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Cited by 1,843

The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.

Tracing the Impact of Bank Liquidity Shocks: Evidence from an Emerging Market

Khwaja, Asim Ijaz, Mian, Atif·2008·American Economic Review
DOI 10.1257/aer.98.4.1413
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Abstract

We examine the impact of liquidity shocks by exploiting cross-bank liquidity variation induced by unanticipated nuclear tests in Pakistan. We show that for the same firm borrowing from two different banks, its loan from the bank experiencing a 1 percent larger decline in liquidity drops by an additional 0.6 percent. While banks pass their liquidity shocks on to firms, large firms—particularly those with strong business or political ties—completely compensate this loss by additional borrowing through the credit market. Small firms are unable to do so and face large drops in overall borrowing and increased financial distress. (JEL E44, G21, G32, L25)

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Metadata

Authors
Khwaja, A. I., & Mian, A.
Venue
American Economic Review
Publisher
American Economic Association
Published
2008-08-01
Volume
98
Issue
4
Pages
1413-1442
ISSN
0002-8282 (ISSN-L)
DOI
10.1257/aer.98.4.1413
OpenAlex
W2057009456
Cited by
1,843
References
4
FWCI
46.08
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Tracing the Impact of Bank Liquidity Shocks: Evidence from an Emerging Market. https://app.cochat.ai/papers/10.1257/aer.98.4.1413
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Khwaja, A. I., & Mian, A. (2008). Tracing the Impact of Bank Liquidity Shocks: Evidence from an Emerging Market. American Economic Review. https://doi.org/10.1257/aer.98.4.1413

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.