International Banking Library
International Banking Library The International Banking Library (IBL) is a...
IWH-CompNet Discussion Papers
IWH-CompNet Discussion Papers Die IWH-CompNet Discussion Papers beinhalten...
Fiscal Policy and Fiscal Fragility: Empirical Evidence from the OECD ...
Does Machine Learning Help us Predict Banking Crises? ...
Brown Bag Seminar
Brown Bag Seminar Financial Markets Department In der Seminarreihe "Brown...
Members & Research Doctoral Students Dmitri Bershadskyy; Doctoral thesis project: "Experimental Analysis of the Relationship between Institution Stability and...
SMEs and Access to Bank Credit: Evidence on the Regional Propagation of the Financial Crisis in the UK
Journal of Financial Stability,
We study the sensitivity of banks’ credit supply to small and medium size enterprises (SMEs) in the UK with respect to the banks’ financial condition before and during the financial crisis. Employing unique data on the geographical location of all bank branches in the UK, we connect firms’ access to bank credit to the financial condition (i.e., bank health and the use of core deposits) of all bank branches in the vicinity of the firm for the period 2004–2011. Before the crisis, banks’ local financial conditions did not influence credit availability irrespective of the functional distance (i.e., the distance between bank branch and bank headquarters). However, during the crisis, we find that SMEs with banks within their vicinity that have stronger financial conditions faced greater credit availability when the functional distance is close. Our results point to a “flight to headquarters” effect during the financial crisis.
Housing Consumption and Macroprudential Policies in Europe: An Ex Ante Evaluation
IWH Discussion Papers,
In this paper, we use the panel of the first two waves of the Household Finance and Consumption Survey by the European Central Bank to study housing demand of European households and evaluate potential housing market regulations in the post-crisis era. We provide a comprehensive account of the housing decisions of European households between 2010 and 2014, and structurally estimate the housing preference of a simple life-cycle housing choice model. We then evaluate the effect of a tighter LTV/LTI regulation via counter-factual simulations. We find that those regulations limit homeownership and wealth accumulation, reduces housing consumption but may be welfare improving for the young households.
Kommentar: Mit bester Absicht in die Krise
Wirtschaft im Wandel,
Zehn Jahre nach der Lehman-Pleite werden die Finanzmärkte besser kontrolliert denn je. Das kann böse Folgen haben.