Financial openness, market structure and private credit: An empirical investigation

被引：13
作者：
Fischer, Ronald
Valenzuela, Patricio
机构：
[1] Univ Chile, Ctr Appl Econ, Santiago, Chile
[2] Univ Chile, Dept Ind Engn, Ctr Finance, Santiago, Chile
来源：
ECONOMICS LETTERS | 2013年 / 121卷 / 03期
关键词：
Competition; Financial openness; Financial development;
D O I：
10.1016/j.econlet.2013.10.009
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Consistent with recent theoretical models, this paper finds that financial openness has a positive effect on private credit in economies characterized by a competitive banking sector, but that this effect vanishes and even becomes negative in economies with imperfect banking competition. (C) 2013 Elsevier B.V. All rights reserved.
引用
收藏
页码：478 / 481
页数：4
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