Following recent crises, cross-border capital flows have declined considerably, and many
advanced countries' banks are retrenching. At the same time, banks from emerging and …

We investigate whether and how the environmental consciousness (greenness for short) of
firms and banks is reflected in the pricing of bank credit. Using a large international sample …

This article investigates the effect of bank lending frictions on employment outcomes. I
construct a new data set that combines information on banking relationships and …

Economists both failed to predict the global financial crisis and underestimated its
consequences for the broader economy. Focusing on the second of these failures, this …

We study how financial inclusion influences bank stability in 36 emerging economies using
bank-level data from more than 1500 commercial banks from 2004–2018. Consistent …

Although cross-border lending has fallen sharply since the crisis, foreign bank presence—
that is,“brick-and-mortar” operations—declined much less. While OECD banks reduced their …

Background Children's early skills are essential for their later success in school. Recent
evidence highlights the importance of early mathematics, relative to reading and …

A severe economic downturn brought on by the COVID-19 pandemic, combined with high
debt levels globally, raises the specter of mounting nonperforming loans (NPLs) in global …

We identify the international credit channel by exploiting Mexican supervisory data sets and
foreign monetary policy shocks in a country with a large presence of European and US …

Purpose This study examines the market reaction to the World Health Organization (WHO)
announcement of the novel coronavirus disease 2019 (COVID-19) as a global pandemic on …