Banking globalization, local lending, and labor market effects : Micro-level evidence from Brazil

Show simple item record

dc.contributor Bank of Finland
dc.contributor.author Noth, Felix
dc.contributor.author Busch, Matias Ossandon
dc.date.accessioned 2017-06-14T10:47:30Z
dc.date.available 2017-06-14T10:47:30Z
dc.date.issued 2017
dc.identifier.isbn 978-952-323-168-9
dc.identifier.issn 1456-5889
dc.identifier.uri https://helda.helsinki.fi/bof/handle/123456789/14744
dc.description.abstract This paper estimates the effect of a foreign funding shock to banks in Brazil after the collapse of Lehman Brothers in September 2008. Our robust results show that bank-specic shocks to Brazilian parent banks negatively affected lending by their individual branches and trigger real economic consequences in Brazilian municipalities: More affected regions face restrictions in aggregated credit and show weaker labor market performance in the aftermath which documents the transmission mechanism of the global financial crisis to local labor markets in emerging countries. The results represent relevant information for regulators concerned with the real effects of cross-border liquidity shocks.
dc.format.extent 70
dc.language.iso ENG
dc.rights https://helda.helsinki.fi/bof/copyright
dc.subject Bofit-kokoelma
dc.subject SP
dc.subject RP ST
dc.subject pankkitoiminta
dc.subject Brasilia
dc.subject.other financial crisis
dc.subject.other international shock transmission
dc.subject.other bank lending
dc.subject.other regional labor markets
dc.title Banking globalization, local lending, and labor market effects : Micro-level evidence from Brazil
dc.type Paper
dc.identifier.urn URN:NBN:fi:bof-201706141354
dc.subject.jel E24
dc.subject.jel E44
dc.subject.jel G01
dc.subject.jel G21
dc.series.name BOFIT Discussion Papers
dc.series.year 2017
dc.series.number 11/2017
dc.series.sortingnumber 0011
dc.date.publication 14.6.2017
dc.subject.yso pankit
dc.subject.yso työmarkkinat
dc.subject.yso luotot
dc.subject.yso rahoitusmarkkinat
dc.subject.yso rahoitus
dc.subject.yso luotonanto
dc.subject.yso häiriöt
dc.subject.yso kriisit
dc.contributor.orgunit Institute for Economies in Transition (BOFIT)
bof-internal.includedInCRIS 1
dc.type.okm D4

Files in this item

Total number of downloads: Loading...

Files Size Format View
dp1117.pdf 603.0Kb PDF View/Open

This item appears in the following Collection(s)

Show simple item record