Do Incumbents Manipulate Access to Finance During Banking Crises?

Do Incumbents Manipulate Access to Finance During Banking Crises?

The author tests the hypothesis that during systemic banking crises, access to finance is opportunistically tightened by incumbents to eliminate or weaken competition from mainly young firms. He finds this to be especially true in more corrupt countries. To do so, he uses a methodology similar to Ra...

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Bibliographic Details
Main Author: Feijen, Erik
Format: Publications & Research
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ACCOUNTABILITY
ACCOUNTING
ADVERSE SELECTION
ASSET PRICES
ASSOCIATED COMPANIES
AVERAGE COSTS
BANK LENDING
BANK LOANS
BANKING CONCENTRATION
BANKING CRISES
BANKING SYSTEM
BANKRUPTCY
BANKS
BARRIERS TO ENTRY
BENCHMARK
CAPITAL BUDGETING
CAPITAL EXPENDITURES
CONNECTED LENDING
CORPORATE GOVERNANCE
CORRUPT COUNTRIES
CORRUPTION
CORRUPTION PERCEPTIONS
CORRUPTION VARIABLE
CREDIT MARKETS
DATA AVAILABILITY
DEBT
DEREGULATION
DEVALUATION
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC POWER
ECONOMICS
ECONOMIES OF SCALE
EMERGING MARKETS
EXCHANGE RATES
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL DEVELOPMENT
FINANCIAL ECONOMICS
FINANCIAL LIBERALIZATION
FINANCIAL MARKETS
FINANCIAL SECTOR
FINANCIAL STRUCTURE
FINANCIAL SYSTEMS
GDP
GDP PER CAPITA
ILLIQUIDITY
INCOME
INFLATION
INSTITUTIONAL CHANGE
INSTITUTIONAL FRAMEWORK
INSTITUTIONAL VARIABLES
MACROECONOMIC VARIABLES
MONOPOLY RENTS
MORAL HAZARD
NET PROFIT
PERCEPTIONS INDEX
PERFECT COMPETITION
POLICY IMPLICATIONS
POLITICAL ECONOMY
POLITICAL INSTITUTIONS
PRESENT VALUE
PRIME MINISTER
PROFITABILITY
PROPERTY RIGHTS
REAL SECTOR
REGRESSION MODELS
SYSTEMIC BANKING CRISES
TOTAL OUTPUT
TRADE LIBERALIZATION
TRANSPARENCY
VALUE ADDED
VALUE OF OUTPUT
WAGES
WORKING CAPITAL
Online Access:http://documents.worldbank.org/curated/en/2005/07/6048663/incumbents-manipulate-access-finance-during-banking-crises
http://hdl.handle.net/10986/8209

Internet

http://documents.worldbank.org/curated/en/2005/07/6048663/incumbents-manipulate-access-finance-during-banking-crises
http://hdl.handle.net/10986/8209

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