Who Gets The Credit? And Does It Matter?
Who Gets The Credit?: And Does It Matter?

While the theoretical and empirical finance literature has focused almost exclusively on enterprise credit, about half of credit extended by banks to the private sector in a sample of 45 developing and developed countries is to households. The share of household credit in total credit increases as c...

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Bibliographische Detailangaben
1. Verfasser: Beck, Thorsten 1967- (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C The World Bank 2008
Schlagworte:
Access to Finance
Bank
Bankruptcy and Resolution of Financial Distress
Banks
Banks and Banking Reform
Credit
Debt Markets
Economic Theory and Research
Enterprise
Enterprise credit
Finance
Finance and Financial Sector Development
Financial Intermediation
Financial systems
Household
Households
Macroeconomics and Economic Growth
Regulatory policies
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Zusammenfassung:While the theoretical and empirical finance literature has focused almost exclusively on enterprise credit, about half of credit extended by banks to the private sector in a sample of 45 developing and developed countries is to households. The share of household credit in total credit increases as countries grow richer and financial systems develop. Cross-country regressions, however, suggest a positive and significant impact on gross domestic product per capita growth only of enterprise but not household credit. These two findings together partly explain why previous studies have found a small or insignificant effect of finance on growth in high-income countries. In addition, countries with a lower share of manufacturing, a higher degree of urbanization, and more market-oriented financial systems have a higher share of household credit. It is thus mostly socio-economic trends that determine credit composition, while policies influencing banking market structure and regulatory policies are not robustly related to credit composition
Beschreibung:Weitere Ausgabe: Beck, Thorsten : Who Gets The Credit?
Beschreibung:1 Online-Ressource (1 online resource (41 p.))
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