: Crises Banking industry Financial crises Job creation Pay for performance sug: subj: Crises Banking industry Financial crises Commercial Banking Personal and commercial banking industry Savings Institutions Other Depository Credit Intermediation Job creation Pay for performance keyword: banking crises cleansing effect productivity growth supervisory forbearance banking crises cleansing effect productivity growth supervisory forbearance ab: We assess the cleansing effects of the 2008–2009 financial crisis. U.S. regions with higher levels of supervisory forbearance on distressed banks see less restructuring in the real sector: fewer establishments, firms, and jobs are lost when more distressed banks remain in business. In these regions, the banking sector has been less healthy for several years after the crisis. Regions with less forbearance experience higher productivity growth after the crisis with more firm entries, job creation, and employment, wages, patents, and output growth. Forbearance is greater for state‐chartered banks and in regions with weaker banking competition and more independent banks. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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