The China syndrome affects banks: the credit supply channel of foreign import competition (Updated February 2020)
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Cortés, Kristle Romero & Strahan, Philip E., 2017.
"Tracing out capital flows: How financially integrated banks respond to natural disasters,"
Journal of Financial Economics, Elsevier, vol. 125(1), pages 182-199.
- Kristle Romero Cortes & Philip E. Strahan, 2014. "Tracing Out Capital Flows: How Financially Integrated Banks Respond to Natural Disasters," Working Papers (Old Series) 1412, Federal Reserve Bank of Cleveland.
- Kristle Romero Cortes & Philip E. Strahan, 2015. "Tracing Out Capital Flows: How Financially Integrated Banks Respond to Natural Disasters," Working Papers (Old Series) 14-12R, Federal Reserve Bank of Cleveland.
- Feenstra, Robert C. & Ma, Hong & Xu, Yuan, 2019.
"US exports and employment,"
Journal of International Economics, Elsevier, vol. 120(C), pages 46-58.
- Robert C. Feenstra & Hong Ma & Yuan Xu, 2017. "US Exports and Employment," NBER Chapters, in: Trade and Labor Markets, National Bureau of Economic Research, Inc.
- Robert C. Feenstra & Hong Ma & Yuan Xu, 2017. "US Exports and Employment," NBER Working Papers 24056, National Bureau of Economic Research, Inc.
- Jie Gan, 2007. "The Real Effects of Asset Market Bubbles: Loan- and Firm-Level Evidence of a Lending Channel," The Review of Financial Studies, Society for Financial Studies, vol. 20(6), pages 1941-1973, November.
- Stein, Jeremy C, 1997.
"Internal Capital Markets and the Competition for Corporate Resources,"
Journal of Finance, American Finance Association, vol. 52(1), pages 111-133, March.
- Jeremy C. Stein, 1995. "Internal Capital Markets and the Competition for Corporate Resources," NBER Working Papers 5101, National Bureau of Economic Research, Inc.
- Glenn Ellison & Edward L. Glaeser & William R. Kerr, 2010.
"What Causes Industry Agglomeration? Evidence from Coagglomeration Patterns,"
American Economic Review, American Economic Association, vol. 100(3), pages 1195-1213, June.
- Glenn Ellison & Edward L. Glaeser & William R. Kerr, 2007. "What Causes Industry Agglomeration? Evidence from Coagglomeration Patterns," Harvard Business School Working Papers 07-064, Harvard Business School.
- William Kerr & Edward Glaeser & Glenn Ellison, 2007. "What Causes Industry Agglomeration? Evidence from Coagglomeration Patterns," Working Papers 07-13, Center for Economic Studies, U.S. Census Bureau.
- Glenn Ellison & Edward L. Glaeser & William Kerr, 2007. "What Causes Industry Agglomeration? Evidence from Coagglomeration Patterns," NBER Working Papers 13068, National Bureau of Economic Research, Inc.
- Mihir A. Desai & C. Fritz Foley & Kristin J. Forbes, 2008. "Financial Constraints and Growth: Multinational and Local Firm Responses to Currency Depreciations," The Review of Financial Studies, Society for Financial Studies, vol. 21(6), pages 2857-2888, November.
- Delgado, J. & Salas, V. & Saurina, J., 2007.
"Joint size and ownership specialization in bank lending,"
Journal of Banking & Finance, Elsevier, vol. 31(12), pages 3563-3583, December.
- Javier Delgado & Vicente Salas-Fumás & Jesús Saurina, 2006. "The joint size and ownership specialization in banks' lending," Working Papers 0606, Banco de España.
- Vicente Cuñat & Dragana Cvijanović & Kathy Yuan, 2018.
"Within-Bank Spillovers of Real Estate Shocks,"
The Review of Corporate Finance Studies, Society for Financial Studies, vol. 7(2), pages 157-193.
