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Do macroprudential measures increase inequality? : evidence from the euro area household survey
Georgescu, Oana-Maria; Vila Martin, Diego - 2021
Borrower-based macroprudential (MP) policies - such as caps on loan-to-value (LTV) ratios and debt-service-to-income (DSTI) limits - contain the build-up of systemic risk by reducing the probability and conditional impact of a crisis. While LTV/DSTI limits can increase inequality at...
Persistent link: https://www.econbiz.de/10012547560
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Do Macroprudential Measures Increase Inequality? Evidence from the Euro Area Household Survey
Georgescu, Oana Maria; Martín, Diego Vila - 2021
Borrower-based macroprudential (MP) policies - such as caps on loan-to-value (LTV) ratios and debt-service-to-income (DSTI) limits - contain the build-up of systemic risk by reducing the probability and conditional impact of a crisis. While LTV/DSTI limits can increase inequality at...
Persistent link: https://www.econbiz.de/10013222710
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Systemic usury and the European consumer credit directive
Neuberger, Doris; Reifner, Udo - In: Vierteljahrshefte zur Wirtschaftsforschung 89 (2020) 1, pp. 115-132
Usury is a frequent occurrence in consumer credit markets and particularly affects low-income households. Although the term usury conjures images of a greedy individual consciously acting to exploit the weak bargaining position of another by deceitful and even fraudulent means, we consider it as...
Persistent link: https://www.econbiz.de/10012507235
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Different Business, Same Regulation : Does Homogenous Regulation Succeed in Taming Housing and Financial Market Instability?
Braun, Julia - 2022
The housing and the mortgage lending market are of particular interest to regulators for two reasons. First, housing markets mostly generate a large part of an economy’s GDP. Second, the loans granted to finance residential property account for a major share of an economy's total bank lending....
Persistent link: https://www.econbiz.de/10014239407
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The European Crowdfunding Service Providers Regulation and the Future of Marketplace Lending and Investing in Europe : The ‘Crowdfunding Nature’ Dilemma
Macchiavello, Eugenia - 2020
The European Commission's Proposal for a Regulation on European Crowdfunding Service Providers (ECSPs) for businesses … European Institutions about crowdfunding and on how to regulate it. Nonetheless, they eventually reached an agreement in … crowdfunding main features, will critically and analytically analyze the main aspects of the proposed ECSPs Regulation, with …
Persistent link: https://www.econbiz.de/10012834863
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The European Crowdfunding Service Providers Regulation and the Future of Marketplace Lending and Investing in Europe : the ‘Crowdfunding Nature’ Dilemma (UPDATED JULY 2020)
Macchiavello, Eugenia - 2020
The European Commission's Proposal for a Regulation on European Crowdfunding Service Providers (ECSPs) for businesses … the different views of the three European Institutions about crowdfunding and on how to regulate it. Nonetheless, they …, after briefly describing crowdfunding main features, will critically and analytically analyze the main aspects of the ECSPs …
Persistent link: https://www.econbiz.de/10012826353
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‘What to Expect When You Are Expecting’ a European Crowdfunding Regulation : The Current ‘Bermuda Triangle’ and Future Scenarios for Marketplace Lending and Investing in Europe...
Macchiavello, Eugenia - 2019
-and-see” approach, adopted in March 2018 a proposal for a Regulation on European Crowdfunding Service Providers (ECSPs) for businesses … crowdfunding and the complexity in reaching a common view on the same. The three European Institutions seem in fact to have … divergent views of crowdfunding and different ideas on how to regulate it, this delaying the approval of the proposed Regulation …
Persistent link: https://www.econbiz.de/10012858692
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Uncovering the Outcomes of Equity Crowdfunding : Post-Funding Outcomes of Equity Crowdfunded Firms in Europe
Décarre, Maxence - 2015
The aim of this study is to explore the previously unresearched outcomes of firms funded through equity crowdfunding, a … novel type of entrepreneurial finance. We study the outcomes of a sample of 337 firms funded on equity crowdfunding … to equity crowdfunding campaign-related factors. A main finding is that the firms experience on average a peak in both …
Persistent link: https://www.econbiz.de/10013030990
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Bank risk-taking, securitization, supervision and low interest rates : evidence from the euro area and the U.S. lending standards
Maddaloni, Angela; Peydró, José-Luis - 2010
Using a unique dataset of the Euro area and the U.S. bank lending standards, we find that low (monetary policy) short-term interest rates soften standards, for household and corporate loans. This softening - especially for mortgages - is amplified by securitization activity, weak supervision for...
Persistent link: https://www.econbiz.de/10008659386
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Cross-border liquidity, relationships and monetary policy : evidence from the Euro area interbank crisis
Abbassi, Puriya; Bräuning, Falk; Fecht, Falko; … - 2014 - This version: November 2014
We analyze the impact of financial crises and monetary policy on the supply of wholesale funding liquidity, and also on the compositional supply effects through cross-border and relationship lending. For empirical identification, we draw on the proprietary bank-to-bank European interbank dataset...
Persistent link: https://www.econbiz.de/10010471858