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area slowed down dramatically, bringing the economy close to a credit crunch. It was only after the start of the European … comprises several measures of financial access, such as credit availability, financial constraints, and interest rates. The …
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area slowed down dramatically bringing the economy close to a credit crunch. It was only after the start of the ECB …’s Public Sector Purchase Programme (PSPP) on the access to finance of small and medium sized enterprises (SME) using firm … measures of financial access such as credit availability, financial constraints and interest rates. The micro level nature of …
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This paper provides both theoretical and empirical analyses of the differences between BigTech lenders and traditional banks in response to monetary policy changes. Our model integrates Knightian uncertainty into portfolio selection and posits that BigTech lenders possess a diminishing...
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