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Corporates' dependence on banks : the impact of ECB corporate sector purchases
Bats, Joost - 2020
Persistent link: https://www.econbiz.de/10012162410
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Collateral eligibility of corporate debt in the Eurosystem
Pelizzon, Loriana; Riedel, Max; Simon, Zorka; … - 2020 - This draft: April 2020
We study how the Eurosystem Collateral Framework for corporate bonds helps the European Central Bank (ECB) fulfill its policy mandate. Using the ECBs eligibility list, we identify the first inclusion date of both bonds and issuers. We find that due to the increased supply and demand for...
Persistent link: https://www.econbiz.de/10012208484
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Quantitative easing in the euro area and SMEs' access to finance : who benefits the most?
Funk, Anne Kathrin - 2018
’s Public Sector Purchase Programme (PSPP) on the access to finance of small and medium sized enterprises (SME) using firm …
Persistent link: https://www.econbiz.de/10011977350
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Quantitative easing in the euro area and SMEs access to finance : who benefits the most?
Funk, Anne Kathrin - 2019
After the global financial crisis and during the European sovereign debt crisis, bank lending to companies in the euro area slowed down dramatically, bringing the economy close to a credit crunch. It was only after the start of the European Central Bank (ECB) quantitative easing programme in...
Persistent link: https://www.econbiz.de/10011970956
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Finance access of SMEs : what role for the ECB?
Belke, Ansgar - 2013
Kleine und mittlere Unternehmen (KMU) in südlichen Euro-Volkswirtschaften wie Italien und Spanien zahlen seit längerem … immer größer. Es wird häufig argumentiert, dass ein gravierendes Marktversagen den Zugang der KMU in südlichen Ländern zu … Verbesserung des Finanzmarktzugangs für KMU, die sowohl den EU-Institutionen als auch der EZB im Rahmen ihres Mandats zur Sicherung …
Persistent link: https://www.econbiz.de/10009779172
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Finance access of SMEs : what role for the ECB?
Belke, Ansgar - 2013
Small and medium size enterprises (SMEs) of southern euro-area economies (e.g. Italy, Spain) pay significantly higher borrowing rates than their peers of the core (e.g. Germany, France) and this divergence is widening. It is argued that severe market failures prevent SMEs in southern euro area...
Persistent link: https://www.econbiz.de/10010255130
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Sovereign stress, unconventional monetary policy, and SME access to finance
Ferrando, Annalisa; Popov, Alexander; Udell, Gregory F. - 2015
Persistent link: https://www.econbiz.de/10011288624
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Clusters and the new growth path for Europe
Ketels, Christian H.; Protsiv, Sergiy - 2013
This paper outlines elements of a conceptual framework that clarifies the role that clusters play relative to government policies and actions of individual companies in supporting the emergence of "High Road"-strategies that lead to better New Growth Path-related outcomes. It then focuses on...
Persistent link: https://www.econbiz.de/10010432439
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The bond lending channel of monetary policy
Darmouni, Olivier; Giesecke, Oliver; Rodnyansky, Alexander - 2020
Persistent link: https://www.econbiz.de/10012237715