create a website

The Schumpeterian role of banks: Credit reallocation and capital structure. (2020). Kogler, Michael ; Keuschnigg, Christian.
In: European Economic Review.
RePEc:eee:eecrev:v:121:y:2020:i:c:s0014292119302090.

Full description at Econpapers || Download paper

Cited: 8

Citations received by this document

Cites: 39

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Banking prudentials, leverage, and innovation partnership choice in China. (2025). Lim, King Yoong ; Lang, Lin ; Chen, Yang ; Luan, Fushu.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:171:y:2025:i:c:s0378426624002619.

    Full description at Econpapers || Download paper

  2. Monetary policy and credit flows: A tale of two effective lower bounds. (2025). Bianco, Timothy ; Herrera, Ana Mara.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:175:y:2025:i:c:s0165188925000508.

    Full description at Econpapers || Download paper

  3. Banks, Credit Reallocation, and Creative Destruction. (2024). Kogler, Michael ; Keuschnigg, Christian ; Matt, Johannes.
    In: Discussion Papers.
    RePEc:cfm:wpaper:2404.

    Full description at Econpapers || Download paper

  4. COVID-19 Dynamics and Financing of Cash Flow Shortages: Evidence from Firm-Level Survey. (2023). Rahman, Yusuf Babatunde ; Adeneye, Yusuf ; Saidi, Normaizatul Akma ; Hashim, Fathyah.
    In: Capital Markets Review.
    RePEc:mfa:journl:v:31:y:2023:i:2:p:23-53.

    Full description at Econpapers || Download paper

  5. Trade and credit reallocation: How banks help shape comparative advantage. (2022). Kogler, Michael ; Keuschnigg, Christian.
    In: Review of International Economics.
    RePEc:bla:reviec:v:30:y:2022:i:1:p:282-305.

    Full description at Econpapers || Download paper

  6. Italy in the Eurozone. (2020). Winterberg, Hannah ; Kogler, Michael ; Kirschner, Linda ; Keuschnigg, Christian.
    In: Economics Working Paper Series.
    RePEc:usg:econwp:2020:10.

    Full description at Econpapers || Download paper

  7. Italy in the Eurozone. (2020). Winterberg, Hannah ; Kogler, Michael ; Kirschner, Linda ; Keuschnigg, Christian.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:15040.

    Full description at Econpapers || Download paper

  8. Italy in the Eurozone. (2020). Winterberg, Hannah ; Kogler, Michael ; Kirschner, Linda ; Keuschnigg, Christian.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_8416.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Acharya, V. ; Eisert, T. ; Eufinger, C. ; Hirsch, C. Whatever it takes: the real effects of unconventional monetary policy. 2019 Review of Financial Studies. 32 3366-3411

  2. Acharya, V.V. ; Bharath, S.T. ; Srinivasan, A. Does industry-wide distress affect defaulted firms? evidence from creditor recoveries. 2007 J. Financ. Econ.. 85 787-821

  3. Acharya, V.V. ; Imbs, J. ; Sturgess, J. Finance and efficiency: do bank branching regulations matter?. 2011 Rev. Financ.. 15 135-72-

  4. Aghion, P. ; Bolton, P. ; Fries, S. The optimal design of bank bailouts: the case of transition economies. 1999 J. Inst. Theor. Econ.. 155 51-70

  5. Almeida, H. ; Wolfenzon, D. The effect of external finance on the equilibrium allocation of capital. 2005 J. Financ. Econ.. 75 133-64-

  6. Bahaj, S., Malherbe, F., 2018. The forced safety effect: how higher capital requirements can increase bank lending. Working Paper.
    Paper not yet in RePEc: Add citation now
  7. Bai, J., Carvalho, D., Philips, G. M., 2017. The impact of bank credit on labor reallocation and aggregate industry productivity. NBER Working Paper No. 24081.

