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The impact of German public support transfers on firm finance : evidence from the Covid-19 crisis

Gärtner, Leo; Marek, Philipp - 2022

The economic policy response to COVID-19 lockdowns included a variety of measures. Their effects on non-financial firms, however, remain unclear. To shed light on the effect of transfers, we investigate the effect of German emergency aid transfers (November-December aid), a program designed for...

Persistent link: https://www.econbiz.de/10013205580

The banking systems of Germany, the UK and Spain form a spatial perspective : lessons learned and what is to be done?

Flögel, Franz; Gärtner, Stefan - 2018

This paper re-visits the state of decentralised banking in Germany, Spain and the UK. The cross-country comparison we conducted has identified Germany as having the most decentralised banking system, followed by Spain and the UK, as expected. The development of regional and double-purpose banks,...

Persistent link: https://www.econbiz.de/10011800413

Revisiting the finance and growth nexus : a deeper look at sectors and instruments

Unger, Robert - 2019

market financing, debt or equity financing - seems to be particularly harmful or beneficial for growth. …

Persistent link: https://www.econbiz.de/10011962798

What are the real effects of financial market liquidity? : evidence on bank lending from the euro area

Dombret, Andreas R.; Foos, Daniel; Pliszka, Kamil; … - 2018

negatively related to credit spreads. Particularly during the financial crisis of 2007-09 and the subsequent European debt crisis …

Persistent link: https://www.econbiz.de/10011897986

Detecting excessive credit growth : an approach based on structural counterfactuals

Saß, Magnus - 2024

The Basel credit-to-GDP gap is the single most popular measure of excessive credit growth and the financial cycle in general. It is based, however, on a purely statistical understanding of excessiveness: Growth is excessive if the credit-to-GDP ratio (i.e. the ratio of credit to nominal GDP) is...

Persistent link: https://www.econbiz.de/10015053486

Developers' leverage, capital market financing, and fire sale externalities : evidence from the Thai condominium market

Kanis Saengchote - 2023 - This version: December 6, 2023

Persistent link: https://www.econbiz.de/10014441303

Procyclical leverage in Europe and its role in asset pricing

Baltzer, Markus; Koehl, Alexandra; Reitz, Stefan - 2019

Broker-dealer leverage has recently proven to be strongly procyclical, exhibiting impressive explanatory power for a … balance-sheet indicators for asset pricing. In particular, leverage shows a procyclical behavior with a positive price of risk …. Moreover, high leverage coincides with high asset prices, thereby forecasting lower future returns. …

Persistent link: https://www.econbiz.de/10011987800

Cyclicality of SME lending and government involvement in banks

Behr, Patrick; Foos, Daniel; Norden, Lars - 2015

Recent regulatory efforts aim at lowering the cyclicality of bank lending because of its potential detrimental effects on financial stability and the real economy. We investigate the cyclicality of SME lending by local banks with vs. without a public mandate, controlling for location, size, loan...

Persistent link: https://www.econbiz.de/10011391616

Support for the SME supporting factor : multi-country empirical evidence on systematic risk factor for SME loans

Dietsch, Michel; Düllmann, Klaus; Fraisse, Henri; … - 2016

Using a unique and comprehensive data set on the two largest economies of the Eurozone - France and Germany - this paper first proceeds to a computation of the Gordy formula relaxing the ad hoc sizedependent constraints of the Basel formulas. Our study contributes to Article 501 of the Capital...

Persistent link: https://www.econbiz.de/10011564456

Macro-scaled microcredit and constraints on household business development : evidence from northern Thailand

Archawa Paweenawat; Narapong Srivisal - 2021

Persistent link: https://www.econbiz.de/10012655433