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of central bank liquidity to banks during a financial crisis has a positive impact on banks' credit supply to firms. We … factors at the level of banks. We find that the LTROs enhanced loan supply: according to our baseline estimate, banks … borrowing 1 billion euros from the facility increased their loan supply by 186 million euros over one year. We also find that …
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With regard to the recent US house price cycle, we analyze how the interaction between housing supply restrictions … regulatory supply restrictions. Our results suggest that tighter supply restrictions lead to both a larger house price boom and …, mortgage credit constraints and a price-to-price feedback loop affects house price volatility. Considering 247 Metropolitan …
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attention is paid to supply side restrictions and financial accelerator effects related to subprime lending. Considering 248 … Metropolitan Statistical Areas across the entire US, we estimate a simultaneous boom-bust system for housing prices and supply. The … model includes non-linear regional specific supply elasticities, determined by geographical and regulatory supply …
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crisis, we observe (not estimate) limit order demand and supply curves for individual stocks. Both curves have demonstrably … financial variables revert to pre-crisis norms. Superimposed upon this common long-term modulation, individual stocks' supply … demand curve, it tends simultaneously to exhibit an unusually inelastic supply curve, and vice versa. These findings have …
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crisis, we observe (not estimate) limit order demand and supply curves for individual stocks. Both curves have demonstrably … financial variables revert to pre-crisis norms. Superimposed upon this common long-term modulation, individual stocks' supply … demand curve, it tends simultaneously to exhibit an unusually inelastic supply curve, and vice versa. These findings have …
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