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 2013 threefold increase in the French dividend tax rate. Using
administrative data covering the universe of firms from 2008 to 2017 and a quasi …

We analyze the U-shaped effect of economic development, indicated by GDP per capita, on
income inequality. Using extensive data from European Union (EU) countries, we find that at …

I study how financial technology reshapes competition among banks. I exploit quasi-random
variation in exposure to the introduction of Brazil's Pix, an instant payment system, and show …

Abstract Changes to access to credit can potentially cause changes to the returns to various
factors—general equilibrium (GE) effects. This paper considers changes in wages, prices of …

What role does bank presence play in improving health? To explore this question, I use a
policy of the Reserve Bank of India from 2005 that incentivizes banks to set up new …

We study the role of Export Credit Agencies—the predominant tool of industrial policy—on
firm behavior by using the effective shutdown of the Export-Import Bank of the United States …

This paper investigates the impact of banking competition on corporate labor income share
in China. Utilizing hand-collected unique data on bank branches within a certain distance of …

We investigate whether unequal access explains why low-income and Black households
use bank branches less than high-income and White households, despite relying on them …

We propose a model with local spatial markets and heterogeneous agents to understand
and evaluate the geographic expansion of bank branches after banking deregulation in …