Similar Search Results

External Financing and Economic Activity in the Euro Area : Why are Bank Loans Special?

Aldasoro, Iñaki; Unger, Robert - 2021

Using a Bayesian vector autoregression (BVAR) identified with a mix of sign and zero restrictions, we show that a restrictive bank loan supply shock has a strong and persistent negative impact on real GDP and the GDP deflator. This result comes about even though flows of other sources of...

Persistent link: https://www.econbiz.de/10013315466

[Access to Bank Credit and SME Financing. (Case of Kosovo) Paper Title]

Nure, Gazmend - 2021

their study, evidence that some SMEs may still face difficulties in accessing bank finance. This paper reports an in …-depth study into demand issues relating to access to bank finance by Kosovo SMEs and whether there is still a market failure. This … paper discusses the ability of SMEs to access debt finance from the commercial banks in Kosovo obtained through …

Persistent link: https://www.econbiz.de/10013236424

The effect of credit composition on entrepreneurship

Aghdam, Ali Nassiri; Behdarvand, Shahin; Sheshdeh, … - In: Latin American journal of central banking : LAJCB 4 (2023) 4, pp. 1-21

In this study, we aim to assess the relevance of credit composition to entrepreneurship empirically in light of the Schumpeterian perspective. The results of such an analysis can imply whether central banks should continue with the so-called neutrality principle or undertake an active credit...

Persistent link: https://www.econbiz.de/10014496880

Crowdfunding, demand uncertainty, and moral hazard : a mechanism design approach

Strausz, Roland - 2015

Crowdfunding challenges the traditional separation between finance and marketing. It creates economic value by reducing …

Persistent link: https://www.econbiz.de/10011309652

Finance for micro, small, and medium-sized enterprises in India : sources and challenges

Singh, Charan; Wasdani, Kishinchand Poornima - 2016

Finance for micro, small, and medium-sized enterprises (MSMEs) has been a concern for all stakeholders including … challenges faced by MSMEs in sourcing of finance during different stages of their life cycle. This study is a first … limitation in the identification and utilization of sources of finance. Data was collected through personal interviews using a …

Persistent link: https://www.econbiz.de/10011522010

On the substitution of institutions and finance in investment

Asongu, Simplice A. - 2014

The Ali (2013, EB) findings on the nexuses among institutions, finance and investment could have an important influence … finance and institutions because they are less realistic to developing countries to which the resulting policy implications … substitution of institutions and finance in investment. Results under many baseline and augmented scenarios are not consistent with …

Persistent link: https://www.econbiz.de/10011409784

Business complexity and risk management : evidence from operational risk events in U.S. bank holding companies

Chernobai, Anna; Ozdagli, Ali; Wang, Jianlin - 2016 - This version: October 2016

How does business complexity affect risk management in financial institutions? The commonly used risk measures rely on either balance-sheet or market-based information, both of which may suffer from identification problems when it comes to answering this question. Balance-sheet measures, such as...

Persistent link: https://www.econbiz.de/10011562964

Repo and securities lending

Adrian, Tobias; Begalle, Brian; Copeland, Adam; Martin, … - 2011

We provide an overview of the data requirements necessary to monitor repurchase agreements (repos) and securities lending markets for the purposes of informing policymakers and researchers about firm-level and systemic risk. We start by explaining the functioning of these markets, then argue...

Persistent link: https://www.econbiz.de/10009411379

Business Complexity and Risk Management : Evidence from Operational Risk Events in U.S. Bank Holding Companies

Chernobai, Anna - 2020

Recent regulatory proposals tie a financial institution's systemic importance to its complexity. However, little is known about how complexity affects banks' risk management. Using the 1996-1999 deregulations of U.S. banks' nonbanking activities as a natural experiment, we show that banks'...

Persistent link: https://www.econbiz.de/10012855702

Operational Risk and Risk Management Quality : Evidence from U.S. Bank Holding Companies

Abdymomunov, Azamat - 2016

This study documents the association between the quality of risk management practices and operational loss realizations at large financial institutions in the United States. Using detailed supervisory data, we find that companies with weak risk management practices experience higher and more...

Persistent link: https://www.econbiz.de/10012998014