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Macroeconomics without the LM: A Post-Keynesian Perspective
Palley, Thomas - 2008
Romer (2000) provides an alternative model to the AS/AD and IS/LM models that abandons the LM schedule by having the short-term interest rate set by the central bank. His framework acknowledges the critical role of the central bank in determining short-term interest rates, which moves mainstream...
Persistent link: https://www.econbiz.de/10009467791
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Turkey: macro-financial situation
Berganza, Juan Carlos; Sánchez Pastor, Paula; Lara …
Artículo de revista ; As in other countries, the effect of the pandemic and the global recession on the Turkish economy was mitigated by the fiscal, financial and monetary support implemented by the country’s authorities. In fact, Turkey was one of the few economies of significant size to...
Persistent link: https://www.econbiz.de/10012525887
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Empirical analysis of corporate credit lines
Jiménez Zambrano, Gabriel; López, José A.; Saurina … - 2008
Since bank credit lines are a major source of corporate funding, we examine the determinants of credit line usage with a comprehensive database of Spanish corporate credit lines. A line’s default status is a key factor driving its usage, which increases as a firm’s financial condition...
Persistent link: https://www.econbiz.de/10012530215
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The recent slowdown of bank lending in Spain : are supply-side factors relevant?
Hernando Castellet, Ignacio; Villanueva López, Ernesto - 2012
Using information of the balance sheets of Spanish banks between 1995 and 2009, we estimate the average impact of … desde 1995 hasta 2009 para estimar el efecto del crecimiento del capital bancario sobre la evolución del crédito a empresas … sector de promoción inmobiliaria experimentaron en 2009 un menor crecimiento de su capital y, después de 2008, un mayor …
Persistent link: https://www.econbiz.de/10012530235
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No bank, one bank, several banks : does it matter for investment?
Karaivanov, Alexander; Ruano Pardo, Sonia; Saurina … - 2010
This paper examines whether financial constraints affect firms’ investment decisions for older (larger) firms. We compare a group of unbanked firms to firms that rely on formal financing. Specifically, we combine data from the Spanish Mercantile Registry and the Bank of Spain Credit Registry...
Persistent link: https://www.econbiz.de/10012530292
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Did the bank capital relief induced by the supporting factor enhance SME lending?
Mayordomo Gómez, Sergio; Rodríguez Moreno, María - 2017
Este trabajo ha recibido el primer Premio Federico Prades para jóvenes economistas de la Fundación AEB (Asociación Española de Banca) ; La introducción del factor de soporte del crédito a las pequeñas y medianas empresas (pymes) —conocido como SME SF, por sus siglas en inglés—...
Persistent link: https://www.econbiz.de/10012530588
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Turkey: macro-financial situation
Sánchez Pastor, Paula
Artículo de revista ; In 2021, the Turkish economy continued to be highly influenced by the course of the COVID-19 pandemic. Turkey has been more dynamic than other emerging economies since the start of the pandemic, but faces a number of macro-financial challenges as a result of imbalances...
Persistent link: https://www.econbiz.de/10012662458
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The effect of TLTRO III on Spanish credit institutions´ balance sheets
Castillo Lozoya, María del Carmen; Esteban …
Artículo de revista ; With the onset of the COVID-19 crisis, the ECB’s Governing Council modified the conditions of the TLTRO III, aiming to facilitate the flow of bank credit to the real economy. The new conditions encouraged an unprecedented level of take-up of the Eurosystem’s...
Persistent link: https://www.econbiz.de/10013199059
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Turkey: macro-financial situation
Sánchez Pastor, Paula
Rationale. Turkey is identified annually as a material country for the Spanish and euro area banking systems. Moreover, Turkey and Spain are linked by major trade and financial flows. It is therefore important to monitor the country’s macro-financial situation and main weaknesses. Takeaways....
Persistent link: https://www.econbiz.de/10013496657
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Türkiye: macro-financial situation
Sánchez Pastor, Paula; Melgar Rozúa, Alejandro; Río …
Rationale Türkiye is identified annually as a material country for the Spanish and euro area banking systems. Moreover, both are linked to Türkiye by major trade and financial flows. It is therefore important to monitor the country’s macro-financial situation and main weaknesses. Takeaways...
Persistent link: https://www.econbiz.de/10014442859