Showing 1 - 10 of 12
Persistent link: https://www.econbiz.de/10010376961
We establish basic facts about the external finance premium. Tens of millions of individual loan contracts extended to euro area firms allow studying the determinants of the external finance premium at the country, bank, firm, and contract levels of disaggregation. At the country level, the...
Persistent link: https://www.econbiz.de/10014527119
Persistent link: https://www.econbiz.de/10014394228
Persistent link: https://www.econbiz.de/10014383622
Combining euro-area credit register and carbon emission data, we provide evidence of a climate risk-taking channel in banks' lending policies. Banks charge higher interest rates to firms featuring greater carbon emissions, and lower rates to firms committing to lower emissions, controlling for...
Persistent link: https://www.econbiz.de/10015160646
We analyse the impact of standard and non-standard monetary policy measures on bank profitability. For empirical identification, the analysis focuses on the euro area, thereby exploiting substantial bank and country heterogeneity within a monetary union where the central bank has implemented a...
Persistent link: https://www.econbiz.de/10011732734
Persistent link: https://www.econbiz.de/10014420291
This paper provides a general strategy for analyzing monetary policy in real time which accounts for data uncertainty without explicitly modelling the revision process. The strategy makes use of all the data available from a real-time data matrix and averages model estimates across all data...
Persistent link: https://www.econbiz.de/10010274753
Persistent link: https://www.econbiz.de/10011997708
Persistent link: https://www.econbiz.de/10012010325