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Chiara Banti
Chiara Banti is Assistant Professor of Finance at the University of Essex. Her research interests are in the fields of international finance, and FX market microstructure. She received her Ph.D. in Finance from Cass Business School, and she holds a Masters in Accounting and Finance from the London School of Economics and Political Science and a degree in Banking and Finance from the University of Pisa.
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From abundant global liquidity to selective lending: How corporate finance has changed
Global credit has experienced significant changes in the last two decades. Analysing data on 1,160 Indian firms for the 2000-2017 period, this article shows that in the period following the global financial crisis, abundant global credit allowed firms to take advantage of relatively cheap financing abroad. However, since 2013, lenders are differentiating across borrowers and firms’ access to external finance has declined, with an associated reduction in their real investment activities.
