How Long to Read Trade Conflicts and Credit Supply Spillovers

How Long Does it Take to Read Trade Conflicts and Credit Supply Spillovers?

It takes the average reader to read Trade Conflicts and Credit Supply Spillovers by Jin Cao

Assuming a reading speed of 250 words per minute. Learn more

Description

In this paper, we examine how a trade conflict's impact on the real economy can be amplified by financial intermediaries. After the Norwegian Nobel Peace Prize Committee awarded the 2010 Nobel Peace Prize to Chinese dissident Liu Xiaobo, China in practice banned imports of Norwegian salmon. The ban was an unexpected trade shock to the Norwegian salmon industry. Using bank balance sheet and credit register data, we trace how this trade shock affected the lending behavior of banks highly exposed to the salmon industry when the shock occurred. We find that, in the years following the trade shock, highly exposed banks cut back lending to non-salmon firms and households by 3-6 percent more than other banks. Furthermore, we find that the reduction in lending was not driven by the erosion of bank capital, but rather by the shift in expectations about the performance of loans to salmon producers, which drove highly exposed banks to increase their loan loss provisions and reduce risk-taking.

How long is Trade Conflicts and Credit Supply Spillovers?

Trade Conflicts and Credit Supply Spillovers by Jin Cao is 0 pages long, and a total of 0 words.

This makes it 0% the length of the average book. It also has 0% more words than the average book.

How Long Does it Take to Read Trade Conflicts and Credit Supply Spillovers Aloud?

The average oral reading speed is 183 words per minute. This means it takes to read Trade Conflicts and Credit Supply Spillovers aloud.

What Reading Level is Trade Conflicts and Credit Supply Spillovers?

Trade Conflicts and Credit Supply Spillovers is suitable for students ages 2 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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