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• W2917652017 abstract "Although government banks are frequently associated with political capture and resource misallocation, they may be well-positioned during times of crisis to provide counter-cyclical support. Following the collapse of Lehman Brothers in September 2008, Brazil׳s government banks substantially increased lending. Localities in Brazil with a high share of government banks received more loans and experienced better employment outcomes relative to localities with a low share of government banks. While increased government bank lending mitigated an economic downturn, we find that this lending was politically targeted, inefficiently allocated, and reduced productivity growth." @default.
• W2917652017 created "2019-03-02" @default.
• W2917652017 creator A5027464504 @default.
• W2917652017 creator A5051439847 @default.
• W2917652017 date "2015-04-01" @default.
• W2917652017 modified "2023-10-14" @default.
• W2917652017 title "Bank ownership, lending, and local economic performance during the 2008–2009 financial crisis" @default.
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• W2917652017 doi "https://doi.org/10.1016/j.jmoneco.2014.11.001" @default.
• W2917652017 hasPubMedCentralId "https://www.ncbi.nlm.nih.gov/pmc/articles/5605152" @default.
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