Financial Openness, Market Structure and Private Credit: An Empirical Investigation
Ronald Fischer and
Patricio Valenzuela ()
Additional contact information
Ronald Fischer: University of Chile
Working Papers from University of Pennsylvania, Wharton School, Weiss Center
This paper empirically examines whether the effect of financial openness on private credit depends on the market structure of the banking sector prior liberalization. We find that financial openness has a positive effect on private credit in countries characterized by a highly competitive banking sector. However, this effect vanishes and even becomes negative in countries where the market structure is one of imperfect competition. These findings are consistent with the predictions of recent theoretical models.
JEL-codes: F34 G15 G21 G38 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed
Downloads: (external link)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://fic.wharton.upenn.edu/fic/papers/13/13-26.pdf [301 Moved Permanently]--> https://fic.wharton.upenn.edu/fic/papers/13/13-26.pdf)
Journal Article: Financial openness, market structure and private credit: An empirical investigation (2013)
Working Paper: Financial Openness, Market Structure and Private Credit: An Empirical Investigation (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ecl:upafin:13-26
Access Statistics for this paper
More papers in Working Papers from University of Pennsylvania, Wharton School, Weiss Center Contact information at EDIRC.
Bibliographic data for series maintained by ().