create a website

How does long-term finance affect economic volatility?. (2017). Huizinga, Harry ; Horvath, Balint ; Demirguc-Kunt, Asli ; Demirgu-Kunt, Asli.
In: Journal of Financial Stability.
RePEc:eee:finsta:v:33:y:2017:i:c:p:41-59.

Full description at Econpapers || Download paper

Cited: 11

Citations received by this document

Cites: 38

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. The Impact of Long-Term Finance on Job Quality, Investments and Firm Performance: Cross-Country Evidence. (2024). Sommer, Christoph.
    In: The European Journal of Development Research.
    RePEc:pal:eurjdr:v:36:y:2024:i:4:d:10.1057_s41287-023-00611-y.

    Full description at Econpapers || Download paper

  2. Does unionization reduce wage inequality? New evidence from business dynamism. (2024). Ee, Mong Shan ; Chao, Chi-Chur.
    In: International Review of Economics & Finance.
    RePEc:eee:reveco:v:92:y:2024:i:c:p:690-703.

    Full description at Econpapers || Download paper

  3. Innovation, financial development, and growth: evidences from industrial and emerging countries. (2022). Cheng, Su-Yin ; Hou, Han.
    In: Economic Change and Restructuring.
    RePEc:kap:ecopln:v:55:y:2022:i:3:d:10.1007_s10644-021-09361-5.

    Full description at Econpapers || Download paper

  4. On the heterogeneity of the long-term leverage-growth relationship: A cross-country analysis of manufacturing firms. (2022). Cattaruzzo, Sebastiano ; Teruel, Mercedes.
    In: Structural Change and Economic Dynamics.
    RePEc:eee:streco:v:62:y:2022:i:c:p:552-565.

    Full description at Econpapers || Download paper

  5. The impact of patient capital on job quality, investments and firm performance: Cross-country evidence on long-term finance. (2021). Sommer, Christoph.
    In: IDOS Discussion Papers.
    RePEc:zbw:diedps:62021.

    Full description at Econpapers || Download paper

  6. Interlinkages between external debt financing, credit cycles and output fluctuations in emerging market economies. (2021). Verma, Akhilesh ; Sengupta, Rajeswari.
    In: Review of World Economics (Weltwirtschaftliches Archiv).
    RePEc:spr:weltar:v:157:y:2021:i:4:d:10.1007_s10290-021-00424-3.

    Full description at Econpapers || Download paper

  7. The provision of long-term credit and firm growth in developing countries. (2020). LEON, Florian.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:90:y:2020:i:c:p:66-78.

    Full description at Econpapers || Download paper

  8. The provision of long-term credit and firm growth. (2019). LEON, Florian.
    In: DEM Discussion Paper Series.
    RePEc:luc:wpaper:19-08.

    Full description at Econpapers || Download paper

  9. Long-term finance and entrepreneurship. (2019). LEON, Florian.
    In: Economic Systems.
    RePEc:eee:ecosys:v:43:y:2019:i:2:8.

    Full description at Econpapers || Download paper

  10. Debt maturity and firm performance: evidence from a quasi-natural experiment. (2019). Cascarano, Michele ; Accetturo, Antonio ; Stefani, Maria Lucia ; Canzian, Giulia.
    In: Temi di discussione (Economic working papers).
    RePEc:bdi:wptemi:td_1250_19.

