Abstract
Original language | English |
---|---|
Pages (from-to) | 144-147 |
Number of pages | 3 |
Journal | Economics Letters |
Volume | 135 |
DOIs | |
Publication status | Published - Oct 2015 |
Externally published | Yes |
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Keywords
- financial crisis
- industrial growth
- credit crunch
- leverage
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How does financial market structure affect the impact of a banking crisis? / Bijlsma, Michiel; Dubovik, Andrei; Straathof, B.
In: Economics Letters, Vol. 135, 10.2015, p. 144-147.Research output: Contribution to journal › Article › Scientific › peer-review
TY - JOUR
T1 - How does financial market structure affect the impact of a banking crisis?
AU - Bijlsma, Michiel
AU - Dubovik, Andrei
AU - Straathof, B.
PY - 2015/10
Y1 - 2015/10
N2 - We find a more negative impact of a financial crisis on growth of industrial sectors in developed countries that are more dependent on external finance, also when controlling for omitted variables by including country–time, industry–time and country–industry fixed effects. This differential effect is stronger in countries with a more leveraged financial sector, while it is unaffected by the depth of financial markets.
AB - We find a more negative impact of a financial crisis on growth of industrial sectors in developed countries that are more dependent on external finance, also when controlling for omitted variables by including country–time, industry–time and country–industry fixed effects. This differential effect is stronger in countries with a more leveraged financial sector, while it is unaffected by the depth of financial markets.
KW - financial crisis
KW - industrial growth
KW - credit crunch
KW - leverage
U2 - 10.1016/j.econlet.2015.08.019
DO - 10.1016/j.econlet.2015.08.019
M3 - Article
VL - 135
SP - 144
EP - 147
JO - Economics Letters
JF - Economics Letters
SN - 0165-1765
ER -