The outbreak of the Covid-19 epidemic has caused some disruption to the real estate market in Vietnam. To survive the Covid-19 pandemic, real estate businesses have rushed to find alternative solutions, proactively approach support packages, and change business strategies. Moreover, the real...

I study the role of firm heterogeneity for the transmission of unconventional monetary policy in the form of "credit policy" à la Gertler and Karadi (2011). To this end, I lay out a Two-Agent New-Keynesian model with financially constrained and unconstrained firms and a financial intermediary...

Banks are reluctant to tap central bank backup liquidity facilities and use the borrowed funds for loans to the real economy. We show that excessively parsimonious borrowing and lending can arise in a stigma-free model where the banking sector has an incentive to overissue deposits. Banks don't...

The outbreak of the Covid-19 epidemic has caused some disruption to the real estate market in Vietnam. To survive the Covid-19 pandemic, real estate businesses have rushed to find alternative solutions, proactively approach support packages, and change business strategies. Moreover, the real...

Refinancing of green credit by the European Central Bank at favourable conditions has received the backing of some economists and policymakers. The article examines the motives put forward to support this proposal, as well as how it could be implemented and how its proponents try to ward off...

Refinancing of green credit by the European Central Bank at favourable conditions has received the backing of some economists and policymakers. The article examines the motives put forward to support this proposal, as well as how it could be implemented and how its proponents try to ward off...

Human activities have an increasingly serious impact on our natural surroundings. Hence, cutting-edge sustainable technologies are essential for both governmental agencies and the corporate sector as a pivotal means to safeguard the environment. This study aims to shed light on the function that...

This paper evaluates the efficacy of the Secondary Market Corporate Credit Facility, a program designed to stabilize the U.S. corporate bond market during the COVID-19 pandemic. The program announcements on March 23 and April 9, 2020, significantly reduced investment-grade credit spreads across...

Using the data of listed companies and the DID method, this paper reveals three ways in which green credit policy (GCP) affects corporate debt financing, By controlling credit input, GCP can effectively restrain corporate debt financing in the "two-high" industries, However, the policy also...

This study investigates a non-instantaneous deteriorating two-warehouse inventory problem with allowable delay payments under inflation. The objective is to maximize the total profit per unit of time by determining the optimal order quantity, the product's selling price, and the business cycle...

We study a government policy that restricts repayment choices with the aim of reducing credit card debt. The policy requires the minimum payment on credit card balances in Quebec to be at least 2% of the statement balance for cards opened before August 2019 and at least 5% for cards opened after...

Government-backed business loan programs have commonly been used as a policy tool for mitigating the impact of adverse scenarios such as the recent pandemic. However, the effects of these policies on micro, small and medium enterprises remain unclear, particularly in developing countries. Using...

In Turkey, as in other countries, the human and economic toll of the COVID-19 pandemic has been severe. Thousands of lives have been tragically lost and many livelihoods compromised. The initial policy response to the pandemic-and subsequent sharp growth rebound-set Turkey apart from its peers....

We study the impact of the Community Reinvestment Act (CRA) on access to consumer credit since 1999 using an individual-level panel and three distinct identification strategies: a regression discontinuity design centered on a CRA-eligibility cutoff; a comparison of neighboring census blocks; and...

This paper investigates how banks’ loan pricing responds to the environmental performance of borrowing companies. Using a unique hand-collected dataset of bank loans in China, we find that banks reward borrowers that have higher environmental responsibility scores with lower loan interest...

We evaluate the effects of government loan guarantees (GLGs) on small- and medium-sized enterprises’ (SMEs) credit availability, profitability, and expenditure on research and development (R&D) in China, using data of establishing government loan guarantee platforms (GLGPs) and financial...

The Dual Credit Policy (DCP) is a market-based tradable credit mechanism designed to promote the development of the new energy vehicle industry, improve vehicle energy savings, and ultimately achieve the carbon emission reduction goals of the transportation industry. Under the DCP, automobile...

This study investigates the heterogeneous effects of the green credit policy (GCP) on firms' green innovation and transformation and upgradation. Using a comprehensive dataset of companies operating in the green sector, we employ panel regression models to examine the interaction between the...

Advanced economies made available more than 5 trillion USD through government-supported credit guarantee and direct loan programs to provide lifelines to firms in the face of the COVID-19 pandemic. Notwithstanding the unprecedented scale of credit made available, an in-depth analysis of the...

This study aimed to conduct a program assessment of the Sikat Saka Program (SSP), a direct credit program for small farmers implemented by the Department of Agriculture and LandBank of the Philippines. Specifically, this assessment aimed to identify the characteristics of small...