Showing 1 - 10 of 76
Every year over 20 states offer sales tax holidays (STHs) on specific items like clothes, shoes and other items to encourage consumption, effecting over 100 million consumers. We use a unique dataset of credit cards transaction to study the spending response to these holidays. Using a...
Persistent link: https://www.econbiz.de/10010292191
We analyze linked databases on all Small Business Administration (SBA) loans, on all SBA lenders, and on all U … lenders. The estimation results imply an increase of 3-4 jobs for each million dollars of loans, suggesting that credit …-county versus non-SBA county-industry control firms. Finally, for loans issued over the 1992-2007 period, we estimate total job …
Persistent link: https://www.econbiz.de/10011307476
properly managed, perform better than either loans or grants taken in isolation. The core of the intuition, which we develop in …
Persistent link: https://www.econbiz.de/10010323519
Banks provide risky loans to firms which have superior information regarding the quality of their projects. Due to … of low quality, i.e. high risk, loans and therefore reduces the risk of the bank loan portfolio. However, CVaR regulation …
Persistent link: https://www.econbiz.de/10010325499
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of guarantees for German Landesbanken which results in lower credit ratings, higher funding costs, and a loss in franchise value. This removal was announced in 2001, but...
Persistent link: https://www.econbiz.de/10010352115
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of guarantees for German Landesbanken which results in lower credit ratings, higher funding costs, and a loss in franchise value. This removal was announced in 2001, but...
Persistent link: https://www.econbiz.de/10010352433
This paper provides new evidence on the behaviour of euro area aggregate loans to the private sector. Using a sample … covering the last twenty years, a cointegrating vector linking the real stock of loans to a small set of domestic macroeconomic … variables is found. Besides real GDP and prices, this set includes a new measure of the cost of loans obtained as a weighted …
Persistent link: https://www.econbiz.de/10011604248
This paper analyses some fiscal aspects of mortgage debt in the EU. It first describes the main fiscal instruments that governments use to affect mortgage-financed home-ownership. In the empirical part, real mortgage debt growth is analysed for 15 EU countries using pooled regressions. Fiscal...
Persistent link: https://www.econbiz.de/10011604572
loan supply. The empirical evidence shows that loan-rate spread and through this the supply of loans is negatively affected …
Persistent link: https://www.econbiz.de/10011641099
Finance for micro, small, and medium-sized enterprises (MSMEs) has been a concern for all stakeholders including entrepreneurs, financial institutions, and government organizations. The key objective of the study was to identify various challenges faced by MSMEs in sourcing of finance during...
Persistent link: https://www.econbiz.de/10011653783