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This paper uses mortgage data to construct a measure of terms on which households access to external finance, and relates it to consumption at both the aggregate and cohort levels. The Household External Finance (HEF) index is based on the spread paid by risky borrowers in the mortgage market....
Persistent link: https://www.econbiz.de/10003770102
We investigate the transmission of central bank liquidity to bank deposits and loan spreads in Europe over the period from January 2006 to June 2010. We find evidence consistent with an impaired transmission channel due to bank risk. Central bank liquidity does not translate into lower loan...
Persistent link: https://www.econbiz.de/10012155137
This paper examines the effect of reduced self-control on debt-taking in a laboratory experiment. We manipulate self … that people with low self-control have more problems with the repayment of consumption debt, but this relationship is, in …
Persistent link: https://www.econbiz.de/10012500130
to a positive evaluation of central government. Surveys were conducted in Russia and Israel as these countries provide a …
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spillover effects in Russia and Eastern Europe. The hypothesis is tested using OLS estimations of event-based regressions on … monetary policy event dummies and seven financial variables in eleven East European countries including Russia. Overall, the … Europe and Russia. Notably, bilateral integration with the eurozone is a key determinant of the strength of spillovers, with …
Persistent link: https://www.econbiz.de/10012006697