We propose an integrated framework to discuss the empirical literature on the local
determinants of agglomeration effects. We start by presenting the theoretical mechanisms …

We find evidence of a bank lending channel operating in the euro area via bank risk.
Financial innovation and the wider use of new ways of transferring credit risk have tended to …

We use a dynamic general equilibrium model featuring a banking sector to assess the
interaction between macroprudential policy and monetary policy. We find that in “normal” …

This paper examines whether industrial agglomeration can promote new-type urbanization
in Pearl River Delta urban agglomeration of China. By building dynamic spatial Dubin …

A large body of literature has shown that small firms experience difficulties in accessing the
credit market due to informational asymmetries. Banks can overcome these asymmetries …

A substantial literature has investigated the role of relationship lending in shielding
borrowers from idiosyncratic shocks. Much less is known about how lending relationships …

The level of service-industry development has become an important symbol of the
competitiveness and influence of cities. The study of the dynamic evolution characteristics …

This paper presents new evidence on the patterns of price and wage adjustment in
European firms and on the extent of nominal rigidities. It uses a unique dataset collected …

The paper argues that the traditional difficulty encountered in finding evidence on the effects
of credit availability on economic activity depends on the fact that these effects are powerful …

An argument for relationship marketing strategies from a community organization approach
in a development context is presented in this paper. Emphasis is on the conflict among …