Arbeitspapier

The cleansing effect of banking crises

We assess the cleansing effects of the recent banking crisis. In U.S. regions with higher levels of supervisory forbearance on distressed banks during the crisis, there is less restructuring in the real sector and the banking sector remains less healthy for several years after the crisis. Regions with less supervisory forbearance experience higher productivity growth after the crisis with more firm entries, job creation, and employment, wages, patents, and output growth. Supervisory forbearance is greater for state-chartered banks and in regions with weaker banking competition and more independent banks, while recapitalisation of distressed banks through TARP does not facilitate cleansing.

Sprache: Englisch

Erschienen in: Series: IWH Discussion Papers ; No. 12/2020

Klassifikation: Wirtschaft
Financial Crises
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Financial Institutions and Services: Government Policy and Regulation
Institutions and Growth

Thema: cleansing effect
banking crises
supervisory for bearance
productivity growth

Ereignis: Geistige Schöpfung

(wer): Gropp, Reint
Ongena, Steven
Rocholl, Jörg
Saadi, Vahid

Ereignis: Veröffentlichung

(wer): Halle Institute for Economic Research (IWH)

(wo): Halle (Saale)

(wann): 2020

Handle: http://hdl.handle.net/10419/222293

URN: urn:nbn:de:101:1-2020071511032570392902

Letzte Aktualisierung: 10.03.2025, 11:41 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.

Objekt beim Datenpartner anzeigen

Objekttyp

Arbeitspapier

Beteiligte

Gropp, Reint
Ongena, Steven
Rocholl, Jörg
Saadi, Vahid
Halle Institute for Economic Research (IWH)

Entstanden

2020

Ähnliche Objekte (12)