- Cuñat, Vicente & Cvijanovic, Dragana & Yuan, Kathy, 2018. "Within-bank spillovers of real estate shocks," LSE Research Online Documents on Economics 87374, London School of Economics and Political Science, LSE Library.
- Erik P. Gilje & Elena Loutskina & Philip E. Strahan, 2016. "Exporting Liquidity: Branch Banking and Financial Integration," Journal of Finance, American Finance Association, vol. 71(3), pages 1159-1184, June.
- Xu, Jin, 2012. "Profitability and capital structure: Evidence from import penetration," Journal of Financial Economics, Elsevier, vol. 106(2), pages 427-446.
- Jacopo Timini, 2018. "The drivers of Italian exports and product market entry: 1862-1913 (Updated August 2020)," Working Papers 1836, Banco de España, revised Aug 2020.
- Johan Hombert & Adrien Matray, 2018. "Can Innovation Help U.S. Manufacturing Firms Escape Import Competition from China?," Journal of Finance, American Finance Association, vol. 73(5), pages 2003-2039, October.
- Gabriel Chodorow-Reich, 2014. "The Employment Effects of Credit Market Disruptions: Firm-level Evidence from the 2008-9 Financial Crisis," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(1), pages 1-59.
- Gabriel Chodorow-Reich, "undated". "The Employment Effects of Credit Market Disruptions: Firm-level Evidence from the 2008-09 Financial Crisis," Working Paper 90811, Harvard University OpenScholar.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Kilian Huber, 2021.
"Are Bigger Banks Better? Firm-Level Evidence from Germany,"
Journal of Political Economy, University of Chicago Press, vol. 129(7), pages 2023-2066.
- Kilian Huber, 2020. "Are Bigger Banks Better? Firm-Level Evidence from Germany," Working Papers 2020-172, Becker Friedman Institute for Research In Economics.
- Kilian Huber, 2021. "Are Bigger Banks Better? Firm-Level Evidence from Germany," NBER Working Papers 28767, National Bureau of Economic Research, Inc.
- Huber, Kilian, 2020. "Are bigger banks better?: firm level evidence from Germany," LSE Research Online Documents on Economics 108497, London School of Economics and Political Science, LSE Library.
- Huber, Kilian, 2021. "Are Bigger Banks Better? Firm-Level Evidence from Germany," CEPR Discussion Papers 15769, C.E.P.R. Discussion Papers.
- Kilian Huber, 2020. "Are Bigger Banks Better? Firm-Level Evidence from Germany," CESifo Working Paper Series 8746, CESifo.
- Huber, Kilian, 2020. "Are bigger banks better? Firm-level evidence from Germany," LSE Research Online Documents on Economics 118853, London School of Economics and Political Science, LSE Library.
- Kilian Huber, 2020. "Are bigger banks better? Firm-level evidence from Germany," CEP Discussion Papers dp1735, Centre for Economic Performance, LSE.
- Vicente Cuñat & Dragana Cvijanović & Kathy Yuan, 2018.
"Within-Bank Spillovers of Real Estate Shocks,"
The Review of Corporate Finance Studies, Society for Financial Studies, vol. 7(2), pages 157-193.
- Cuñat, Vicente & Cvijanovic, Dragana & Yuan, Kathy, 2018. "Within-bank spillovers of real estate shocks," LSE Research Online Documents on Economics 87374, London School of Economics and Political Science, LSE Library.
- Doerr, Sebastian & Schaz, Philipp, 2021. "Geographic diversification and bank lending during crises," Journal of Financial Economics, Elsevier, vol. 140(3), pages 768-788.
- Kilian Huber, 2015.
"The Persistence of a Banking Crisis,"
Discussion Papers
1532, Centre for Macroeconomics (CFM).
- Huber, Kilian, 2015. "The persistence of a banking crisis," LSE Research Online Documents on Economics 65010, London School of Economics and Political Science, LSE Library.
- Kilian Huber, 2015. "The Persistence of a Banking Crisis," CEP Discussion Papers dp1389, Centre for Economic Performance, LSE.