  8. Bartelsman, E. ; Haltiwanger, J. ; Scarpetta, S. Cross-country differences in productivity: the role of allocation and selection. 2013 Am. Econ. Rev.. 103 305-334

  9. Begenau, J. Capital requirements, risk choice, and liquidity provision in a business-cycle model. 2019 Journal of Financial Economics. -

  10. Bertrand, M. ; Schoar, A. ; Thesmar, D. Banking deregulation and industry structure: evidence from the french banking reforms of 1985. 2007 J. Financ.. 62 597-628

  11. Bruche, M. ; Llobet, G. Preventing zombie lending. 2013 Rev. Financ. Stud.. 27 923-956
    Paper not yet in RePEc: Add citation now
  12. Caballero, R.J. ; Hoshi, T. ; Kashyap, A.K. Zombie lending and depressed restructuring in Japan. 2008 Am. Econ. Rev.. 98 1943-1977

  13. Caselli, S. ; Gatti, S. ; Querci, F. The sensitivity of the loss given default rate to systematic risk: new empirical evidence on bank loans. 2008 J. Financ. Serv. Res.. 34 1-34

  14. Dewatripont, M. ; Tirole, J. The Prudential Regulation of Banks. 1995 MIT Press: Cambridge
    Paper not yet in RePEc: Add citation now
  15. Diamond, D.W. Financial intermediation and delegated monitoring. 1984 Rev. Econ. Stud.. 51 393-414

  16. Eisenbach, T. M., Lucca, D. O., Townsend, R. M., 2016. Economics of bank supervision. NBER WP No. 22201.

  17. Eisfeldt, A.L. ; Rampini, A. Capital reallocation and liquidity. 2006 J. Monet. Econ.. 53 369-399

  18. Ellingsen, T. ; Kristiansen, E.G. Financial contracting and imperfect enforcement. 2011 Q. J. Econ.. 126 323-371

  19. Freixas, X. ; Lóránth, G. ; Morrison, A.D. Regulating financial conglomerates. 2007 J. Financ. Intermed.. 16 179-514

  20. Furlong, F. ; Keeley, M. Capital regulation and bank risk-taking. a note. 1989 J. Bank. Financ.. 13 883-891

  21. Giroud, X. ; Mueller, H.M. Capital and labor reallocation within firms. 2015 J. Finance. 70 1767-1804

  22. Grunert, J. ; Weber, A. Recovery rates of commercial lending: empirical evidence from germany. 2009 J. Bank. Financ.. 33 505-513

  23. Homar, T. ; van Wijnbergen, S.J.G. Bank recapitalization and economic recovery after the financial crisis. 2017 J. Financ. Intermed.. 32 16-28

  24. Hsieh, C.T. ; Klenow, P.J. Misallocation and manufacturing TFP in China and India. 2009 Q. J. Econ.. 124 1403-1448

  25. Huizinga, H. ; Laeven, L. Bank valuation and accounting discretion during a financial crisis. 2012 J. Financ. Econ.. 106 614-634

  26. Khieu, H.D. ; Mullineaux, D.J. ; Yi, H.C. The determinants of bank loan recovery rates. 2012 J. Bank. Financ.. 36 922-933

  27. La Porta, R. ; Lopez-De-Silanes, F. ; Shleifer, A. Law and finance after a decade of research. 2013 Elsevier:

  28. La Porta, R. ; Lopez-De-Silanes, F. ; Shleifer, A. What works in securities laws?. 2006 J. Finance. 61 1-32

  29. Peek, J. ; Rosengren, E.S. Unnatural selection: perverse incentives and the misallocation of credit in Japan. 2005 Am. Econ. Rev.. 95 1144-1166

  30. Petersen, M.A. ; Rajan, R.G. The effect of credit market competition on lending relationships. 1995 Q. J. Econ.. 110 407-443

  31. Ragalevsky, S.V. ; Ricardi, S.J. Anatomy of bank failure. 2009 Bank. Law J.. 126 867-902
    Paper not yet in RePEc: Add citation now
  32. Repullo, R. Capital requirements, market power, and risk taking in banking. 2004 J. Financ. Intermed.. 13 496-521

  33. Repullo, R. ; Suarez, J. The procyclical effects of bank capital regulation. 2013 Rev. Financ. Stud.. 26 452-490

  34. Rochet, J.C. Capital requirements and the behavior of commercial banks. 1992 Eur. Econ. Rev.. 36 1137-1178

  35. Schivardi, F., Sette, E., Tabellini, G., 2017. Credit misallocation during the european financial crisis. EIEF Working Paper No. 17/04.

