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Internal Capital Markets in Business Groups and the Propagation of Credit Supply Shocks
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Using business registry data from China, we show that internal capital markets in business groups can propagate corporate shareholders’ credit supply shocks t
Credit Supply and Productivity Growth
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We study the impact of bank credit on firm productivity. We exploit a matched firm-bank database covering all the credit relationships of Italian corporations,
The Global Macro Economy and Finance
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This volume explores the measurement of economic and social progress in our societies, and proposes new frameworks to integrate economic dimensions with other a
How Do Credit Supply Shocks Affect the Real Economy?
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