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Household saving behavior and credit constraints in the Euro area
Le Blanc, Julia; Porpiglia, Alessandro; Teppa, Federica; … - 2014
We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity … constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new … harmonized data set collecting detailed information on wealth holdings, consumption and income at the household level. Since the …
Persistent link: https://www.econbiz.de/10010388544
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Microfinance at the margin : experimental evidence from Bosnia and Herzegovina
Augsburg, Britta; Haas, Ralph de; Harmgart, Heike; … - 2014
We use a randomised controlled trial (RCT) to analyse the impact of microcredit on poverty reduction in Bosnia and Herzegovina. The study population are loan appli-cants that would normally have just been rejected based on regular screening. We find that access to credit allowed borrowers to...
Persistent link: https://www.econbiz.de/10010247395
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Exporters, importers and credit constraints
Muûls, Mirabelle - 2012
Persistent link: https://www.econbiz.de/10009671412
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Relaxing credit constraints in emerging economies : the impact of public loans on the performance of Brazilian manufacturers
Ottaviano, Gianmarco I. P.; Sousa, Filipe Lage de - 2014
Persistent link: https://www.econbiz.de/10010464937
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Credit crunches from occasionally binding bank borrowing constraints
Holden, Tom D.; Levine, Paul; Swarbrick, Jonathan M. - 2019
We present a model in which banks and other financial intermediaries face both occasionally binding borrowing constraints, and costs of equity issuance. Near the steady state, these intermediaries can raise equity finance at no cost through retained earnings. However, even moderately large...
Persistent link: https://www.econbiz.de/10011962846
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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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R&D investment under financing constraints
Giebel, Marek; Kraft, Kornelius - 2020
This paper tests for the sensitivity of R&D to financing constraints conditional on restrictions in external financing. Financing constraints of firms are identified by an exogenously calculated rating index. Restrictions in external financing are determined by (i) the specific time period...
Persistent link: https://www.econbiz.de/10012196342
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Credit constraints and the propagation of the Great Depression in Germany
Adam, Marc C.; Jansson, Walter - 2019
We evaluate the role played by loan supply shocks in the decline of investment and industrial production during the Great Depression in Germany from 1927 to 1932. We identify loan supply shocks in the context of a time varying parameter vector autoregression with stochastic volatility. Our...
Persistent link: https://www.econbiz.de/10012040280
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Do firm credit constraints impair climate policy?
Kaldorf, Matthias; Shi, Mengjie - 2024
This paper shows that firm credit constraints impair climate policy. Empirically, firms with tighter credit constraints, measured by their distanceto-default, exhibit a relatively smaller emission reduction after a carbon tax increase. We incorporate this channel into a quantitative DSGE model...
Persistent link: https://www.econbiz.de/10014632344
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Import competition, trade credit and financial frictions in general equilibrium
Esposito, Federico; Hassan, Fadi - 2023
Persistent link: https://www.econbiz.de/10013536508