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to (i) the liquidity regulation of AMs and (ii) the solvency regulation of IIs can improve upon the competitive …
Persistent link: https://www.econbiz.de/10012511085
has partial control over bank regulation it can exercise regulatory lenience. Two, the Fed's stronger output orientation … procyclical capital regulation. - Monetary policy ; capital regulation ; crisis …
Persistent link: https://www.econbiz.de/10003986675
We analyze jointly optimal carbon pricing and leverage regulation in a model with financial constraints and endogenous … physical climate risks have a substantial impact on collateral values. Additionally introducing leverage regulation can be …
Persistent link: https://www.econbiz.de/10014315161
The rise of bond financing in EuropeUsing large panel data of public and private firms, this paper dissects the growth of bond financing in the Euro Area through the lens of the cross-section of issuers. In recent years, the composition of bond issuers has shifted, with the entry of many smaller...
Persistent link: https://www.econbiz.de/10013198743
We propose a new methodology to recover firm-time varying financial constraints from firms' production behavior. We model financial constraints as the profitability that firms forgo when budget constraints on production inputs bind, impeding them from using the optimal level of inputs and...
Persistent link: https://www.econbiz.de/10012241106
We study the effects of the diversification of funding sources on the financing conditions for firms. We exploit a regulatory reform which took place in Italy in 2012, i.e., the introduction of "minibonds", which opened a new market-based funding opportunity for unlisted firms. Using the Italian...
Persistent link: https://www.econbiz.de/10012390449
We explore whether the transparency in banks' lending activities enhances the harmonization of credit terms that a bank offers across its different geographic regions. We take advantage of a novel loan-level reporting initiative by the European Central Bank, which requires repo borrowing banks...
Persistent link: https://www.econbiz.de/10012154163
Persistent link: https://www.econbiz.de/10002555017
Persistent link: https://www.econbiz.de/10001820911
decisions. If going far beyond this, in particular if successfully influencing policy makers to unnecessarily tighten regulation …
Persistent link: https://www.econbiz.de/10011658573