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documents a growing role of non-bank financial intermediaries in the provision of credit to NFCs. After exploring supply and … reallocation of credit to other sectors or assets. This could generate greater systemic risk through unsustainable valuations or …
Persistent link: https://www.econbiz.de/10014327946
This paper offers a narrative description of Western European monetary policies during the 1980s, seen from a French and European perspective and based on the archives of the General Council of the Bank of France and of the Committee of Governors (CoG) of the central banks of the member states...
Persistent link: https://www.econbiz.de/10015206902
This report analyses tax incentives for SMEs in 20 EU countries and five non-EU countries between 2009-2013. Its findings and recommendations are based on a review of tax codes, modelling of tax burdens using two different models, a descriptive analysis of company financial ratios, and the...
Persistent link: https://www.econbiz.de/10011390417
This paper investigates whether output and inflation respond asymmetrically to credit shocks in the euro area. The … effects related to credit conditions in the economy. Consistent with this finding, the impulse responses show some signs of …
Persistent link: https://www.econbiz.de/10011604527
Persistent link: https://www.econbiz.de/10014459439
discusses the importance of credit developments for both the economy and the functioning of monetary policy, and further … survey for the euro area lies in particular in the way it provides greater insight into developments in credit standards, non …-interest rate credit conditions and terms, the risk perception of banks and the willingness of banks to lend. Credit standards are …
Persistent link: https://www.econbiz.de/10011606175
predictions that have been proposed for the U.S. are deemed unlikely to apply in Europe. Testing these hypotheses we find that … für die USA diesbezüglich vermuteten Gegebenheiten gelten wahrscheinlich nicht für Europa. Die ökonometrische Analyse …
Persistent link: https://www.econbiz.de/10010295715
to test the distributional implications of potential credit market frictions. The results suggest that there is no …
Persistent link: https://www.econbiz.de/10010295823
In the modern economy, cities are assumed to be in fierce competition over attracting foreign investments in leading sectors of the world economy. Despite the rich theoretical discourse on these 'wars', it remains unclear which territories are competing with each other over which types of...
Persistent link: https://www.econbiz.de/10010326399
In a surprisingly growing number of regions in Germany private "regional currencies" are issued as a cash substitute for the euro. Currently, these regional currencies are conceived almost exclusively as Schwundgeld (depreciative currency), which loses value on a predetermined timescale. This...
Persistent link: https://www.econbiz.de/10010295832