Narrow search
Showing 1 - 10 of 817
Cover Image
"Glossy green" banks: The disconnect between environmental disclosures and lending activities
Giannetti, Mariassunta; Jasova, Martina; Loumioti, Maria; … - 2023
Using confidential information on banks' portfolios, inaccessible to market participants, we show that banks that emphasize the environment in their disclosures extend a higher volume of credit to brown borrowers, without charging higher interest rates or shortening debt maturity. These results...
Persistent link: https://www.econbiz.de/10014543654
Cover Image
Why do financial systems differ? History matters
Monnet, Cyril; Quintin, Erwan - 2005
We describe a dynamic model of financial intermediation in which fundamental characteristics of the economy imply a unique equilibrium path of bank and financial market lending. Yet we also show that economies whose fundamental characteristics have converged may continue to have very different...
Persistent link: https://www.econbiz.de/10011604488
Cover Image
Finance and growth: a macroeconomic assessment of the evidence from a European angle
Papaioannou, Elias - 2007
This paper reviews the literature on the finance-growth nexus within a neoclassical growth framework, placing an emphasis on the policy implications in the current European environment, that has placed financial reforms high on the policy Agenda. While more research is needed to establish...
Persistent link: https://www.econbiz.de/10011604833
Cover Image
The export-magnification effect of offshoring
Kleinert, Joern; Zorell, Nico - 2012
analytically in a general equilibrium model with heterogeneous firms that a fall in variable offshoring costs boosts trade in … call the export-magnification effect of offshoring. More specifically, lower barriers to offshoring reduce the average … costs of inputs for offshoring firms and allow more firms to source cheap foreign intermediates, which improves firm …
Persistent link: https://www.econbiz.de/10011605475
Cover Image
The rise of China and India: blessing or curse for the advanced countries?
Stracca, Livio - 2013
This paper evaluates the impact of the rise of large emerging manufacturing exporters such as China and India on economic growth in advanced countries. After illustrating the possible theoretical channels, I estimate a growth regression based on 3-year average data augmented with...
Persistent link: https://www.econbiz.de/10011605665
Cover Image
Global value chains: surveying drivers and measures
Amador, João; Cabral, Sónia - 2014
The production of most goods and services is nowadays vertically fragmented across different countries, as global value chains (GVCs) emerged as the current paradigm for the international organisation of production. This paper surveys part of the growing empirical literature on GVCs, starting by...
Persistent link: https://www.econbiz.de/10011605784
Cover Image
The Export-Magnification Effect of Offshoring
Kleinert, Joern - 2012
analytically in a general equilibrium model with heterogeneous firms that a fall in variable offshoring costs boosts trade in … call the export-magnification effect of offshoring. More specifically, lower barriers to offshoring reduce the average … costs of inputs for offshoring firms and allow more firms to source cheap foreign intermediates, which improves firm …
Persistent link: https://www.econbiz.de/10013107510
Cover Image
A cross-country comparison of market structures in European banking
Davis, E. Philip; De Bandt, Olivier - 1999
In order to assess the effect of EMU on market conditions for banks based in countries which adopt the Single Currency, we use the H indicator suggested by Panzar and Rosse (1987). Our contribution is to assess results separately for large and small banks, and for interest income and total...
Persistent link: https://www.econbiz.de/10011604053
Cover Image
Systemic risk: A survey
De Bandt, Olivier; Hartmann, Philipp - 2000
This paper develops a broad concept of systemic risk, the basic economic concept for the understanding of financial crises. It is claimed that any such concept must integrate systemic events in banking and financial markets as well as in the related payment and settlement systems. At the heart...
Persistent link: https://www.econbiz.de/10011604081
Cover Image
Financial structure and the interest rate channel of ECB monetary policy
Mojon, Benoît - 2000
This paper analyses persistence differences in financial structure across countries of the euro area and whether they can lead to asymmetries in the transmission of the ECB policy. First, the paper examines the pass-through of money market rates to various bank retail rates and measures how this...
Persistent link: https://www.econbiz.de/10011604086