- Huber, Kilian, 2018. "Disentangling the effects of a banking crisis: evidence from German firms and counties," LSE Research Online Documents on Economics 87410, London School of Economics and Political Science, LSE Library.
- Huber, Kilian, 2015. "The persistence of a banking crisis," LSE Research Online Documents on Economics 87162, London School of Economics and Political Science, LSE Library.
- Izadi, Mohammad & Saadi, Vahid, 2023. "Banking Market Structure and Trade Shocks," Journal of Banking & Finance, Elsevier, vol. 153(C).
- Steven Poelhekke & Razvan Vlahu & Vadym Volosovych, 2021. "Corporate Acquisitions and Bank Relationships," Working Papers 726, DNB.
- Rehbein, Oliver, 2018. "Flooded through the back door: Firm-level effects of banks' lending shifts," IWH Discussion Papers 4/2018, Halle Institute for Economic Research (IWH).
- Tomas Williams & Pablo Slutzky & Mauricio Villamizar-Villegas, 2019. "Drug Money and Bank Lending: The Unintended Consequences of Anti-Money Laundering Policies," Working Papers 2019-5, The George Washington University, Institute for International Economic Policy, revised May 2020.
- Smolyansky, Michael, 2019. "Policy externalities and banking integration," Journal of Financial Economics, Elsevier, vol. 132(3), pages 118-139.
- Sebastian Doerr & Thomas Drechsel & Donggyu Lee, 2022.
"Income Inequality and Job Creation,"
Staff Reports
1021, Federal Reserve Bank of New York.
- Sebastian K. Doerr & Thomas Drechsel & Donggyu Lee, 2024. "Income Inequality and Job Creation," NBER Working Papers 33137, National Bureau of Economic Research, Inc.
- Doerr, Sebastian & Drechsel, Thomas & Lee, Donggyu, 2022. "Income Inequality and Job Creation," CEPR Discussion Papers 17342, C.E.P.R. Discussion Papers.
- Berger, Allen N. & Molyneux, Phil & Wilson, John O.S., 2020. "Banks and the real economy: An assessment of the research," Journal of Corporate Finance, Elsevier, vol. 62(C).
- Alan Xiaochen Feng, 2018. "Bank Competition, Risk Taking, and their Consequences: Evidence from the U.S. Mortgage and Labor Markets," IMF Working Papers 2018/157, International Monetary Fund.
- John (Jianqiu) Bai & Daniel Carvalho & Gordon M. Phillips, 2018.
"The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity,"
Journal of Finance, American Finance Association, vol. 73(6), pages 2787-2836, December.
- John (Jianqiu) Bai & Daniel Carvalho & Gordon Phillips*, 2016. "The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity," Working Papers 16-26, Center for Economic Studies, U.S. Census Bureau.
- John (Jianqiu) Bai & Daniel Carvalho & Gordon M. Phillips, 2017. "The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity," NBER Working Papers 24081, National Bureau of Economic Research, Inc.
- Ferrando, Annalisa & Mulier, Klaas, 2022. "The real effects of credit constraints: Evidence from discouraged borrowers," Journal of Corporate Finance, Elsevier, vol. 73(C).
- João Amador & Arne J. Nagengast, 2015.
"The Effect of Bank Shocks on Firm-Level and Aggregate Investment,"
Working Papers
w201515, Banco de Portugal, Economics and Research Department.
- Amador, João & Nagengast, Arne J., 2016. "The effect of bank shocks on firm-level and aggregate investment," Working Paper Series 1914, European Central Bank.
- Amador, João & Nagengast, Arne J., 2016. "The effect of bank shocks on firm-level and aggregate investment," Discussion Papers 20/2016, Deutsche Bundesbank.
- Federico, Stefano & Hassan, Fadi & Rappoport-Redondo, Veronica, 2019.
"Trade shocks and credit reallocation,"
LSE Research Online Documents on Economics
103422, London School of Economics and Political Science, LSE Library.
