For much of 2020, the COVID-19 epidemic upended social and economic life globally. In an effort to reduce COVID-19 risks in the US, state and local governments issued many …
New technology promises to expand the supply of financial services to small businesses poorly served by banks. Does it succeed? We study the response of FinTech to financial …
We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm …
D Autor, D Cho, LD Crane, M Goldar, B Lutz… - Journal of Economic …, 2022 - aeaweb.org
Abstract The Paycheck Protection Program (PPP) provided small businesses with roughly 800billiondollarsinuncollateralized,low-interestloansduringthepandemic …
E Leslie, R Wilson - Journal of public economics, 2020 - Elsevier
The COVID-19 pandemic has led to an economic slowdown as more people practice social distancing and shelter at home. The increase in family isolation, unemployment, and …
We build a publicly available database that tracks economic activity in the United States at a granular level in real time using anonymized data from private companies. We report weekly …
We use supervisory loan-level data to document that small firms (SMEs) obtain shorter maturity credit lines than large firms, post more collateral, have higher utilization rates, and …
L Li, PE Strahan, S Zhang - The Review of Corporate Finance …, 2020 - academic.oup.com
In March 2020, banks faced the largest increase in liquidity demands ever observed. Firms drew funds on a massive scale from preexisting credit lines in anticipation of cash flow and …
D Autor, D Cho, LD Crane, M Goldar, B Lutz… - Journal of Public …, 2022 - Elsevier
Abstract The Paycheck Protection Program (PPP), a principal element of the fiscal stimulus enacted by Congress in response to the COVID-19 economic shock, was intended to assist …