presse@iwh-halle.de
Pills or puts?
Shuo Xia
Financial Times, February 2, 2024
We study how firm-level carbon emissions affect bank lending and, through this channel, real, financial, and environmental outcomes in a sample of global firms with syndicated loans.
This paper studies how banks compete amid digital disruption and the resulting distributional effect across consumers. Digital disruption increases the geographic coverage of banking services, bringing new entrants to local markets.
Using matched bank-firm-level data and the 2014 depreciation of the euro, we show that exchange rate depreciations can lead to higher loan supply.
We investigate whether pre-publication revisions of bank financial statements contain information about financial stability.
A bank in poor financial shape may have incentives to maintain a lending relationship with a "zombie" firm in order to avoid or delay the recognition of credit losses.
We use a quasi-natural experiment to identify the effects of supervision on bank behavior. Under the decentralized structure of U.S. bank supervision, banks in the same geographic area may be supervised by different regulatory offices.
This paper investigates the impact of ample liquidity provision by the European Central Bank on the functioning of the overnight unsecured interbank market from 2008 to 2014.