    Full description at Econpapers || Download paper

  11. Long-Term Finance and Entrepreneurship. (2018). LEON, Florian.
    In: DEM Discussion Paper Series.
    RePEc:luc:wpaper:18-01.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Adrian, T. ; Colla, P. ; Shin, H. Which financial frictions? Parsing the evidence from the financial crisis of 2007 to 2009. 2012 :

  2. Aghion, P. ; Angeletos, G.-M. ; Banerjee, A. ; Manova, K. Volatility and growth: credit constraints and the composition of investment. 2010 J. Monetary Econ.. 57 246-265

  3. Almeida, H. ; Campello, M. ; Laranjeira, B. ; Weisbenner, S. Corporate debt maturity and the real effects of the 2007 credit crisis. 2012 Crit. Finance Rev.. 1 3-58

  4. Anginer, D. ; Demirguc-Kunt, A. ; Huizinga, H. ; Ma, K. Corporate Governance and Bank Insolvency Risk: International Evidence. World Bank Policy Research Paper 7017. 2014 :

  5. Beck, T. The role of finance in economic development: benefits, risks, and politics. 2012 :
    Paper not yet in RePEc: Add citation now
  6. Beck, T. ; Demirgüç-Kunt, A. ; Maksimovic, V. Financing patterns around the world: are small firms different?. 2008 J. Financial Econ.. 89 467-487

  7. Beck, T. ; Levine, R. ; Loayza, N. Finance and the sources of growth. 2000 J. Financial Econ.. 58 261-300

  8. Becker, B. ; Ivashina, V. Cyclicality of credit supply: firm level evidence. 2014 J. Monetary Econ.. 62 1-22

  9. Boyd, J.H. ; Smith, B.D. How good are standard debt contracts? Stochastic versus nonstochastic monitoring in a costly state verification environment. 1994 J. Bus.. 67 539-561

  10. Campello, M. ; Giambona, E. ; Graham, J.R. ; Harvey, C.R. Liquidity management and corporate investment during a financial crisis. 2011 Rev. Financial Stud.. 24 1944-1979

  11. Campello, M. ; Graham, J.R. ; Harvey, C.R. The real effects of financial constraints: evidence from a financial crisis. 2010 J. Financial Econ.. 97 470-487

  12. Chodorow-Reich, G. The employment effects of credit market disruptions: firm-level evidence from the 2008–9 financial crisis. 2014 Q. J. Econ.. 129 1-59

  13. Demirgüç-Kunt, A. ; Kane, E.J. Deposit insurance around the globe: where does it work?. 2002 J. Econ. Perspect.. 16 175-195

  14. Demirgüç-Kunt, A. ; Maksimovic, V. Institutions financial markets, and firm debt maturity. 1999 J. Financial Econ.. 54 295-336

  15. Diamond, D.W. Debt maturity structure and liquidity risk. 1991 Q. J. Econ.. 106 709-737

  16. Diamond, D.W. Financial intermediation and delegated monitoring. 1984 R. Econ. Stud.. 51 393-414

  17. Diamond, D.W. ; Rajan, R.G. Liquidity risk liquidity creation, and financial fragility: a theory of banking. 2001 J. Polit. Economy. 109 287-327

  18. Duchin, R. ; Ozbas, O. ; Sensoy, B.A. Costly external finance corporate investment, and the subprime mortgage credit crisis. 2010 J. Financial Econ.. 97 418-435

  19. Duygan-Bump, B. ; Levkov, A. ; Montoriol-Garriga, J. Financing constraints and unemployment: evidence from the Great Recession. 2015 J. Monetary Econ.. 75 89-105

  20. Fan, J.P. ; Titman, S. ; Twite, G. An international comparison of capital structure and debt maturity choices. 2012 J. Financial Quant. Anal.. 47 23-56

  21. Fishman, R. ; Love, I. Financial dependence and growth revisited. 2007 J. Eur. Econ. Assoc.. 5 470-479

  22. Gale, D. ; Hellwig, M. Incentive-compatible debt contracts: the one-period problem. 1985 Rev. Econ. Stud.. 52 647-663

  23. Hart, O. ; Moore, J. Debt and seniority: an analysis of the role of hard claims in constraining management. 1995 Am. Econ. Rev.. 85 567-585

  24. Holmström, B. ; Tirole, J. Financial intermediation, loanable funds, and the real sector. 1997 Q. J. Econ.. 112 663-691

