Background papers

 

Background papers

Session 1

"Breaking the shackles: Zombie firms, weak banks and depressed restructuring in Europe", by Dan Andrews and Filippos Petroulakis. 

"Allocative efficiency and finance", by Andrea Linarello, Andrea Petrella and Enrico Sette.

"The aggregate effects of credit market frictions: Evidence from firm-level default assessments", by Timothy Besley, Isabelle Roland and John Van Reenen.

Session 2

"Financial frictions and the great productivity slowdown", by Romain Duval, Gee Hee Hong and Yannick Timmer.

"Credit supply and productivity growth", by Francesco Manaresi and Nicola Pierri.

"The cleansing effect of banking crises", by Reint Gropp, Joerg Rocholl and Vahid Saadi.

Session 3

"Monetary Policy, factor allocation and growth", by Ryan Banerjee, Enisse Kharroubi and Fabrizio Zampolli.

"Debt Overhang, Rollover Risk, and Corporate Investment: Evidence from the European Crisis", by Sebnem Kalemli-Özcan, Luc Laeven and David Moreno.

"Distressed banks, distorted decisions?", by Gareth Anderson, Rebecca Riley and Garry Young.