We study the impact of bank credit on firm productivity. We exploit a matched firm-bank database covering all the credit relationships of Italian corporations,

The effect of bank capital on lending is a critical determinant of the linkage between financial conditions and real activity, and has received especial attenti

The seeming failure of loose monetary policy to reactivate Japan’s economy has led some observers to suggest that the usual credit channels through which mone

Written by an economist and an investment professional, this book addresses the twin crises that the world is facing in the form of a simultaneous financial and

We provide a comprehensive empirical characterization of the linkages between key macroeconomic and financial variables around business and financial cycles for