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

Ronald Fischer and Patricio Valenzuela

Economics Letters, 2013, vol. 121, issue 3, 478-481

Abstract: 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.

Keywords: Competition; Financial openness; Financial development (search for similar items in EconPapers)
JEL-codes: F34 G15 G21 G38 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (10)

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Related works:
Working Paper: Financial Openness, Market Structure and Private Credit: An Empirical Investigation (2013)
Working Paper: Financial Openness, Market Structure and Private Credit: An Empirical Investigation (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:121:y:2013:i:3:p:478-481

DOI: 10.1016/j.econlet.2013.10.009

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