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
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Englisch
- Erschienen in
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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)
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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
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Objekttyp
- Arbeitspapier
Beteiligte
- Noth, Felix
- Ossandon Busch, Matias
- Leibniz-Institut für Wirtschaftsforschung Halle (IWH)
Entstanden
- 2019