Finance and the Business Cycle: International, Inter-industry Evidence

By Matias Braun, Borja Larrain. 2005

503 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/00a99dac421b39f04fa5b2a821304aaf86c6f09d

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Citations in the corpus

Financial Innovation: The Bright and the Dark Sides (2016, unknown): “Fourth, our paper is al o related to the literature on financial crisis, particularly the recent one (e.g. Love et al., 2007; Brunnermeier, 2009; Johnson and Kwak, 2010; Keys et al., 2010).”
Cyclical Fiscal Policy, Credit Constraints, and Industry Growth (2014, background): “Given that rms are ex ante identical, there exists a symmetric equilibrium where all rms make the same investment decisions, and we focus our attention on this particular equilibrium.(18) Once the state of nature at time t is realized, a representative rm chooses investments to maximize its expec”
Collateral, Debt Capacity, and Corporate Investment: Evidence from a Natural Experiment (2007, unknown): “19This credit-multiplier effect has been employed by Almeida and Campello (2004) and Braun and Larrain (2004) in their studies of investment-cash flow sensitivities and the effect of financial development on short-run fluctuations in production, respectively.”
How Bank Market Concentration, Regulation, and Institutions Shape the Real Effects of Banking Crises (2010, methodology): “…applied by Rajan and Zingales (1998) and subsequently used by Cetorelli and Gambera (2001), Claessens and Laeven (2003), Fisman and Love (2003), and Braun and Larrain (2005) to investigate the effects of bank concentration, trade credit usage, property rights, and recessions, respectively, on…”
Revisiting the Link between Finance and Macroeconomic Volatility (2013, unknown): “Braun and Larrain (2005) and Raddatz (2006) use data on sectoral value added in a large cross-sections of countries, and find that financial development lowers output volatility, more so in financially vulnerable industries.”
Finance and economic growth in OECD and G20 countries (2015, background): “Such sectors are, however, also more severely affected by recessions (Braun and Larrain, 2005).”
The Real Effect of Banking Crises (2005, methodology): “In particular, one criticism of our testing strategy is that because of balance sheet effects or other financial market imperfections, externally dependent sectors may grow more slowly during any economic downturn, whether a banking crisis or not ( Braun and Larrain, 2005 ).”
Banking stability, competition, and economic volatility (2016, methodology): “2 This approach was initially applied by Rajan and Zingales (1998) and subsequently used by Cetorelli and Gambera (2001), Claessens and Laeven (2003), Fisman and Love (2003), and Braun and Larrain (2005) to investigate the effects of bank concentration, property rights, trade credit usage, and reces”
Bank Financing for SMEs – Lessons from the Literature (2013, unknown): “…during banking crises, industries that depend more on external finance are hurt disproportionately more, an effect that is stronger in countries with better developed financial systems (Dell’Ariccia, Detragiache, and Rajan, 2008: Braun and Larrain, 2005; Kroszner, Laeven, and Klingebiel, 2007).”
The Decision to Import Capital Goods in India : Firms’ Financial Factors Matter (2012, unknown): “21 The measure of external dependence at the 2-digit industry level updated by Braun (2002) and Braun and Larrain (2005) is inter-acted with our measures of ﬁrms’ ﬁnancial statements.”
Liquidity Needs and Vulnerability to Financial Underdevelopment (2003, unknown): “The paper is also part of a recent literature that emphasizes the heterogeneous effects of financial development (see for example Rajan and Zingales, 1998; Braun, 2003; Vlachos and Svaleryd, 2005; Beck, 2000).”