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This paper evaluates the ináuence of Önancial development on the global operations of multinational Örms. Using detailed U.S. data, we provide evidence that host-country Önancial devel...
What determines the choice of countries' trade partners? We show theoretically and empirically thatnancial market imperfections affect the number and identity of exporters' destinations. Big...
We examine the extent to which financial market development impacts the diffusion of 16 major technologies, looking across 55 countries, from 1870 to 2000. We find that greater depth in financial mark...
In 1980, India nationalized its large private banks. This induced different bank ownership patterns across different towns, allowing credible identification of the effects of bank ownership on financi...
We show that institutions that promote financial development ease borrowing constraints by lowering the collateral spread and shifting the composition of acceptable collateral towards firm-specific as...

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