  25. Jaramillo, F. ; Schiantarelli, F. Access to long term debt and effects on firms’ performance: lessons from Ecuador. 1997 Inter-American Development Bank: Washingon, DC

  26. Jensen, M.C. ; Meckling, W.H. Theory of the firm: managerial behavior, agency costs and ownership structure. 1976 J. Financial Econ.. 3 305-360

  27. King, R.G. ; Levine, R. Finance and growth: Schumpeter might be right. 1993 Q. J. Econ.. 108 717-737

  28. King, R.G. ; Levine, R. Finance: entrepreneurship and growth. 1993 J. Monetary Econ.. 32 513-542

  29. Levine, R. Finance and growth: theory and evidence. 2005 Handb. Econ. Growth. 1 865-934

  30. Levine, R. ; Loayza, N. ; Beck, T. Financial intermediation and growth: causality and causes. 2000 J. Monetary Econ.. 46 31-77

  31. Levine, R. ; Zervos, S. Stock markets banks, and economic growth. 1998 Am. Econ. Rev.. 88 537-558

  32. Rajan, R.G. Insiders and outsiders: the choice between informed and arm’s-length debt. 1992 J. Finance. 47 1367-1400

  33. Rajan, R.G. ; Zingales, L. Financial dependence and growth. 1998 Am. Econ. Rev.. 88 559-586

  34. Rey, P. ; Stiglitz, J.E. Short-term contracts as a monitoring device. NBER Working Papers 4514. 1993 National Bureau of Economic Research: Cambridge, MA

  35. Schiantarelli, F. ; Sembenelli, A. The maturity structure of debt: determinants and effects on firms’ performance: evidence from the United Kingdom and Italy. 1997 World Bank: Washington, DC

  36. Schiantarelli, F. ; Srivastava, V. Debt maturity and firm performance: a panel study of Indian companies. 1997 World Bank: Washington, DC

  37. Townsend, R.M. Optimal contracts and competitive markets with costly state verification. 1979 J. Economic Theory. 21 265-293

  38. Vermoesen, V. ; Deloof, M. ; Laveren, E. Long-term debt maturity and financing constraints of SMEs during the Global Financial Crisis. 2013 Small Bus. Econ.. 41 433-448

Cocites

Documents in RePEc which have cited the same bibliography

  1. On the Direct and Indirect Real Effects of Credit Supply Shocks. (2019). Moral-Benito, Enrique ; Garcia-Santana, Manuel ; Alfaro, Laura.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:25458.

    Full description at Econpapers || Download paper

  2. The market reaction to debt announcements: UK evidence surrounding the global financial crisis. (2019). McColgan, Patrick ; McCann, Laura ; Marshall, Andrew.
    In: The British Accounting Review.
    RePEc:eee:bracre:v:51:y:2019:i:1:p:92-109.

    Full description at Econpapers || Download paper

  3. Stock Markets Assessment of Monetary Policy Transmission: The Cash Flow Effect. (2019). Lee, Sang Seok ; Karasoy Can, Hatice ; Gürkaynak, Refet ; Gurkaynak, Refet S.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:14017.

    Full description at Econpapers || Download paper

  4. Using credit variables to date business cycle and to estimate the probabilities of recession in real time. (2019). Liberati, Danilo ; aprigliano, valentina.
    In: Temi di discussione (Economic working papers).
    RePEc:bdi:wptemi:td_1229_19.

    Full description at Econpapers || Download paper

  5. Lending frictions and nominal rigidities: Implications for credit reallocation and TFP. (2019). Florián, David ; Francis, Johanna L ; Hoyle, David Florian.
    In: Working Papers.
    RePEc:apc:wpaper:142.

    Full description at Econpapers || Download paper

  6. On the Direct and Indirect Real Effects of Credit Supply Shocks. (2018). Moral-Benito, Enrique ; Garcia-Santana, Manuel ; Alfaro, Laura.
    In: 2018 Meeting Papers.
    RePEc:red:sed018:39.