  36. Stein, J.C. Internal capital markets and the competition for corporate resources. 1997 J. Financ.. 52 111-133

  37. Stiglitz, J. E., Weiss, A., 1988. Banks as social accountants and screening devices for the allocation of credit. NBER Working Paper No. 2710.

  38. Vij, S., 2019. Acquiring failed banks. Working Paper.
    Paper not yet in RePEc: Add citation now
  39. Wurgler, J. Financial markets and the allocation of capital. 2000 J. Financ. Econ.. 58 187-214

Cocites

Documents in RePEc which have cited the same bibliography

  1. Zombies: Who are they and how do firms become zombies?. (2022). Dvouletý, Ondřej ; Blakova, Ivana.
    In: Journal of Small Business Management.
    RePEc:taf:ujbmxx:v:60:y:2022:i:1:p:119-145.

    Full description at Econpapers || Download paper

  2. Chaos, granularity, and instability in economic systems of countries with emerging market economies: relationships between GDP growth rate and increasing internal inequality. (2022). Desogus, Marco ; Casu, Elisa.
    In: MPRA Paper.
    RePEc:pra:mprapa:115744.

    Full description at Econpapers || Download paper

  3. Zombification and Industry 4.0—Directional Financialisation against Doomed Industrial Revolution. (2022). Kovacs, Oliver.
    In: Social Sciences.
    RePEc:gam:jscscx:v:11:y:2022:i:5:p:218-:d:817217.

    Full description at Econpapers || Download paper

  4. Zombie Firms during and after Crisis. (2022). Blakova, Ivana ; Chmelikova, Gabriela.
    In: JRFM.
    RePEc:gam:jjrfmx:v:15:y:2022:i:7:p:301-:d:858711.

    Full description at Econpapers || Download paper

  5. Dual labor market, financial fragility, and deflation in an agent-based model of the Japanese macroeconomy. (2022). Fujiwara, Yoshi ; di Guilmi, Corrado.
    In: Journal of Economic Behavior & Organization.
    RePEc:eee:jeborg:v:196:y:2022:i:c:p:346-371.

    Full description at Econpapers || Download paper

  6. Banks€™ Seasoned Equity Offerings Announcements and Central Bank Lending Operations. (2022). Kakes, Jan ; Giuliodori, Massimo ; Mokas, Dimitris.
    In: Working Papers.
    RePEc:dnb:dnbwpp:748.

    Full description at Econpapers || Download paper

  7. Support for Small Businesses amid COVID-19. (2021). Wang, Xuan ; Tsomocos, Dimitrios ; Goodhart, Charles.
    In: Tinbergen Institute Discussion Papers.
    RePEc:tin:wpaper:20200044.

    Full description at Econpapers || Download paper

  8. Identifying ever-greening: Evidence using loan-level data. (2021). Tantri, Prasanna.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:122:y:2021:i:c:s0378426620302594.

    Full description at Econpapers || Download paper

  9. Regulators vs. markets: Are lending terms influenced by different perceptions of bank risk?. (2021). Wu, Eliza ; Politsidis, Panagiotis ; Kim, Suk-Joong ; Delis, Manthos.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:122:y:2021:i:c:s0378426620302521.

    Full description at Econpapers || Download paper

  10. Losing traction? The real effects of monetary policy when interest rates are low. (2021). Hofmann, Boris ; Disyatat, Piti ; BORIO, Claudio ; Ahmed, Rashad.
    In: BIS Working Papers.
    RePEc:bis:biswps:983.

