The views expressed here are personal and do not necessarily reflect those of the European Central Bank or the Eurosystem. This is a substantially revised version of a paper that previously appeared with the title “Bank Finance versus Bond Finance: What Explains the Differences between the United States and Europe?” We thank participants at the SED, ESWC, and EEA meetings, at the conferences on DSGE Models and the Financial Sector in Eltville, on Competition, Stability and Integration in European Banking in Brussels, on Policy Relevant Modeling for Central Banks in Zurich, on Macroeconomic Perspectives of Productivity Gaps in Florence, and seminar participants at the ECB, Bank of Portugal and Bocconi University. We also thank J. Chada, N. Kiyotaki, A. Schabert, and J. Suarez for their comments. This research was supported by the Deutsche Forschungsgemeinschaft through the SFB 649 Economic Risk and by the RTN network MAPMU. This research has been supported by the NSF Grant SES-0922550.
Bank Finance versus Bond Finance
Article first published online: 27 SEP 2011
© 2011 The Ohio State University
Journal of Money, Credit and Banking
Volume 43, Issue 7, pages 1399–1421, October 2011
How to Cite
DE FIORE, F. and UHLIG, H. (2011), Bank Finance versus Bond Finance. Journal of Money, Credit and Banking, 43: 1399–1421. doi: 10.1111/j.1538-4616.2011.00429.x
- Issue published online: 27 SEP 2011
- Article first published online: 27 SEP 2011
- Received July 9, 2008; and accepted in revised form April 13, 2011.
Options for accessing this content:
- If you are a society or association member and require assistance with obtaining online access instructions please contact our Journal Customer Services team.
- If your institution does not currently subscribe to this content, please recommend the title to your librarian.
- Login via other institutional login options http://onlinelibrary.wiley.com/login-options.
- You can purchase online access to this Article for a 24-hour period (price varies by title)
- New Users: Please register, then proceed to purchase the article.
Login via OpenAthens
Search for your institution's name below to login via Shibboleth.
Registered Users please login:
- Access your saved publications, articles and searches
- Manage your email alerts, orders and subscriptions
- Change your contact information, including your password
Please register to:
- Save publications, articles and searches
- Get email alerts
- Get all the benefits mentioned below!