- Stefano Federico & Fadi Hassan & Veronica Rappoport, 2020. "Trade shocks and credit reallocation," Temi di discussione (Economic working papers) 1289, Bank of Italy, Economic Research and International Relations Area.
- Rappoport, Veronica & Federico, Stefano & Hassan, Fadi, 2020. "Trade Shocks and Credit Reallocation," CEPR Discussion Papers 14792, C.E.P.R. Discussion Papers.
- Stefano Federico & Fadi Hassan & Veronica Rappoport, 2019. "Trade shocks and credit reallocation," CEP Discussion Papers dp1649, Centre for Economic Performance, LSE.
- Stefano Federico & Fadi Hassan & Veronica Rappoport, 2023. "Trade Shocks and Credit Reallocation," NBER Working Papers 31111, National Bureau of Economic Research, Inc.
- Sebastian Doerr & Philipp Schaz, 2018.
"Bank loan supply during crises: the importance of geographic diversification,"
ECON - Working Papers
288, Department of Economics - University of Zurich, revised Mar 2019.
- Sebastian Doerr & Philipp Schaz, 2019. "Bank loan supply during crises: the importance of geographic diversification," BIS Working Papers 827, Bank for International Settlements.
- Glancy, David, 2021.
"Housing bust, bank lending & employment: Evidence from multimarket banks,"
Journal of Banking & Finance, Elsevier, vol. 127(C).
- David P. Glancy, 2017. "Housing Bust, Bank Lending & Employment : Evidence from Multimarket Banks," Finance and Economics Discussion Series 2017-118, Board of Governors of the Federal Reserve System (U.S.).
- Krusell, Per & Rudanko, Leena, 2016.
"Unions in a frictional labor market,"
Journal of Monetary Economics, Elsevier, vol. 80(C), pages 35-50.
- Leena Rudanko & Per Krusell, 2011. "Unions in a Frictional Labor Market," 2011 Meeting Papers 320, Society for Economic Dynamics.
- Per Krusell & Leena Rudanko, 2016. "Unions in a frictional labor market," Working Papers 16-7, Federal Reserve Bank of Philadelphia.
- Leena Rudanko & Per Krusell, 2012. "Unions in a Frictional Labor Market," Boston University - Department of Economics - Working Papers Series WP2012-014, Boston University - Department of Economics.
- Rudanko, Leena & Krusell, Per, 2015. "Unions in a frictional labor market," LSE Research Online Documents on Economics 86277, London School of Economics and Political Science, LSE Library.
- Leena Rudanko & Per Krusell, 2015. "Unions in a Frictional Labor Market," Discussion Papers 1531, Centre for Macroeconomics (CFM).
- Per Krusell & Leena Rudanko, 2012. "Unions in a Frictional Labor Market," NBER Working Papers 18218, National Bureau of Economic Research, Inc.
- Gabriel Chodorow‐Reich & Antonio Falato, 2022.
"The Loan Covenant Channel: How Bank Health Transmits to the Real Economy,"
Journal of Finance, American Finance Association, vol. 77(1), pages 85-128, February.
- Gabriel Chodorow-Reich & Antonio Falato, 2017. "The Loan Covenant Channel: How Bank Health Transmits to the Real Economy," NBER Working Papers 23879, National Bureau of Economic Research, Inc.
More about this item
Keywords
trade shock; bank loans; banks’ portfolio reallocation; credit register; real effects;All these keywords.
JEL classification:
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- F65 - International Economics - - Economic Impacts of Globalization - - - Finance
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BAN-2019-04-01 (Banking)
- NEP-COM-2019-04-01 (Industrial Competition)
- NEP-EEC-2019-04-01 (European Economics)
- NEP-FDG-2019-04-01 (Financial Development and Growth)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bde:wpaper:1908. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ángel Rodríguez. Electronic Dissemination of Information Unit. Research Department. Banco de España (email available below). General contact details of provider: https://edirc.repec.org/data/bdegves.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.