Bank Lending in the Knowledge Economy /
We study bank portfolio allocations during the transition of the real sector to a knowledge economy in which firms use less tangible capital and invest more in intangible assets. We show that, as firms shift toward intangible assets that have lower collateral values, banks reallocate their portfolio...
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| Altri autori: | , , |
| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2017.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2017/234 |
| Accesso online: | Full text available on IMF |