This paper surveys the literature to document the main stylized facts, risks, and policy
challenges related to the expansion of global nonfinancial corporate debt after the 2008–09 …

Starting in the early 1990s, countries in southern Europe experienced low productivity
growth alongside declining real interest rates. We use data for manufacturing firms in Spain …

We establish currency as an important factor shaping global portfolios. Using a new security-
level data set, we demonstrate that investor holdings are biased toward their own currencies …

We show that foreign capital liberalization reduces capital misallocation and increases
aggregate productivity for affected industries in India. The staggered liberalization of access …

This paper investigates the causal effect of capital account liberalization on corporate
maturity mismatch of financing and investment and further explores the role of bank …

Country's technology progress and innovation development not only depends on internal
knowledge stock and human capital, but also external financial resources. This paper …

Credit supply expansion can affect an economy by increasing productive capacity or by
boosting household demand. In this study, we develop a test to determine if the household …

Abstract Recent reforms across Eastern European countries have given more flexibility and
information to parties to engage in secured debt transactions. The menu of assets legally …

We provide evidence that the deregulation of US state banking markets leads to a significant
increase in the relative employment and capital growth of local firms with higher productivity …

Productivity is an always-hotly-debated issue within the EU agricultural policymaking,
particularly concerning the effect of subsidies distributed via the Common Agricultural Policy …