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| Tekijä: | Giannetti, M. |
| Otsikko: | Bank-firm relationships and contagious banking crises |
| Lehti: | Journal of Money, Credit and Banking
2003 : APR, VOL. 35:2, p. 239-261 |
| Asiasana: | Banking Financial crises |
| Vapaa asiasana: | Contagion |
| Kieli: | eng |
| Tiivistelmä: | It is argued in this paper that in an open economy a banking system with close bank-firm relationships may be easily subject to contagious banking crises because it is difficult to distinguish between "crony capitalism" and "good" main bank relationship. The author shows that, if international investors cannot distinguish the bank type, the distinction between crony capitalism and good main bank relationships becomes very fuzzy. |
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