Arbeitspapier

Banking globalization, local lending, and labor market effects: Micro-level evidence from Brazil

Little is known about how banks' domestic funding networks affect the transmission of capital flows reversals to the real economy. Our robust results show that a foreign funding shock to banks in Brazil negatively affects lending by their regional branches, especially when they are subjected to funding fragmentation. This effect triggers a sizable drop in credit and job creation at the municipal level. Our findings suggest that despite substitution possibilities across banks and firms, banks' funding networks matter to explain the distributional effects of foreign financial shocks.

Sprache
Englisch

Erschienen in
Series: IWH Discussion Papers ; No. 7/2017

Klassifikation
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Financial Markets and the Macroeconomy
Financial Crises
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Thema
capital flows reversals
branch funding networks
bank lending
regional labor markets

Ereignis
Geistige Schöpfung
(wer)
Noth, Felix
Ossandon Busch, Matias
Ereignis
Veröffentlichung
(wer)
Leibniz-Institut für Wirtschaftsforschung Halle (IWH)
(wo)
Halle (Saale)
(wann)
2019

Handle
URN
urn:nbn:de:gbv:3:2-112341
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Noth, Felix
  • Ossandon Busch, Matias
  • Leibniz-Institut für Wirtschaftsforschung Halle (IWH)

Entstanden

  • 2019

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