Arbeitspapier
Trade and Credit Reallocation: How Banks Help Shape Comparative Advantage
Trade and innovation cause structural change. Productive factors must flow from declining to growing industries. Banks play a major role in cutting credit to non-viable firms in downsizing sectors and in providing new credit to finance investment in expanding, innovative sectors. Structural parameters of a country’s banking system thus influence comparative advantage and trade, and can magnify the gains from trade liberalization. The analysis shows how insolvency laws, minimum capital standards, and cost of bank equity determine credit reallocation, sectoral expansion and trade patterns.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 7398
- Klassifikation
-
Wirtschaft
Trade: General
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Financial Institutions and Services: Government Policy and Regulation
- Thema
-
capital reallocation
banking
trade
comparative advantage
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Keuschnigg, Christian
Kogler, Michael
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2018
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Keuschnigg, Christian
- Kogler, Michael
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2018
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