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Haas, Ralph de; Popov, Alexander - 2019

We study the relation between the structure of nancial systems and carbon emissions in a large panel of countries and industries over the period 1990-2013. We find that for given levels of economic and financial development and environmental regulation, CO2 emissions per capita are lower in...

Persistent link: https://www.econbiz.de/10012104466

Carbon pricing, border adjustment and renewable energy investment : a network approach

Delgado-Téllez, Mar; Quintana, Javier; Santabárbara, … - 2025

An increase of e100 per tonne in the EU carbon price reduces the carbon footprint but lowers GDP due to higher energy costs and carbon leakage. Using a dynamic multi-sector, multi-country model augmented with an energy block that includes endogenous renewable energy investment, we analyze the...

Persistent link: https://www.econbiz.de/10015333063

Deposit market concentration and monetary transmission : evidence from the euro area

Kho, Stephen - 2024

of banking sector concentration. Using a local projections framework with 2003-2023 country-level and bank-level data for … monetary policy. However, more concentrated domestic banking sectors do pass-on unexpected monetary tightening (easing) more … slowly (quickly) than less concentrated banking sectors, which contributes to a temporary divergence of deposit rates across …

Persistent link: https://www.econbiz.de/10014484425

Euro area banks' market power, lending channel and stability : the effects of negative policy rates

Altunbaş, Yener; Avignone, Giuseppe; Kok Sørensen, … - 2023

behaviour in the euro area banking sector. Specifically, it analyses the effect that negative policy rates had on euro area …

Persistent link: https://www.econbiz.de/10013553575

Sources of the small firm financing premium : evidence from euro area banks

Holton, Sarah; McCann, Fergal - 2017

The post-2008 period in the euro area was characterised by sharp dispersion in borrowing costs faced by firms, across … the borrowing cost dispersion across firm types by calculating the difference in the interest rate charged by the same … borrowing cost increases for small firms, and exacerbated the impact of a weak macroeconomy during this period. …

Persistent link: https://www.econbiz.de/10011697389

Market power in banking

Carletti, Elena; Leonello, Agnese; Marquez, Robert - 2024

Bank market power, both in the loan and deposit market, has important implications for credit provision and for financial stability. This article discusses these issues through the lens of a simple theoretical framework. On the asset side, banks choose the quality and quantity of loans. On the...

Persistent link: https://www.econbiz.de/10014484222

Carbon taxes and the geography of fossil lending

Laeven, Luc; Popov, Alexander - 2022

Using data on syndicated loans, we find that the introduction of a carbon tax is associated with an increase in domestic banks' lending to coal, oil, and gas companies in foreign countries. This effect is particularly pronounced for banks with large prior fossil-lending exposures, suggesting a...

Persistent link: https://www.econbiz.de/10013488620

Financial markets and green innovation

Aghion, Philippe; Boneva, Lena; Breckenfelder, Johannes; … - 2022

Fulfilling the commitments embedded in the Paris Agreement requires a climate-technology revolution. Patented innovation of low-carbon technologies is lower in the EU than in selected peers, and very heterogeneous across member states. We motivate this fact with an endogenous model of directed...

Persistent link: https://www.econbiz.de/10013285966

Demand or supply? : an empirical exploration of the effects of climate change on the macroeconomy

Ciccarelli, Matteo; Marotta, Fulvia - 2021

The macroeconomic effects of climate-related events and climate policies depend on the interaction between demand- and supply-type of shocks that those events and policies imply. Using a panel of 24 OECD countries for the sample 1990-2019 and a standard macroeconomic framework, the paper tests...

Persistent link: https://www.econbiz.de/10012648889

The climate and the economy

Breckenfelder, Johannes; Maćkowiak, Bartosz; Marqués … - 2023

Climate change and the public policies to arrest it are and will continue reshaping the global economy. This Discussion Paper draws on economic research to identify some key medium- and long-run economic implications of these developments. It explores implications for growth, innovation,...

Persistent link: https://www.econbiz.de/10014230344