    Full description at Econpapers || Download paper

  11. Return of the NPLs to the bright side: which Unlikely to Pay firms are more likely to pay?. (2021). Meucci, Giorgio ; Affinito, Massimiliano.
    In: Questioni di Economia e Finanza (Occasional Papers).
    RePEc:bdi:opques:qef_601_21.

    Full description at Econpapers || Download paper

  12. Collateral eligibility of corporate debt in the Eurosystem. (2020). Riedel, Max ; Pelizzon, Loriana ; Subrahmanyam, Marti G ; Simon, Zorka.
    In: SAFE Working Paper Series.
    RePEc:zbw:safewp:275.

    Full description at Econpapers || Download paper

  13. Transmitting fiscal Covid-19 counterstrikes effectively: Mind the banks!. (2020). Koetter, Michael ; Gropp, Reint ; McShane, William.
    In: IWH Online.
    RePEc:zbw:iwhonl:22020.

    Full description at Econpapers || Download paper

  14. The cleansing effect of banking crises. (2020). Ongena, Steven ; Gropp, Reint ; Rocholl, Jorg ; Saadi, Vahid.
    In: IWH Discussion Papers.
    RePEc:zbw:iwhdps:122020.

    Full description at Econpapers || Download paper

  15. Expansionary Yet Different: Credit Supply and Real Effects of Negative Interest Rate Policy. (2020). Sette, Enrico ; Presbitero, Andrea ; Polo, Andrea ; Peydro, Jose-Luis ; Minoiu, Camelia ; Bottero, Margherita.
    In: EconStor Preprints.
    RePEc:zbw:esprep:216807.

    Full description at Econpapers || Download paper

  16. Monetary policy, firm exit and productivity. (2020). Lieberknecht, Philipp ; Hartwig, Benny.
    In: Discussion Papers.
    RePEc:zbw:bubdps:612020.

    Full description at Econpapers || Download paper

  17. Central bank funding and credit risk-taking. (2020). te Kaat, Daniel ; Dinger, Valeriya ; Bednarek, Peter ; von Westernhagen, Natalja.
    In: Discussion Papers.
    RePEc:zbw:bubdps:362020.

    Full description at Econpapers || Download paper

  18. Domestic Banks As Lightning Rods? Home Bias and Information during the Eurozone Crisis. (2020). Saka, Orkun.
    In: Journal of Money, Credit and Banking.
    RePEc:wly:jmoncb:v:52:y:2020:i:s1:p:273-305.

    Full description at Econpapers || Download paper

  19. On-site inspecting zombie lending. (2020). Ongena, Steven ; Degryse, Hans ; Bonfim, Diana ; Cerqueiro, Geraldo.
    In: Working Papers.
    RePEc:ptu:wpaper:w202001.

    Full description at Econpapers || Download paper

  20. Regulators vs. markets: Are lending terms influenced by different perceptions of bank risk?. (2020). Wu, Eliza ; Politsidis, Panagiotis ; Kim, Suk-Joong ; Delis, Manthos.
    In: MPRA Paper.
    RePEc:pra:mprapa:106679.

    Full description at Econpapers || Download paper

  21. Bank lending during the COVID-19 pandemic. (2020). HASAN, IFTEKHAR ; Sharma, Zenu.
    In: MPRA Paper.
    RePEc:pra:mprapa:103565.

    Full description at Econpapers || Download paper

  22. Credit Supply, Firms, and Earnings Inequality. (2020). Moser, Christian ; Wolter, Stefanie ; Saidi, Farzad ; Wirth, Benjamin.
    In: MPRA Paper.
    RePEc:pra:mprapa:100371.

    Full description at Econpapers || Download paper

  23. The Collateral Channel of Monetary Policy: Evidence from China. (2020). Fang, Hanming ; Wang, Yongqin ; Wu, Xian.
    In: PIER Working Paper Archive.
    RePEc:pen:papers:20-008.

