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

Ronald Fischer; Patricio Valenzuela

doi:10.1016/j.econlet.2013.10.009

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

Ronald Fischer
, Patricio Valenzuela

Research output: Contribution to journal › Article › peer-review

13 Scopus citations

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.

Original language	English
Pages (from-to)	478-481
Number of pages	4
Journal	Economics Letters
Volume	121
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2013.10.009
State	Published - Dec 2013
Externally published	Yes

Keywords

Competition
Financial development
Financial openness

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10.1016/j.econlet.2013.10.009

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

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 development, Financial openness",

author = "Ronald Fischer and Patricio Valenzuela",

year = "2013",

month = dec,

doi = "10.1016/j.econlet.2013.10.009",

language = "English",

volume = "121",

pages = "478--481",

journal = "Economics Letters",

issn = "0165-1765",

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T1 - Financial openness, market structure and private credit

T2 - An empirical investigation

AU - Fischer, Ronald

AU - Valenzuela, Patricio

PY - 2013/12

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N2 - 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.

AB - 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.

KW - Competition

KW - Financial development

KW - Financial openness

UR - https://www.scopus.com/pages/publications/84886400807

U2 - 10.1016/j.econlet.2013.10.009

DO - 10.1016/j.econlet.2013.10.009

M3 - Article

AN - SCOPUS:84886400807

SN - 0165-1765

VL - 121

SP - 478

EP - 481

JO - Economics Letters

JF - Economics Letters

IS - 3

ER -

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

Abstract

Keywords

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