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)�...

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Bibliographic Details
Main Author: Brandao Marques, Luis
Other Authors: Chen, Qianying, Raddatz, Claudio, Vandenbussche, Jerome
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2019.
Series:IMF Working Papers; Working Paper ; No. 2019/207
Online Access:Full text available on IMF
Full text available on IMF
Full text available on IMF