    Full description at Econpapers || Download paper

  24. Kicking the Can Down the Road: Government Interventions in the European Banking Sector. (2020). Steffen, Sascha ; Acharya, Viral ; Jager, Maximilian ; Borchert, Lea.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:27537.

    Full description at Econpapers || Download paper

  25. The Collateral Channel of Monetary Policy: Evidence from China. (2020). Fang, Hanming ; Wang, Yongqin ; Wu, Xian.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:26792.

    Full description at Econpapers || Download paper

  26. Financial Distress and the Role of Management in Micro and Small-Sized Firms. (2020). Portela, Miguel ; Cruz, Sara ; Alexandre, Fernando.
    In: IZA Discussion Papers.
    RePEc:iza:izadps:dp13738.

    Full description at Econpapers || Download paper

  27. An Empirical Assessment of Monetary Policy Channels on Income and Wealth Disparities. (2020). Alves, José ; Silva, Tomas.
    In: Working Papers REM.
    RePEc:ise:remwps:wp01442020.

    Full description at Econpapers || Download paper

  28. The Determinants of Economic Competitiveness. (2020). Kluge, Jan ; Lappoehn, Sarah ; Plank, Kerstin.
    In: IHS Working Paper Series.
    RePEc:ihs:ihswps:24.

    Full description at Econpapers || Download paper

  29. One Size Does Not Fit All: TFP in the Aftermath of Financial Crises in Three European Countries. (2020). Fontagné, Lionel ; Benassy-Quere, Agnès ; Abele, Christian.
    In: Working Papers.
    RePEc:hal:wpaper:halshs-02883685.

    Full description at Econpapers || Download paper

  30. One Size Does Not Fit All: TFP in the Aftermath of Financial Crises in Three European Countries. (2020). Fontagné, Lionel ; Benassy-Quere, Agnès ; Abele, Christian.
    In: PSE Working Papers.
    RePEc:hal:psewpa:halshs-02883685.

    Full description at Econpapers || Download paper

  31. Issues in the Use of the Balance Sheet Tool. (2020). Fuentes-Albero, Cristina ; D'Amico, Stefania ; Carlson, Mark ; Wood, Paul R ; Schlusche, Bernd.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2020-71.

    Full description at Econpapers || Download paper

  32. Monetary Stimulus amid the Infrastructure Investment Spree: Evidence from Chinas Loan-Level Data. (2020). Zha, Tao ; Waggoner, Daniel ; Higgins, Patrick ; Chen, Kaiji.
    In: FRB Atlanta Working Paper.
    RePEc:fip:fedawp:89447.

    Full description at Econpapers || Download paper

  33. Do conventional monetary policy instruments matter in unconventional times?. (2020). Tonzer, Lena ; Schmidt, Kirsten ; Buchholz, Manuel.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:118:y:2020:i:c:s0378426620301242.

    Full description at Econpapers || Download paper

  34. Better the devil you know: Home and sectoral biases in bank lending. (2020). Burietz, Aurore ; Ureche-Rangau, L.
    In: International Economics.
    RePEc:eee:inteco:v:164:y:2020:i:c:p:69-85.

    Full description at Econpapers || Download paper

  35. The Schumpeterian role of banks: Credit reallocation and capital structure. (2020). Kogler, Michael ; Keuschnigg, Christian.
    In: European Economic Review.
    RePEc:eee:eecrev:v:121:y:2020:i:c:s0014292119302090.

    Full description at Econpapers || Download paper

  36. Unconventional Monetary Policies: A Stock-Taking Exercise. (2020). Sahuc, Jean-Guillaume ; Pfister, Christian.
    In: EconomiX Working Papers.
    RePEc:drm:wpaper:2020-3.

    Full description at Econpapers || Download paper

  37. Unerwünschte Nebenwirkung der Corona-Maßnahmen: Zombies?. (2020). Ruthardt, Fabian ; Potrafke, Niklas ; Gründler, Klaus ; Arth, Lukas ; Grundler, Klaus ; Sielmann, Jannik.
    In: ifo Schnelldienst.
    RePEc:ces:ifosdt:v:73:y:2020:i:11:p:50-52.

