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Aggregate and regional economic effects of new railway infrastructure
Polasek, Wolfgang; Schwarzbauer, Wolfgang; Sellner, Richard - 2009
Persistent link: https://www.econbiz.de/10003857868
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Aggregate and regional economic effects of new railway infrastructure
Polasek, Wolfgang; Schwarzbauer, Wolfgang; Sellner, Richard - 2009
Economists expect positive returns to investments in infrastructure. However a project with higher national returns might have less favourable effects on a regional level than the alternative. Therefore new infrastructure should also be assessed on a regional level, but econom(etr)ic evaluation...
Persistent link: https://www.econbiz.de/10009734680
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Collateral, default risk, and relationship lending : an empirical study on financial contracting
Elsas, Ralf; Krahnen, Jan Pieter - 2000 - Current draft: February 29, 2000
lending, borrower quality and collateral as a key variable in loan contract design. We used a unique data set based on the … borrower quality and the incidence or degree of collateralization. Our results indicate that the use of collateral in loan … housebanks do require more collateral from their debtors, thereby increasing the borrower's lock-in and strengthening the banks …
Persistent link: https://www.econbiz.de/10009768264
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Financial frictions and foreign direct investment : theory and evidence from Japanese microdata
Raff, Horst; Ryan, Michael; Stähler, Frank - 2015
identify two possible transmission channels from financial shocks to FDI: (i) a collateral channel, whereby changes in the … value of collateral affect investors’ ability to borrow; and (ii) a lending channel, whereby changes in bank health affect …
Persistent link: https://www.econbiz.de/10010491661
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Financial frictions and foreign direct investment : theory and evidence from Japanese microdata
Raff, Horst; Ryan, Michael; Stähler, Frank - 2015
identify two possible transmission channels from financial shocks to FDI: (i) a collateral channel, whereby changes in the … value of collateral affect investors’ ability to borrow; and (ii) a lending channel, whereby changes in bank health affect …
Persistent link: https://www.econbiz.de/10010496990
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Asset encumbrance in euro area banks : analysing trends, drivers and prediction properties for individual bank crises
Berthonnaud, Pierre; Cesati, Enrico; Drudi, Maria Ludovica - 2021
, the availability of high quality collateral suitable for encumbrance, capital and sovereign funding conditions. Third, we …
Persistent link: https://www.econbiz.de/10012617772
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Asset encumbrance and bank risk : theory and first evidence from public disclosures in Europe
Banal-Estañol, Albert; Benito, Enrique; Khametshin, Dmitry - 2021
Persistent link: https://www.econbiz.de/10012793132
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Benchmarking collateral of triple-a rated securities
Sarmiento, Camilo - In: Applied economics letters 27 (2020) 7, pp. 555-558
Persistent link: https://www.econbiz.de/10012205727
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Monetary stimulus amid the infrastructure investment spree : evidence from China's loan-level data
Chen, Kaiji; Gao, Haoyu; Higgins, Patrick; Waggoner, … - 2020
We study the impacts of the 2009 monetary stimulus and its interaction with infrastructure spending on credit allocation. We develop a two-stage estimation approach and apply it to China's loanlevel data that covers all sectors in the economy. We find that except for the manufacturing sector,...
Persistent link: https://www.econbiz.de/10012265180
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Investment in ICT : determinants and economic implications
Fabritz, Nadine - 2015
This study was prepared by Nadine Fabritz while she was working at the Ifo Institute for Economic Research in the Department for Human Capital and Innovation. It was completed in June 2014 and accepted as a doctoral thesis by the Department of Economics at the University of Munich in October...
Persistent link: https://www.econbiz.de/10011742893