The Growth of Finance
By Robin Greenwood, D. Scharfstein. 2013
415 citations recorded by the source corpus.
Subfields: Accounting, Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/ff8301db177874653f66d033e06f529dec628b5c
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Citations in the corpus
- Who Wears the Pants? Gender Identity Norms and Intrahousehold Financial Decision‐Making (2017, background): “Over the past three decades, the financial service sector has grown enormously, accounting for more than a quarter of the growth of the services sector as a whole (Greenwood and Scharfstein, 2013).”
- Have Financial Markets Become More Informative (2016, neutral): “, Hong and Stein, 1999; Shiller, 20 0 0 ), or incentives (e.g., Rajan, 2005 ). Gennaioli, Shleifer, and Vishny (2012) argue that financial innovation can increase fragility.”
- The Great Mortgaging: Housing Finance, Crises, and Business Cycles (2014, neutral): “Financialization shows up in the rising income share of finance (Greenwood and Scharfstein 2013; Philippon and Resheff 2013), the ascent of household debt (Mian and Sufi 2014), as well as the growth of the volume of financial claims on the balance sheets of financial intermediaries (Schularick and…”
- Has the U.S. Finance Industry Become Less Efficient? on the Theory and Measurement of Financial Intermediation (2015, positive): “Greenwood and Scharfstein (2013) provide an illuminating study of the growth of modern finance in the U.S.”
- Ultimate ownership and bank competition (2016, neutral): “Greenwood and Scharfstein (2013) present evidence showing that aggregate nation-wide revenue from fees has replaced interest revenue from 1997 to 2007.8 By contrast, we present evidence on prices (not revenues) at the branch level, and relate changes in prices to changes in competition.”