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Capital and Trade Flows in Europe and the Impact of Enlargement

Piazolo, Daniel; Buch, Claudia M. - 2000

The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet empirical evidence on the possible magnitudes is still scarce. This paper uses four different datasets to estimate the determinants of international asset holdings and trade...

Persistent link: https://www.econbiz.de/10010260439

Demand and supply determinants of loan contract terms in small business lending

Kirschenmann, Karolin - 2010

einen Kredit, der in Lokalwährung nachgefragt wurde, eher in EUR vergibt, wenn sie mehr Refinanzierung in EUR und besonders … Institutionen, die Informationsasymmetrien zu reduzieren vermögen, wichtig sind, um für kleine Firmen den Zugang zu Kredit zu … Kredit zu erhalten, für KMU-Kredite deutlich zurück. Jedoch scheint eine bestehende Kunde-Bank-Beziehung besonders für KMU …

Persistent link: https://www.econbiz.de/10009476202

On the determinants of capital costs in Brazil's manufacturing industries

Dezséri, Kálmán - 1990

The Brazilian economy has undergone profound changes since the early 1970s. During this time, the external and internal economic conditions significantly altered. The two oil shocks, changes of the interest rates on the international capital markets, the following debt crisis, terms of trade...

Persistent link: https://www.econbiz.de/10010275378

Bank loan supply and monetary policy transmission in Germany: An assessment based on matching impulse responses

Huelsewig, Oliver; Mayer, Eric; Wollmershäuser, Timo - 2005

This paper addresses the credit channel in Germany by using aggregate data. We present a stylized model of the banking firm in which banks decide on their loan supply in light of uncertainty about the future course of monetary policy. Applying a vector error correction model (VECM), we estimate...

Persistent link: https://www.econbiz.de/10010276159

Credit bubbles and land bubbles

Reicher, Christopher Phillip - 2010

In modern macroeconomic models it is difficult to obtain explosive price bubbles on assets with positive net supply. This paper shows that it is possible to obtain explosive bubbles in certain situations when assets such as land are used as collateral and lenders are willing to lend freely...

Persistent link: https://www.econbiz.de/10010276408

Money, credit and banking

Berentsen, Aleksander; Camera, Gabriele; Waller, … - 2005

In monetary models in which agents are subject to trading shocks there is typically an ex-post inefficiency in that some agents are holding idle balances while others are cash constrained. This inefficiency creates a role for financial intermediaries, such as banks, who accept nominal deposits...

Persistent link: https://www.econbiz.de/10010277060

Credit supply and output volatility

Cantore, Cristiano; Satchi, Mathan - 2009

The link between aggregate profits and investment has been widely analysed through the impact of profits on net worth and therefore the firm's ability to borrow, in the presence of credit market imperfections. How the business cycle is affected if profits also affect investment through an impact...

Persistent link: https://www.econbiz.de/10010277796

The global credit boom: Challenges for macroeconomics and policy

Hume, Michael; Sentance, Andrew - 2009

The recent financial crisis has put the spotlight on the rapid rise in credit which preceded it. In this paper, we provide an empirical and theoretical analysis of the credit boom and the macroeconomic context in which it developed. We find that the boom was unusually long and associated with...

Persistent link: https://www.econbiz.de/10010277874

Lifecycle impact of alternative higher education finance systems in Ireland

Flannery, Darragh; O'Donoghue, Cathal - 2011

With increasing numbers of young people participating in higher education in Ireland and a heavy reliance of higher education institutions on state funding, the introduction of an alternative finance system for Ireland has been muted over the past number of years. However, no study has been...

Persistent link: https://www.econbiz.de/10010278388

Do interest rates matter? Credit demand in the Dhaka slums

Dehejia, Rajeev; Montgomery, Heather; Morduch, Jonathan - 2005

If the demand for credit by the poor changes little when interest rates increase, lenders can raise fees to cost-covering levels without losing customers. This claim is at the core of sustainable microfinance strategies that aim to provide banking services to the poor while eschewing long-term...

Persistent link: https://www.econbiz.de/10010279744