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...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2008
|
| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 FHI01 HTW01 IOS01 Volltext |
| 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: | 1 Online-Ressource (41 Seiten)) |
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| 520 | 3 | |a 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 | |
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| 650 | 4 | |a Financial systems | |
| 650 | 4 | |a Household | |
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Datensatz im Suchindex
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| spelling | Beck, Thorsten 1967- Verfasser (DE-588)128773197 aut Who Gets The Credit? And Does It Matter? Beck, Thorsten Washington, D.C The World Bank 2008 1 Online-Ressource (41 Seiten)) txt rdacontent c rdamedia cr rdacarrier 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 Online-Ausg 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 Buyukkarabacak, Berrak Sonstige oth Rioja, Felix K. Sonstige (DE-588)171821041 oth Valev, Neven T. Sonstige (DE-588)171851242 oth Beck, Thorsten 1967- Sonstige (DE-588)128773197 oth Beck, Thorsten Who Gets The Credit? http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4661 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Beck, Thorsten 1967- Who Gets The Credit? And Does It Matter? 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 |
| title | Who Gets The Credit? And Does It Matter? |
| title_auth | Who Gets The Credit? And Does It Matter? |
| title_exact_search | Who Gets The Credit? And Does It Matter? |
| title_exact_search_txtP | Who Gets The Credit? And Does It Matter? |
| title_full | Who Gets The Credit? And Does It Matter? Beck, Thorsten |
| title_fullStr | Who Gets The Credit? And Does It Matter? Beck, Thorsten |
| title_full_unstemmed | Who Gets The Credit? And Does It Matter? Beck, Thorsten |
| title_short | Who Gets The Credit? |
| title_sort | who gets the credit and does it matter |
| title_sub | And Does It Matter? |
| topic | 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 |
| topic_facet | 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 |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4661 |
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