| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15025 |
| DP15025 The Cleansing Effect of Banking Crises | |
| Reint Gropp; Steven Ongena; Joerg Rocholl; Vahid Saadi | |
| 发表日期 | 2020-07-10 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | 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 recapitalization of distressed banks through TARP does not facilitate cleansing. |
| 主题 | Financial Economics |
| 关键词 | Cleansing effect Banking crises Supervisory forbearance Productivity growth |
| URL | https://cepr.org/publications/dp15025 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543974 |
| 推荐引用方式 GB/T 7714 | Reint Gropp,Steven Ongena,Joerg Rocholl,et al. DP15025 The Cleansing Effect of Banking Crises. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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