Banking crises, financial dependence, and growth

By R. Kroszner, Luc Laeven, D. Klingebiel. 2007

725 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/e08017c1619bc86dcc9f44e608a2484b3183f576

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Citations in the corpus

Finance and Employment (2012, positive): “As in Kroszner et al. (2007), the coefficient of the interaction between the Raddatz measure of liquidity and our measures of financial development is not statistically significant. low-growth to high-growth sectors, but on the other hand it allows more firms to weather cash flow shocks, thereby…”
How Firms Export: Processing vs. Ordinary Trade with Financial Frictions (2016, neutral): “They are available from Kroszner et al. (2007) for 29 ISIC 3-digit sectors, which we match to the Chinese HS 8-digit products.”
Banking stability, competition, and economic volatility (2016, background): “Kroszner et al. (2007) and Dell’Ariccia et al. (2008) have applied this approach to study the real effects of banking crises.”
The State of Small Business Lending: Credit Access During the Recovery and How Technology May Change the Game (2014, positive): “ For example, Kroszner, Laeven, and Klingebiel (2007) used cross‐country evidence to show that banking crises negatively affect bank‐ dependent firms, specifically small businesses, more than they affect firms less dependent on bank finance.”
Liaisons dangereuses: Increasing connectivity, risk sharing, and systemic risk (2012, background): “Understanding the nature of systemic risk is crucial if appropriate policy responses are to be framed, especially since the impact of financial shocks on the real economy increases with the depth of the financial system (Kroszner et al., 2007).”
Is financial inclusion good for bank stability? International evidence (2017, methodology): “With this point in mind, we adopt a methodology that is extensively used in the recent literature (e.g., Cetorelli and Gambera, 2001; Kroszner et al., 2007; Beck et al., 2008; Houston et al., 2010).”
Capital account liberalization, financial development and industry growth: a synthetic view (2011, neutral): “Like Kroszner et al. (2007) and Dell'Ariccia et al. (2008), we find that banking and, in the case of our results, currency crises are particularly costly for more financially dependent industries.”
How Much Do Idiosyncratic Bank Shocks Affect Investment? Evidence from Matched Bank-Firm Loan Data (2017, background): “For example, Kashyap, Stein, and Wilcox (1993), Kroszner, Laeven, and Klingebiel (2007), and Adrian, Colla, and Shin (2012) show that some firms are able to substitute other forms of credit how much do idiosyncratic bank shocks affect investment?”
Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market (2008, neutral): “…2000, Calomiris and Mason, 2003, and Matsuyama, 2007) and the link between financial development and economic volatility more generally (Raddatz, 2003, Kroszner et al., 2007, and Ranciere et al., 2008).2 However, little evidence has been collected on how lending standards relate to credit booms.”
How Bank Market Concentration, Regulation, and Institutions Shape the Real Effects of Banking Crises (2010, methodology): “Dell’Ariccia et al. (2008) and Krozsner et al. (2007) confirm that the negative real effects remain after carefully controlling for reverse causality between economic downturns and banking crises.”
Firm Exports and Multinational Activity Under Credit Constraints (2011, neutral): “Rajan and Zingales (1998), Claessens and Laeven (2003), and Kroszner et al. (2007) have argued that FinVulni captures a large technological component that is innate to a sector and therefore a good proxy for ranking industries in all countries.”