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Corporate credit and leverage in the EU: Recent evolution, main drivers and financial stability implications
Beck, Thorsten; Peltonen, Tuomo; Perotti, Enrico C.; … - 2023
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
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Applications or approvals: What drives racial disparities in the Paycheck Protection Program?
Chernenko, Sergey; Kaplan, Nathan; Sarkar, Asani; … - 2023
We use the 2020 Small Business Credit Survey to study the sources of racial disparities in use of the Paycheck …
Persistent link: https://www.econbiz.de/10014480565
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The effects of bank mergers on small business lending in Germany
Bloch, Thomas - 2008
availability of credit to small businesses which has been further fueled by empirical studies that partly confirm a reduction in …
Persistent link: https://www.econbiz.de/10010269737
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The global credit boom: Challenges for macroeconomics and policy
Hume, Michael; Sentance, Andrew - 2009
The recent financial crisis has put the spotlight on the rapid rise in credit which preceded it. In this paper, we … provide an empirical and theoretical analysis of the credit boom and the macroeconomic context in which it developed. We find … economies in which it took place. We show that this type of credit and financial cycle is hard to reconcile with existing …
Persistent link: https://www.econbiz.de/10010277874
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The Tsunami: Measures of Contagion in the 2007–2008 Credit Crunch
Dungey, Mardi - In: CESifo Forum 09 (2008) 4, pp. 33-43
Persistent link: https://www.econbiz.de/10011695911
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Has the Basel II Accord Encouraged Risk Management During the 2008-09 Financial Crisis?
McAleer, Michael; Jimenez-Martin, Juan-Angel; … - 2009
The Basel II Accord requires that banks and other Authorized Deposit-taking Institutions (ADIs) communicate their daily risk forecasts to the appropriate monetary authorities at the beginning of each trading day, using one or more risk models to measure Value-at-Risk (VaR). The risk estimates of...
Persistent link: https://www.econbiz.de/10010326056
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Liquidity hoarding and interbank market spreads: the role of counterparty risk
Heider, Florian; Hoerova, Marie; Holthausen, Cornelia - 2009
We study the functioning and possible breakdown of the interbank market in the presence of counterparty risk. We allow banks to have private information about the risk of their assets. We show how banks’ asset risk affects funding liquidity in the interbank market. Several interbank market...
Persistent link: https://www.econbiz.de/10011605172
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A macro stress testing framework for assessing systemic risks in the banking sector
Henry, Jérôme (contributor); Kok, Christoffer (contributor) - 2013
The use of macro stress tests to assess bank solvency has developed rapidly over the past few years. This development was reinforced by the financial crisis, which resulted in substantial losses for banks and created general uncertainty about the banking sector's loss-bearing capacity. Macro...
Persistent link: https://www.econbiz.de/10011606304
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Labor markets and modern economic cycles: The growing role of the sixth Schumpeter-Kontratiev wave
Runiewicz-Wardyn, Ma±gorzata; Rutkowski, Jakub; … - 2024
Persistent link: https://www.econbiz.de/10014581236
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Shifting into digital services: Does a crisis matter and for who?
van der Marel, Erik - 2020
How do trade patterns change after an external shock such as an economic crisis, and is this shift structural? This paper uses a Difference-in-Difference (DID) approach to investigate whether services trade became more digital after the Global Financial Crisis (GFC) in 2008. It finds that the...
Persistent link: https://www.econbiz.de/10014327353