The Riskiness of Credit Allocation and Financial Stability /
We explore empirically how the time-varying allocation of credit across firms with heterogeneous credit quality matters for financial stability outcomes. Using firm-level data for 55 countries over 1991-2016, we show that the riskiness of credit allocation, captured by Greenwood and Hanson (2013)�...
| Autore principale: | |
|---|---|
| Altri autori: | , , |
| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2019.
|
| Serie: | IMF Working Papers; Working Paper ;
No. 2019/207 |
| Accesso online: | Full text available on IMF Full text available on IMF Full text available on IMF |