The Effects of Competition in Consumer Credit Markets FRB of Philadelphia (2018-11-20)
Using changes in financial regulation that create exogenous entry in some consumer credit markets, we find that increased competition induces banks to become more specialized and efficient, while deposit rates increase a .. more |
Stigma? What stigma? A contribution to the debate on financial market effects of IMF lending ECB (2018-11-20)
In the policy debate on the effectiveness of the Global Financial Safety Net, concerns have been raised that expectations of adverse effects of IMF programmes may deter countries from asking for an IMF programme when the .. more |
Financial structure and income inequality BIS (2018-11-20)
This paper empirically investigates the link between financial structure and income inequality. Using data for a panel of 97 economies over the period 1989-2012, we find that the relationship is not monotonic. Up to a po .. more |