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How does P2P lending fit into the consumer credit market?
Roure, Calebe de; Pelizzon, Loriana; Tasca, Paolo - 2016
Why do retail consumers look for P2P financial intermediation? Are internetbased peer-to-peer (P2P) loans a substitute for or a complement to bank loans? In this study we answer these questions by comparing P2P lending with the nonconstruction consumer credit market in Germany. We show that P2P...
Persistent link: https://www.econbiz.de/10011520643
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Financial crises and shadow banks : a quantitative analysis
Rottner, Matthias - 2022
Motivated by the build-up of shadow bank leverage prior to the financial crisis of 2007-2008, I develop a nonlinear macroeconomic model featuring excessive leverage accumulation and endogenous financial crises to capture the observed dynamics and to quantify the build-up of financial fragility....
Persistent link: https://www.econbiz.de/10013194657
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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
We analyze the impact of market liquidity on bank lending in the euro area for different segments over the period 2003 to 2016. Our results on the aggregate level show that market liquidity is positively related to loan volumes and negatively related to credit spreads. Particularly during the...
Persistent link: https://www.econbiz.de/10011897986
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Financial protectionism: the first tests
Rose, Andrew; Wieladek, Tomasz - 2011
We provide the first empirical tests for financial protectionism, defined as a nationalistic change in bank's lending behaviour, as the result of public intervention, which leads domestic banks either to lend less or at higher interest rates to foreigners. We use a bank-level panel data set...
Persistent link: https://www.econbiz.de/10009125050
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Financial markets and the allocation of capital : the role of productivity
Di Mauro, Filippo; Hassan, Fadi; Ottaviano, Gianmarco I. P. - 2018
Persistent link: https://www.econbiz.de/10011883870
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Prices, policing and policy : the dynamics of crime booms and busts
Kirchmaier, Tom; Machin, Stephen; Sandi, Matteo; Witt, … - 2018
Persistent link: https://www.econbiz.de/10011882032
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Understanding alcohol consumption across countries
Clements, Kenneth W.; Lan, Yihui; Liu, Haiyan - 2019
Persistent link: https://www.econbiz.de/10012208711
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Sudden stop : supply and demand shocks in the German natural gas market
Güntner, Jochen; Reif, Magnus; Wolters, Maik H. - 2024
information about supply cuts for identification and find that gas supply and demand shocks have large and persistent price … effects, while output effects are rather moderate. The 2022 natural gas price spike was driven by adverse flow supply shocks … embargo on natural gas imports from Russia indicate similar positive price and negative output effects compared to what we …
Persistent link: https://www.econbiz.de/10014560154
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The winner's curse : evidence on the danger of aggressive credit growth in banking
Kick, Thomas; Pausch, Thilo; Ruprecht, Benedikt - 2015
Excessive credit creation by banks was at the root of the recent financial crisis. Nevertheless, micro-prudential regulation lacks a clear methodology to identify these banks. Combining arguments from banking and auction theory, we show that overoptimism causes excessive lending, subsequently...
Persistent link: https://www.econbiz.de/10011339814
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Understanding global liquidity
Eickmeier, Sandra; Gambacorta, Leonardo; Hofmann, Boris - 2013
We explore the concept of global liquidity based on a factor model estimated using a large set of financial and macroeconomic variables from 24 advanced and emerging market economies. We measure global liquidity conditions based on the common global factors in the dynamics of liquidity...
Persistent link: https://www.econbiz.de/10009720899