The Dark-Side of Banks' Nonbank Business: Internal Dividends in Bank Holding Companies FDIC (2018-02-06)
Our study highlights the liquidity and capital pressures created by non-banking activities on banks residing within the same bank holding company (BHC). We use a sample of BHCs with large non-bank subsidiaries between 20 .. more |
Changing Business Dynamism and Productivity: Shocks vs. Responsiveness FRB (2018-02-06)
The pace of job reallocation has declined in all U.S. sectors since 2000. In standard models, aggregate job reallocation depends on (a) the dispersion of idiosyncratic productivity shocks faced by businesses and (b) the .. more |
Debt Traps? Market Vendors and Moneylender Debt in India and the Philippines NBER (2018-02-06)
A debt trap occurs when someone takes on a high-interest rate loan and is barely able to pay back the interest, and thus perpetually finds themselves in debt (often by re-financing). Studying such practices is important .. more |