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Subscription-based crowdfunding platforms emerged as novel digital platforms that offer creators the possibility of … financial independence. They differ significantly from traditional time-limited crowdfunding approaches by utilizing recurring … individuals’ motivation to support crowdfunding campaigns, and utilizing self-determination theory, our study explores which …
Persistent link: https://www.econbiz.de/10015376545
Shadow banking is a broad concept. A possible definition is that it comprises non-bank institutions which undertake bank-like activities. Another characteristic is that the sector is overall less regulated. Therefore there are still shortcomings in systematic collection of information of the sector.
Persistent link: https://www.econbiz.de/10011985212
This paper investigates the role of punctuation in the peer-to-peer (P2P) lending market. Using data from Renrendai, one of the largest P2P lending platforms in the People's Republic of China, we investigate how the amount of punctuation used in loan descriptions influences the funding...
Persistent link: https://www.econbiz.de/10011944171
When communicating numeric estimates with policymakers, journalists, or the general public, experts must choose between … using numbers or natural language. We run two experiments to study whether experts strategically use language to communicate … policymakers. When experts face incentives to directionally persuade instead of incentives to accurately inform receivers, they are …
Persistent link: https://www.econbiz.de/10015211273
To achieve the sustainable development goals (SDGs) as well as the Paris Agreement major investments in renewable energy (RE) production are necessary worldwide. In particular, decentralized, small-scale projects offer copious potential to create energy access as well as to contribute to an...
Persistent link: https://www.econbiz.de/10011944273
Crowdfunding is a method of financing new ventures, commercial, cultural or social, often in return for future products …-scale activities of institutions promoting knowledge about the functioning of crowdfunding aimed at encouraging and promoting it as a … research methods applied. The research task undertaken in the study was to analyze the crowdfunding market globally and in …
Persistent link: https://www.econbiz.de/10013466201
The introduction of the Securities Financing Transactions Regulation into EU law provides a unique opportunity to obtain an in-depth understanding of repo markets. Based on the transaction-level data reported under the regulation, this paper presents an overview and key facts about the euro area...
Persistent link: https://www.econbiz.de/10014565197
We construct a new systemic risk measure that quantifies vulnerability to fire-sale spillovers using detailed regulatory balance sheet data for U.S. commercial banks and repo market data for broker-dealers. Even for moderate shocks in normal times, fire-sale externalities can be substantial. For...
Persistent link: https://www.econbiz.de/10010333593
We summarize and evaluate Fannie Mae and Freddie Mac's credit risk transfer (CRT) programs, which have been used since 2013 to shift a portion of credit risk on more than $1.8 trillion of mortgages to private sector investors. We argue that the CRT programs have been successful in reducing the...
Persistent link: https://www.econbiz.de/10011942783
This ESRB Occasional Paper complements the publication of indicators on central counterparties (CCPs) in the ESRB's Risk Dashboard as part of its monitoring framework. It provides a methodological background to the development of the individual measures and discusses different aspects that...
Persistent link: https://www.econbiz.de/10011984885