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Costly intermediation, the big push and the big crash

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  • Becsi, Zsolt
  • Wang, Ping
  • Wynne, Mark A.

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  • Becsi, Zsolt & Wang, Ping & Wynne, Mark A., 1999. "Costly intermediation, the big push and the big crash," Journal of Development Economics, Elsevier, vol. 59(2), pages 275-293, August.
    • Handle: RePEc:eee:deveco:v:59:y:1999:i:2:p:275-293
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    1. Mark Gertler, 1988. "Financial structure and aggregate economic activity: an overview," Proceedings, Federal Reserve Bank of Cleveland, pages 559-596.
    2. Mayer, Colin, 1988. "New issues in corporate finance," European Economic Review, Elsevier, vol. 32(5), pages 1167-1183, June.
    3. Cooley Thomas F. & Smith Bruce D., 1995. "Indivisible Assets, Equilibrium, and the Value of Intermediation," Journal of Financial Intermediation, Elsevier, vol. 4(1), pages 48-76, January.
    4. Greenwood, Jeremy & Jovanovic, Boyan, 1990. "Financial Development, Growth, and the Distribution of Income," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 1076-1107, October.
    5. Cooper, Russell & Ejarque, João, 2000. "Financial Intermediation And Aggregate Fluctuations: A Quantitative Analysis," Macroeconomic Dynamics, Cambridge University Press, vol. 4(4), pages 423-447, December.
    6. Diamond, Peter A, 1982. "Aggregate Demand Management in Search Equilibrium," Journal of Political Economy, University of Chicago Press, vol. 90(5), pages 881-894, October.
    7. Boyd, John H. & Prescott, Edward C., 1986. "Financial intermediary-coalitions," Journal of Economic Theory, Elsevier, vol. 38(2), pages 211-232, April.
    8. Mitchell A. Petersen & Raghuram G. Rajan, 1995. "The Effect of Credit Market Competition on Lending Relationships," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(2), pages 407-443.
    9. Douglas W. Diamond, 1984. "Financial Intermediation and Delegated Monitoring," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(3), pages 393-414.
    10. Michael T. Skully (ed.), 1982. "Financial Institutions and Markets in the Far East," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-04121-3, March.
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    12. Williamson, Stephen D., 1986. "Costly monitoring, financial intermediation, and equilibrium credit rationing," Journal of Monetary Economics, Elsevier, vol. 18(2), pages 159-179, September.
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    14. Zsolt Becsi & Ping Wang, 1997. "Financial development and growth," Economic Review, Federal Reserve Bank of Atlanta, vol. 82(Q 4), pages 46-62.
    15. Sussman, Oren & Zeira, Joseph, 1995. "Banking and Development," CEPR Discussion Papers 1127, C.E.P.R. Discussion Papers.
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    18. Zsolt Becsi & Ping Wang & Mark A. Wynne, 1998. "Endogenous market structures and financial development," FRB Atlanta Working Paper 98-15, Federal Reserve Bank of Atlanta.
    19. Pagano, Marco, 1993. "Financial markets and growth: An overview," European Economic Review, Elsevier, vol. 37(2-3), pages 613-622, April.
    20. Michael T. Skully, 1982. "Financial Institutions and Markets in Hong Kong," Palgrave Macmillan Books, in: Michael T. Skully (ed.), Financial Institutions and Markets in the Far East, chapter 2, pages 28-83, Palgrave Macmillan.
    21. Stephen D. Williamson, 1986. "Increasing Returns to Scale in Financial Intermediation and the Non-Neutrality of Government Policy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 53(5), pages 863-875.
    22. Hiromitsu Ishi, 1982. "Financial Institutions and Markets in Japan," Palgrave Macmillan Books, in: Michael T. Skully (ed.), Financial Institutions and Markets in the Far East, chapter 3, pages 84-129, Palgrave Macmillan.
    23. Sang-Woo Nam & Yung-Chul Park, 1982. "Financial Institutions and Markets in South Korea," Palgrave Macmillan Books, in: Michael T. Skully (ed.), Financial Institutions and Markets in the Far East, chapter 4, pages 130-169, Palgrave Macmillan.
    24. R. Glenn Hubbard, 1990. "Asymmetric Information, Corporate Finance, and Investment," NBER Books, National Bureau of Economic Research, Inc, number glen90-1.
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    Cited by:

    1. Randall Morck, 2011. "Finance and Governance in Developing Economies," Annual Review of Financial Economics, Annual Reviews, vol. 3(1), pages 375-406, December.
    2. Jinyoung Hwang & Jong Ha Lee, 2013. "Financial deepening and business cycle volatility in Korea," Applied Financial Economics, Taylor & Francis Journals, vol. 23(21), pages 1693-1700, November.
    3. Jinyoung Hwang & Neville Jiang & Ping Wang, 2007. "Collusion And Overlending," Economic Inquiry, Western Economic Association International, vol. 45(4), pages 691-707, October.
    4. Been-Lon Chen, 2007. "Multiple BGPs in a Growth Model with Habit Persistence," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(1), pages 25-48, February.
    5. Been‐Lon Chen, 2007. "Multiple BGPs in a Growth Model with Habit Persistence," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(1), pages 25-48, February.
    6. Jinyoung Hwang & Neville Nien-Heui Jiang & Ping Wang, 2002. "Financial Collusion and Over-Lending," Vanderbilt University Department of Economics Working Papers 0229, Vanderbilt University Department of Economics, revised Oct 2003.
    7. Minier, Jenny, 2009. "Opening a stock exchange," Journal of Development Economics, Elsevier, vol. 90(1), pages 135-143, September.
    8. Cafer Kaplan & Ferhan Salman, 2007. "Intermediation Costs and Financial Fragility," Working Papers 2008/12, Turkish Economic Association.
    9. Hung, Fu-Sheng & Cothren, Richard, 2002. "Credit market development and economic growth," Journal of Economics and Business, Elsevier, vol. 54(2), pages 219-237.
    10. Been-Lon Chen & Mei Hsu & Chia-Hui Lu, 2007. "Status and Multiple Growth Regimes," IEAS Working Paper : academic research 07-A010, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    11. Fan Wang, 2022. "An Empirical Equilibrium Model of Formal and Informal Credit Markets in Developing Countries," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 46, pages 224-243, October.

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