We study the impact of bank credit on firm productivity. We exploit a matched firm-bank database covering all the credit relationships of Italian corporations,

The Italian economy has been struggling with low productivity growth and bank balance sheet strains. This paper examines the implications for firm productivity

swollen with deutschemarks and yen newly created to purchase unwanted dollars from the markets. When the Bundesbank and the Bank of Japan began to raise their i

Although it is widely accepted that financial development is associated with higher growth, the evidence on the channels through which credit affects growth on

Financial institutions are key to allocate capital to its most productive uses. In order to examine the relationship between productivity and bank credit in the