    Full description at Econpapers || Download paper

  7. Interbank Market Turmoils and the Macroeconomy. (2018). Kopiec, Paweł.
    In: MPRA Paper.
    RePEc:pra:mprapa:85028.

    Full description at Econpapers || Download paper

  8. The Firm Dynamics of Business Cycles. (2018). Raveendranathan, Gajendran ; Ayres, Joao.
    In: Department of Economics Working Papers.
    RePEc:mcm:deptwp:2018-16.

    Full description at Econpapers || Download paper

  9. Financial frictions and monetary policy conduct. (2018). Paries, Matthieu Darracq.
    In: Erudite Ph.D Dissertations.
    RePEc:eru:erudph:ph18-01.

    Full description at Econpapers || Download paper

  10. Foreign currency borrowing, balance sheet shocks and real outcomes. (2018). Hardy, Bryan.
    In: BIS Working Papers.
    RePEc:bis:biswps:758.

    Full description at Econpapers || Download paper

  11. Frontiers of macrofinancial linkages. (2018). Claessens, Stijn ; Kose, Ayhan M.
    In: BIS Papers.
    RePEc:bis:bisbps:95.

    Full description at Econpapers || Download paper

  12. The Real Effects of Disrupted Credit: Evidence from the Global Financial Crisis. (2018). Bernanke, Ben.
    In: Brookings Papers on Economic Activity.
    RePEc:bin:bpeajo:v:50:y:2018:i:2018-02:p:251-342.

    Full description at Econpapers || Download paper

  13. Corporate debt structure and economic recoveries: a cross-country analysis. (2018). Tripier, Fabien ; Szczerbowicz, Urszula ; Grjebine, Thomas.
    In: Rue de la Banque.
    RePEc:bfr:rueban:2018:63.

    Full description at Econpapers || Download paper

  14. Financial Frictions in Macroeconomic Models. (2017). Nolan, Charles ; Duncan, Alfred.
    In: Studies in Economics.
    RePEc:ukc:ukcedp:1719.

    Full description at Econpapers || Download paper

  15. Housing Bust, Bank Lending & Employment : Evidence from Multimarket Banks. (2017). Glancy, David.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2017-118.

    Full description at Econpapers || Download paper

  16. Capital regulation and credit fluctuations. (2017). Rochet, Jean ; Gersbach, Hans.
    In: Journal of Monetary Economics.
    RePEc:eee:moneco:v:90:y:2017:i:c:p:113-124.

    Full description at Econpapers || Download paper

  17. Housing market stability, mortgage market structure, and monetary policy: Evidence from the euro area. (2017). Sebastian, Steffen ; Betzinger, Michael ; Zhu, Bing.
    In: Journal of Housing Economics.
    RePEc:eee:jhouse:v:37:y:2017:i:c:p:1-21.

    Full description at Econpapers || Download paper

  18. How does long-term finance affect economic volatility?. (2017). Huizinga, Harry ; Horvath, Balint ; Demirguc-Kunt, Asli ; Demirgu-Kunt, Asli.
    In: Journal of Financial Stability.
    RePEc:eee:finsta:v:33:y:2017:i:c:p:41-59.

    Full description at Econpapers || Download paper

  19. What slice of the pie? The corporate bond market boom in emerging economies. (2017). Saborowski, Christian ; Nedeljkovic, Milan ; Ayala, Diana.
    In: Journal of Financial Stability.
    RePEc:eee:finsta:v:30:y:2017:i:c:p:16-35.

    Full description at Econpapers || Download paper

  20. What Slice of the Pie? The Corporate Bond Market Boom in Emerging Economies. (2017). Saborowski, Christian ; Nedeljkovic, Milan ; Ayala, Diana.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_6376.

