Credit supply, post-acquisition performance and financial constraints

How does a housing boom affect credit to non-housing firms? Using bank, firm, and loan-level microdata, we show that the Spanish housing boom reduced non-housing credit growth during its first years, but stimulated it later on. These patterns can be rationalized by financial constraints for banks. Constrained banks initially accommodated higher housing credit demand by reducing non-housing credit. Eventually, however, the housing boom increased bank net worth and expanded credit supply. A quantitative model, disciplined by our cross-sectional estimates, indicates that the crowding-out effect was substantial but temporary, and had been fully absorbed by the end of the boom. (JEL E32, E44, G21, R21, R31)

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The Period of Financial Distress in Speculative Markets: Interacting Heterogeneous Agents and Financial Constraints

PsycEXTRA Dataset ◽

10.1037/e401892008-001 ◽

2006 ◽

Cited By ~ 5

Author(s):

Mauro Gallegati ◽

Antonio Palestrini ◽

Barkley Rosser

Keyword(s):

Financial Distress ◽

Financial Constraints ◽

Heterogeneous Agents

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Prediction of target acquisition performance of aerial observers and photointerpreters with and without stereoscopic aids.

PsycEXTRA Dataset ◽

10.1037/e425412004-001 ◽

1973 ◽

Cited By ~ 2

Author(s):

Conrad L. Kraft ◽

Charles D. Anderson

Keyword(s):

Target Acquisition ◽

Acquisition Performance

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Making Discretionary Money Last: Financial Constraints Increase Preference for Material Purchases by Focusing Consumers on Longevity

PsycEXTRA Dataset ◽

10.1037/e509992015-069 ◽

2014 ◽

Author(s):

Stephanie M. Tully ◽

Hal E. Hershfield ◽

Tom Meyvis

Keyword(s):

Financial Constraints ◽

Material Purchases

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Soldier-in-the-Loop Target Acquisition Performance Prediction Through 2001: Integration of Perceptual and Cognitive Models

PsycEXTRA Dataset ◽

10.1037/e534942006-001 ◽

2006 ◽

Author(s):

Barry D. Vaughan

Keyword(s):

Performance Prediction ◽

Cognitive Models ◽

Target Acquisition ◽

Acquisition Performance

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Markets for Purchased Farm Inputs

Voprosy Ekonomiki ◽

10.32609/0042-8736-2005-6-60-71 ◽

2005 ◽

pp. 60-71

Author(s):

E. Serova ◽

O. Shick

Keyword(s):

Agricultural Policy ◽

Financial Constraints ◽

Information Sources ◽

Animal Feed ◽

Government Policies ◽

Market Institutions ◽

Policy Makers ◽

Government Organizations ◽

The Impact ◽

Farm Inputs

Russian policy makers argue that agriculture suffers from decapitalization due to financial constraints faced by producers. This view is the basis for the national agricultural policy, which emphasizes reimbursement of input costs and substitutes government and quasi-government organizations for missing market institutions. The article evaluates the availability of purchased farm inputs, the efficiency of their use, the main problems in the emergence of market institutions, and the impact of government policies. The analysis focuses on five groups of purchased inputs: farm machinery, fertilizers, fuel, seeds, and animal feed. The information sources include official statistics and data from two original surveys.

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Ties to the outside: An exploration of faculty interactions with external organizations

Higher Education Politics & Economics ◽

10.32674/hepe.v4i1.9 ◽

2018 ◽

Vol 4 (1) ◽

pp. 295-313 ◽

Cited By ~ 1

Author(s):

Karley A Riffe

Keyword(s):

Study Design ◽

Financial Constraints ◽

Academic Discipline ◽

Faculty Members ◽

Faculty Work ◽

Case Study Design ◽

Low Resource ◽

Faculty Interactions ◽

Embedded Case Study

Faculty work now includes market-like behaviors that create research, teaching, and service opportunities. This study employs an embedded case study design to evaluate the extent to which faculty members interact with external organizations to mitigate financial constraints and how those relationships vary by academic discipline. The findings show a similar number of ties among faculty members in high- and low-resource disciplines, reciprocity between faculty members and external organizations, and an expanded conceptualization of faculty work.

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