    Full description at Econpapers || Download paper

  38. The life and death of zombies – evidence from government subsidies to firms. (2020). Nurmi, Satu ; Viren, Matti ; Vanhala, Juuso.
    In: Research Discussion Papers.
    RePEc:bof:bofrdp:2020_008.

    Full description at Econpapers || Download paper

  39. Unconventional Monetary Policies: A Stock-Taking Exercise. (2020). Sahuc, Jean-Guillaume ; Pfister, Christian.
    In: Working papers.
    RePEc:bfr:banfra:761.

    Full description at Econpapers || Download paper

  40. Expansionary yet different: credit supply and real effects of negative interest rate policy. (2020). Sette, Enrico ; Bottero, Margherita.
    In: Temi di discussione (Economic working papers).
    RePEc:bdi:wptemi:td_1269_20.

    Full description at Econpapers || Download paper

  41. Monetary Policy Surprises and Employment: evidence from matched bank-firm loan data on the bank lending-channel. (2020). Gonzalez, Rodrigo.
    In: Working Papers Series.
    RePEc:bcb:wpaper:518.

    Full description at Econpapers || Download paper

  42. Zombification in Europe in times of pandemic. (2020). Schepens, Glenn ; Laeven, Luc ; Schnabel, Isabel.
    In: ECONtribute Policy Brief Series.
    RePEc:ajk:ajkpbs:011.

    Full description at Econpapers || Download paper

  43. The Riskiness of Credit Allocation and Financial Stability. (2019). Raddatz, Claudio ; Brandao Marques, Luis ; Chen, Qianying ; Xie, Peichu ; Brandao-Marques, Luis ; Vandenbussche, Jerome.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2019/207.

    Full description at Econpapers || Download paper

  44. Negative Monetary Policy Rates and Portfolio Rebalancing: Evidence from Credit Register Data. (2019). Sette, Enrico ; Presbitero, Andrea ; Polo, Andrea ; Peydro, Jose-Luis ; Minoiu, Camelia ; Bottero, Margherita.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2019/044.

    Full description at Econpapers || Download paper

  45. A tale of two decades: the ECB’s monetary policy at 20. (2019). Rostagno, Massimo ; Lemke, Wolfgang ; Altavilla, Carlo ; Motto, Roberto ; Yiangou, Jonathan ; Carboni, Giacomo ; Guilhem, Arthur Saint.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20192346.

    Full description at Econpapers || Download paper

  46. Expansionary Yet Different: Credit Supply and Real Effects of Negative Interest Rate Policy. (2019). Sette, Enrico ; Presbitero, Andrea ; Polo, Andrea ; Peydro, Jose-Luis ; Minoiu, Camelia ; Bottero, Margherita.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:14233.

    Full description at Econpapers || Download paper

  47. Reasons for the Demise of Interest: Savings Glut and Secular Stagnation or Central Bank Policy?. (2019). Schnabl, Gunther ; Mayer, Thomas.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_7954.

    Full description at Econpapers || Download paper

  48. What do almost 20 years of micro data and two crises say about the relationship between central bank and interbank market liquidity? Evidence from Italy. (2019). Affinito, Massimiliano.
    In: BIS Working Papers.
    RePEc:bis:biswps:821.

    Full description at Econpapers || Download paper

  49. Unconventional monetary policy tools: a cross-country analysis. (2019). Bank for International Settlements, .
    In: CGFS Papers.
    RePEc:bis:biscgf:63.

    Full description at Econpapers || Download paper

  50. What do almost 20 years of micro data and two crises say about the relationship between central bank and interbank market liquidity? Evidence from Italy. (2019). Affinito, Massimiliano.
    In: Temi di discussione (Economic working papers).
    RePEc:bdi:wptemi:td_1238_19.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-09-15 19:41:34 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.