    Full description at Econpapers || Download paper

  21. The Role of Financial Intermediation in International Trade. (2016). Unger, Florian.
    In: VfS Annual Conference 2016 (Augsburg): Demographic Change.
    RePEc:zbw:vfsc16:145855.

    Full description at Econpapers || Download paper

  22. The effect of bank shocks on firm-level and aggregate investment. (2016). Nagengast, Arne ; Amador, João.
    In: Discussion Papers.
    RePEc:zbw:bubdps:202016.

    Full description at Econpapers || Download paper

  23. How does long-term finance affect economic volatility ?. (2016). Huizinga, Harry ; Horvath, Balint ; Demirguc-Kunt, Asli.
    In: Policy Research Working Paper Series.
    RePEc:wbk:wbrwps:7535.

    Full description at Econpapers || Download paper

  24. How Does Long-Term Finance Affect Economic Volatility?. (2016). Huizinga, Harry ; Horvath, Balint ; Demirguc-Kunt, Asli ; Demirgu-Kunt, A.
    In: Discussion Paper.
    RePEc:tiu:tiucen:59312b2d-3418-4a1c-be24-49f1825cc552.

    Full description at Econpapers || Download paper

  25. Long Term Impacts of Bank Behavior on Financial Stability. an Agent Based Modeling Approach. (2016). Gallegati, Mauro ; Duman, Alper ; Caverzasi, Eugenio ; Arslan, Ilker .
    In: Journal of Artificial Societies and Social Simulation.
    RePEc:jas:jasssj:2015-23-3.

    Full description at Econpapers || Download paper

  26. Bond Finance, Bank Credit, and Aggregate Fluctuations in an Open Economy. (2016). Chang, Roberto ; Fernandez, Andres ; Gulan, Adam.
    In: IDB Publications (Working Papers).
    RePEc:idb:brikps:95376.

    Full description at Econpapers || Download paper

  27. Macroeconomics of Persistent Slumps. (2016). Hall, R E.
    In: Handbook of Macroeconomics.
    RePEc:eee:macchp:v2-2131.

    Full description at Econpapers || Download paper

  28. Credit constraints and the international propagation of US financial shocks. (2016). Metiu, Norbert ; Grill, Michael ; Hilberg, Bjorn.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:72:y:2016:i:c:p:67-80.

    Full description at Econpapers || Download paper

  29. Taming the Basel leverage cycle. (2016). Farmer, J. ; Caccioli, Fabio ; Aymanns, Christoph.
    In: Journal of Financial Stability.
    RePEc:eee:finsta:v:27:y:2016:i:c:p:263-277.

    Full description at Econpapers || Download paper

  30. Mind the gap: Computing finance-neutral output gaps in Latin-American economies. (2016). Ojeda-Joya, Jair ; Gomez-Gonzalez, Jose ; Amador Torres, Juan ; Jaulin-Mendez, Oscar F ; Amador-Torres, Juan S ; Tenjo-Galarza, Fernando.
    In: Economic Systems.
    RePEc:eee:ecosys:v:40:y:2016:i:3:p:444-452.

    Full description at Econpapers || Download paper

  31. The effect of bank shocks on firm-level and aggregate investment. (2016). Nagengast, Arne ; Amador, João.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20161914.

    Full description at Econpapers || Download paper

  32. Experimentation and Learning-by-Doing. (2016). Safronov, M.
    In: Cambridge Working Papers in Economics.
    RePEc:cam:camdae:1667.

    Full description at Econpapers || Download paper

  33. Corporate Debt Structure, Precautionary Savings, and Investment Dynamics. (2016). Xiao, Jasmine.
    In: Cambridge Working Papers in Economics.
    RePEc:cam:camdae:1666.

    Full description at Econpapers || Download paper

  34. Bond finance, bank credit, and aggregate fluctuations in an open economy. (2016). Chang, Roberto ; Fernandez, Andres.
    In: Research Discussion Papers.
    RePEc:bof:bofrdp:2016_022.

