Who Gets The Credit? : And Does It Matter? / Beck, Thorsten
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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| Autores principales: | Beck, Thorsten, 1967- |
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| Otros Autores: | Buyukkarabacak, Berrak Rioja, Felix K. Valev, Neven T. |
| Formato: | Online-Resource |
| Lenguaje: | English |
| Publicado: | Washington, D.C : The World Bank, 2008 |
| Materias: | |
| Acceso en línea: | URL des Erstveröffentlichers |
| Sumario: | 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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| Notas: | Weitere Ausgabe: Beck, Thorsten : Who Gets The Credit? |
| Descripción Física: | 1 Online-Ressource (41 Seiten) |
