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Cherchye, Laurens; Rock, Bram de; Ferrando, Annalisa; … - 2020

We propose a new methodology to recover firm-time varying financial constraints from firms' production behavior. We model financial constraints as the profitability that firms forgo when budget constraints on production inputs bind, impeding them from using the optimal level of inputs and...

Persistent link: https://www.econbiz.de/10012241106

Gambling traps

Ari, Anil - 2018

I propose a dynamic general equilibrium model in which strategic interactions between banks and depositors may lead to endogenous bank fragility and slow recovery from crises. When banks' investment decisions are not contractible, depositors form expectations about bank risk-taking and demand a...

Persistent link: https://www.econbiz.de/10011959253

Too levered for Pigou : carbon pricing, financial constraints, and leverage regulation

Döttling, Robin; Rola-Janicka, Magdalena - 2023

climate-related transition and physical risks. The socially optimal emissions tax is below the Pigouvian benchmark (equal to …

Persistent link: https://www.econbiz.de/10014315161

Asymmetric wage adjustment and employment in European firms

Marotzke, Petra; Anderton, Bob; Bairrao, Ana; Berson, … - 2017

We explore the impact of wage adjustment on employment with a focus on the role of downward nominal wage rigidities. We … results point to a negative effect of downward wage rigidities on employment at the firm level. …

Persistent link: https://www.econbiz.de/10011732749

What drives the network’s growth?

Alexandrova-Kabadjova, Biliana; Negrín, José Luis - 2009

This paper investigates the impact on the network growth of the level of merchant discount, the level of Multilateral Interchange Fee (MIF), and the consumers' and the merchants' awareness of positive network effects. In an artificial market, in which issuers and acquirers belong to the same...

Persistent link: https://www.econbiz.de/10009640427

What drives the network’s growth? : an agent-based study of the payment card market

Alexandrova-Kabadjova, Biliana; Negrin, Jose-Luis - 2009

Persistent link: https://www.econbiz.de/10003969556

Greening the economy : how public-guaranteed loans influence firm-level resource allocation

Buchetti, Bruno; Miquel-Flores, Ixart; Perdichizzi, … - 2024

the climate transition process. Using a unique pan-European credit register dataset, we combine supervisory bank data with … "green-transition risk." Secondly, we provide evidence that during the COVID-19 pandemic, European banks have strategically … loans in their portfolios and partially shifting the inherent "green-transition risk" to European governments and citizens …

Persistent link: https://www.econbiz.de/10014490490

Behind the scenes of the beauty contest : window dressing and the G-SIB framework

Behn, Markus; Mangiante, Giacomo; Parisi, Laura; Wedow, … - 2019

This paper illustrates that systemically important banks reduce a range of activities at year- end, leading to lower additional capital requirements in the form of G-SIB buffers. The effects are stronger for banks with higher incentives to reduce the indicators, and for banks with balance sheet...

Persistent link: https://www.econbiz.de/10012034493

A study on the EBA stress test results : influence of bank, portfolio and country-level characteristics

Hernández, Javier; Población García, Javier; … - 2022

The purpose of this paper is to investigate the main drivers of the change in the credit risk provisions at a portfolio level for the banks that have been subject of the 2018 EBA stress tests. Therefore, we perform a holistic review of the drivers of the three-year projections of credit losses....

Persistent link: https://www.econbiz.de/10012822183

The impact of G-SIB identification on bank lending : evidence from syndicated loans

Behn, Markus; Schramm, Alexander - 2020

This paper uses granular data on syndicated loans to analyse the impact of international reforms for Global Systemically Important Banks (G-SIBs) on bank lending behaviour. Using a difference-in-differences estimation strategy, we find no effect of the reforms on overall credit supply, while at...

Persistent link: https://www.econbiz.de/10012299026