Narrow search
Showing 1 - 10 of 469
Cover Image
Risky financial collateral, firm heterogeneity, and the impact of eligibility requirements
Kaldorf, Matthias; Wicking, Florian - 2021 - This version: February 28, 2021, first version: October 30, 2020
if they are eligible as collateral, and firms increase their leverage and default risk in response. This has adverse … empirical evidence. The central bank faces a trade-off between fostering collateral supply and increased risk-taking on the … that reducing eligibility requirements from A- to BBB- increases collateral supply by 33%, while collateral default risk …
Persistent link: https://www.econbiz.de/10013330589
Cover Image
Interactions between financial markets and macroeconomic variables in EU : a nonlinear modeling approach
Albu, Lucian-Liviu; Lupu, Radu; Călin, Adrian Cantemir - 2015
There is a general acceptance of the fact that a significant direct relationship between financial markets and macroeconomic variables exists, especially by considering the assertion that developed financial markets correspond to high GDP levels. This paper provides an investigation of the...
Persistent link: https://www.econbiz.de/10011480254
Cover Image
Systemic instability of the interbank credit market : a contribution to a resilient financial system
Gries, Thomas; Mitschke, Alexandra - 2019
This theoretical model analyzes the impact of interbank credit market dynamics on the resilience of the financial system. Based on a stochastic model of interbank market credit flows, lending in the interbank market is restricted by the availability of liquidity. Following a shock...
Persistent link: https://www.econbiz.de/10012296413
Cover Image
The financial accelerator in the euro area : new evidence using a mixture VAR model
Bennani, Hamza; Burgard, Jan Pablo; Neuenkirch, Matthias - 2021 - First draft: November 23, 2020 ; this version: May 17, 2021
We estimate a logit mixture vector autoregressive model describing monetary policy transmission in the euro area over the period 2003Q1-2019Q4 with a special emphasis on credit conditions. With the help of this model, monetary policy transmission can be described as mixture of two states (e.g.,...
Persistent link: https://www.econbiz.de/10013328355
Cover Image
Corporate tax reforms with policy uncertainty
Ábrahám, Árpád; Brendler, Pavel; Cárceles-Poveda, Eva - 2019
One important feature of tax reforms, in particular corporate tax reforms, is the uncertainty surrounding them. Are they going to be permanent or are they likely to be withdrawn by the subsequent government? The expected duration of the reform is important because it affects households' economic...
Persistent link: https://www.econbiz.de/10012312024
Cover Image
The impact of uncertainty and financial shocks in recessions and booms
Salzmann, Leonard - 2020
The literature has widely discussed the role of financial and economic uncertainty shocks for the macroeconomy. However, it has turned out to be difficult to isolate these shocks from financial market indicators and uncertainty proxies because any identifying restriction on their response...
Persistent link: https://www.econbiz.de/10012429635
Cover Image
Intertemporal equilibrium with financial asset and physical capital
Le Van, Cuong; Pham, Ngoc-Sang - In: Economic theory : official journal of the Society for … 62 (2016) 1/2, pp. 155-199
Persistent link: https://www.econbiz.de/10011554134
Cover Image
Performance analysis of fundamentally-weighted indices in the Croatian capital market
Zoričić, Davor; Dolinar, Denis; Lovretin Golubić, Zrinka - In: Zagreb international review of economics & business 21 (2018), pp. 43-53
Persistent link: https://www.econbiz.de/10011977609
Cover Image
Information frictions, global capital markets, and the telegraph
Wache, Benjamin - 2021
Do information frictions have a causal impact on the international flow of financial capital? Using the international rollout of telegraph cables in the 19th century, I show causal evidence that reductions in information frictions had a significant and positive impact on the bilateral...
Persistent link: https://www.econbiz.de/10013336039
Cover Image
Monitoring bank performance in the presence of risk
Epure, Mircea; Lafuente, Esteban - In: Journal of productivity analysis 44 (2015) 3, pp. 265-281
Persistent link: https://www.econbiz.de/10011578882