    Full description at Econpapers || Download paper

  35. The Effect of Bank Shocks on Firm-Level and Aggregate Investment. (2015). Nagengast, Arne ; Amador, João.
    In: Working Papers.
    RePEc:ptu:wpaper:w201515.

    Full description at Econpapers || Download paper

  36. Systemic Risk: The Dynamics under Central Clearing. (2015). Cheng, Allen ; Rajan, Sriram ; Capponi, Agostino.
    In: Working Papers.
    RePEc:ofr:wpaper:15-08.

    Full description at Econpapers || Download paper

  37. Loan supply, credit markets and the euro area financial crisis. (2015). DARRACQ PARIES, Matthieu ; Altavilla, Carlo ; Nicoletti, Giulio.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20151861.

    Full description at Econpapers || Download paper

  38. Corporate Debt Structure and the Financial Crisis. (2015). Uhlig, Harald ; De Fiore, Fiorella.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20151759.

    Full description at Econpapers || Download paper

  39. Financial Markets, Banks Cost of Funding, and Firms Decisions: Lessons from Two Crises. (2015). Schiantarelli, Fabio ; Brancati, Emanuele ; Balduzzi, Pierluigi.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_5669.

    Full description at Econpapers || Download paper

  40. Corporate Debt Structure and the Financial Crisis. (2014). Uhlig, Harald ; De Fiore, Fiorella.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:20730.

    Full description at Econpapers || Download paper

  41. The Credit Crunch and Fall in Employment during the Great Recession. (2014). Stebunovs, Viktors ; Lee, Seung Jung ; Haltenhof, Samuel .
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2014-06.

    Full description at Econpapers || Download paper

  42. Corporate Debt Structure and Economic Recoveries. (2014). Tripier, Fabien ; Szczerbowicz, Urszula ; Grjebine, Thomas.
    In: Working Papers.
    RePEc:cii:cepidt:2014-19.

    Full description at Econpapers || Download paper

  43. A Search-Theoretic Approach to Efficient Financial Intermediation. (2014). Tripier, Fabien.
    In: Working Papers.
    RePEc:cii:cepidt:2014-18.

    Full description at Econpapers || Download paper

  44. Leverage Restrictions in a Business Cycle Model. (2014). Ikeda, Daisuke ; Christiano, Lawrence.
    In: Working Papers Central Bank of Chile.
    RePEc:chb:bcchwp:726.

    Full description at Econpapers || Download paper

  45. The dynamics of the leverage cycle. (2014). Farmer, J. ; Aymanns, Christoph.
    In: Papers.
    RePEc:arx:papers:1407.5305.

    Full description at Econpapers || Download paper

  46. Office of Financial Research 2013 Annual Report. (2013). .
    In: Reports.
    RePEc:ofr:report:13-2.

    Full description at Econpapers || Download paper

  47. QE 1 vs. 2 vs. 3. . . : A Framework for Analyzing Large-Scale Asset Purchases as a Monetary Policy Tool. (2013). Karadi, Peter ; Gertler, Mark.
    In: International Journal of Central Banking.
    RePEc:ijc:ijcjou:y:2013:q:0:a:1.

    Full description at Econpapers || Download paper

  48. How do Global Banks Scramble for Liquidity? Evidence from the Asset-Backed Commercial Paper Freeze of 2007. (2013). Kovner, Anna ; Acharya, Viral ; Afonso, Gara.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:9457.

    Full description at Econpapers || Download paper

  49. How Much do Bank Shocks Affect Investment? Evidence from Matched Bank-Firm Loan Data. (2013). Weinstein, David ; Amiti, Mary.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:9400.

    Full description at Econpapers || Download paper

  50. Endogenous risk in a DSGE model with capital-constrained financial intermediaries. (2012). Wouters, Raf ; Dewachter, Hans.
    In: Working Paper Research.
    RePEc:nbb:reswpp:201210-235.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-09-15 18:45:09 || 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.