Im Zusammenhang mit dem Klimawandel wird der Einsatz grüner Antriebstechnologien im Automobilbereich seit einiger Zeit verstärkt diskutiert. Viele Regierungen zahlen bereits Kaufprämien oder ähnliches für Elektroautos und Co. Die deutsche Bundesregierung hält sich damit bisher zurück.Die...

We use project-level information for the largest regional economic development program in German history to study how government subsidies to firms affect credit markets. We identify credit market responses by considering both, bank lending and firm borrowing during 1998-2019. We find that...

This paper shows that illiquidity in short-term credit markets during the financial crisis may have sharply curtailed the supply of non-bank consumer credit. Using a new data set linking every car sold in the United States to the credit supplier involved in each transaction, we show that the...

Illiquidity in short-term credit markets during the financial crisis might have severely curtailed the supply of non-bank consumer credit. Using a new data set linking every car sold in the United States to the credit supplier involved in each transaction, we find that the collapse of the...