Matches in SemOpenAlex for { <https://semopenalex.org/work/W2971260552> ?p ?o ?g. }
Showing items 1 to 86 of
86
with 100 items per page.
- W2971260552 abstract "We study how banks' exposure to a sovereign default and a sharp currency devaluation gets transmitted onto the corporate non-financial sector. To do so we use a proprietary data set for the universe of banks and firms in Argentina during the crisis of 2001. We proceed in three steps. First, we exploit the variation in the data at the bank-level to show that there is a negative correlation between banks' pre-crisis exposure to sovereign debt and foreign currency liabilities and their post-crisis lending. Second, we build a model characterized by matching frictions in which firms establish (long-term) relationships with banks that are subject to balance sheet disruptions and derive a set of testable implications. Credit relationships with banks more exposed to the crisis suffer the most (independent of the state of the borrower). However, this relationship level effect might overstate the true cost of the crisis. After the shock, firms with investment opportunities (e.g. exporters after a devaluation) might find profitable to switch lenders, reducing the negative impact on overall credit and activity. Finally, we use linked bank-firm data and data aggregated to the firm level to test the predictions of the model. We find evidence largely consistent with our theory." @default.
- W2971260552 created "2019-09-05" @default.
- W2971260552 creator A5001614509 @default.
- W2971260552 creator A5003406001 @default.
- W2971260552 creator A5004458281 @default.
- W2971260552 creator A5064855514 @default.
- W2971260552 date "2019-10-01" @default.
- W2971260552 modified "2023-10-18" @default.
- W2971260552 title "Relationship Networks in Banking Around a Sovereign Default and Currency Crisis" @default.
- W2971260552 doi "https://doi.org/10.21799/frbp.wp.2019.43" @default.
- W2971260552 hasPublicationYear "2019" @default.
- W2971260552 type Work @default.
- W2971260552 sameAs 2971260552 @default.
- W2971260552 citedByCount "0" @default.
- W2971260552 crossrefType "report-series" @default.
- W2971260552 hasAuthorship W2971260552A5001614509 @default.
- W2971260552 hasAuthorship W2971260552A5003406001 @default.
- W2971260552 hasAuthorship W2971260552A5004458281 @default.
- W2971260552 hasAuthorship W2971260552A5064855514 @default.
- W2971260552 hasBestOaLocation W29712605521 @default.
- W2971260552 hasConcept C10138342 @default.
- W2971260552 hasConcept C120527767 @default.
- W2971260552 hasConcept C126322002 @default.
- W2971260552 hasConcept C139719470 @default.
- W2971260552 hasConcept C141121606 @default.
- W2971260552 hasConcept C144133560 @default.
- W2971260552 hasConcept C162324750 @default.
- W2971260552 hasConcept C17744445 @default.
- W2971260552 hasConcept C178350159 @default.
- W2971260552 hasConcept C183206440 @default.
- W2971260552 hasConcept C186229450 @default.
- W2971260552 hasConcept C199539241 @default.
- W2971260552 hasConcept C2776671347 @default.
- W2971260552 hasConcept C2778300220 @default.
- W2971260552 hasConcept C2778782394 @default.
- W2971260552 hasConcept C2781300812 @default.
- W2971260552 hasConcept C2994482091 @default.
- W2971260552 hasConcept C30589699 @default.
- W2971260552 hasConcept C556758197 @default.
- W2971260552 hasConcept C69637215 @default.
- W2971260552 hasConcept C70455891 @default.
- W2971260552 hasConcept C71924100 @default.
- W2971260552 hasConcept C73283319 @default.
- W2971260552 hasConcept C94625758 @default.
- W2971260552 hasConceptScore W2971260552C10138342 @default.
- W2971260552 hasConceptScore W2971260552C120527767 @default.
- W2971260552 hasConceptScore W2971260552C126322002 @default.
- W2971260552 hasConceptScore W2971260552C139719470 @default.
- W2971260552 hasConceptScore W2971260552C141121606 @default.
- W2971260552 hasConceptScore W2971260552C144133560 @default.
- W2971260552 hasConceptScore W2971260552C162324750 @default.
- W2971260552 hasConceptScore W2971260552C17744445 @default.
- W2971260552 hasConceptScore W2971260552C178350159 @default.
- W2971260552 hasConceptScore W2971260552C183206440 @default.
- W2971260552 hasConceptScore W2971260552C186229450 @default.
- W2971260552 hasConceptScore W2971260552C199539241 @default.
- W2971260552 hasConceptScore W2971260552C2776671347 @default.
- W2971260552 hasConceptScore W2971260552C2778300220 @default.
- W2971260552 hasConceptScore W2971260552C2778782394 @default.
- W2971260552 hasConceptScore W2971260552C2781300812 @default.
- W2971260552 hasConceptScore W2971260552C2994482091 @default.
- W2971260552 hasConceptScore W2971260552C30589699 @default.
- W2971260552 hasConceptScore W2971260552C556758197 @default.
- W2971260552 hasConceptScore W2971260552C69637215 @default.
- W2971260552 hasConceptScore W2971260552C70455891 @default.
- W2971260552 hasConceptScore W2971260552C71924100 @default.
- W2971260552 hasConceptScore W2971260552C73283319 @default.
- W2971260552 hasConceptScore W2971260552C94625758 @default.
- W2971260552 hasLocation W29712605521 @default.
- W2971260552 hasLocation W29712605522 @default.
- W2971260552 hasOpenAccess W2971260552 @default.
- W2971260552 hasPrimaryLocation W29712605521 @default.
- W2971260552 hasRelatedWork W18866691 @default.
- W2971260552 hasRelatedWork W25125871 @default.
- W2971260552 hasRelatedWork W28181753 @default.
- W2971260552 hasRelatedWork W28405524 @default.
- W2971260552 hasRelatedWork W38060910 @default.
- W2971260552 hasRelatedWork W41254189 @default.
- W2971260552 hasRelatedWork W41809616 @default.
- W2971260552 hasRelatedWork W42333176 @default.
- W2971260552 hasRelatedWork W43387960 @default.
- W2971260552 hasRelatedWork W9535772 @default.
- W2971260552 isParatext "false" @default.
- W2971260552 isRetracted "false" @default.
- W2971260552 magId "2971260552" @default.
- W2971260552 workType "paratext" @default.