Showing 1 - 10 of 336
in the banking sector. Instead, the strategic use of risk models can be avoided by imposing penalties on banks with low …
Persistent link: https://www.econbiz.de/10013059120
bank credit conditions for issuer firms, both at the firm-bank and firm level. We compare new loans granted to issuer firms … bank loans of the same maturity than non-issuer firms, suggesting an improvement in their bargaining power with banks. In … addition, issuer firms reduce the amount of used bank credit but increase the overall amount of available external funds …
Persistent link: https://www.econbiz.de/10013314794
in the banking sector. Instead, the strategic use of risk models can be avoided by imposing penalties on banks with low …
Persistent link: https://www.econbiz.de/10011605686
bank credit conditions for issuer firms, both at the firm-bank and firm level. We compare new loans granted to issuer firms … bank loans of the same maturity than non-issuer firms, suggesting an improvement in their bargaining power with banks. In … addition, issuer firms reduce the amount of used bank credit but increase the overall amount of available external funds …
Persistent link: https://www.econbiz.de/10012422170
We analyze jointly optimal carbon pricing and leverage regulation in a model with financial constraints and endogenous climate-related transition and physical risks. The socially optimal emissions tax is below the Pigouvian benchmark (equal to the direct social cost of emissions) when emissions...
Persistent link: https://www.econbiz.de/10014374688
We assess the impact of the corporate sector purchase programme (CSPP), the corporate arm of the ECB's quantitative easing, over its first year of activity (June 2016 - June 2017). Focusing on the primary bond market, we find evidence of a significant impact of the CSPP on yield spreads, both...
Persistent link: https://www.econbiz.de/10012142107
We assess the impact of the corporate sector purchase programme (CSPP), the corporate arm of the ECB's quantitative easing, over its first year of activity (June 2016 – June 2017). Focusing on the primary bond market, we find evidence of a significant impact of the CSPP on yield spreads, both...
Persistent link: https://www.econbiz.de/10012872189
We analyze jointly optimal carbon pricing and leverage regulation in a model with financial constraints and endogenous climate-related transition and physical risks. The socially optimal emissions tax is below the Pigouvian benchmark (equal to the direct social cost of emissions) when emissions...
Persistent link: https://www.econbiz.de/10014354928
We provide evidence that a weak banking sector has contributed to low productivity growth following the European … natural experiment to study the effects of reduced bank capital adequacy on productivity. Affected banks respond not only by …
Persistent link: https://www.econbiz.de/10012889191
This paper builds a macro-prudential tool designed to assess whether the banking sector is adequately prepared to … banking sector and the real sector is established via the corporate sector channel. The macro-prudential tool consists of a … order to capture the feedback effects from the macroeconomic stance into the banking sector, via the corporate sector …
Persistent link: https://www.econbiz.de/10013075928