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Real effects of bank capital regulations : Global evidence
(12.08.2017)
Bank of Finland Research Discussion Papers 23/2017
Bank of Finland Research Discussion Papers 23/2017
We examine the effect of the full set of bank capital regulations (capital stringency) on loan growth, using bank-level data for a maximum of 125 countries over the period 1998-2011. Contrary to standard theoretical ...
How do shocks to bank capital affect lending and growth?
(28.11.2018)
Bank of Finland Research Discussion Papers 25/2018
Bank of Finland Research Discussion Papers 25/2018
We examine bank capital shocks using a recent new approach based on non-normal errors in vector autoregressive models. Using a sample of 14 European economies over January 2004 through March 2018 we identify two distinct ...
Luotonanto-olosuhteet heijastavat aikaisessa vaiheessa talouden käänteitä Suomessa
(31.10.2022)
Euro & talous. Analyysi
Euro & talous. Analyysi
Luotonanto-olosuhteita kuvaavat luottopolitiikka ja lainaehdot vaikuttavat pankkien luotonantoon ja voivat heijastaa talouden yleistä tilaa. Tietoja luottojen kysynnästä ja tarjonnasta Suomessa saadaan neljä kertaa vuodessa ...
Private information and lender discretion across time and institutions
(10.10.2018)
Bank of Finland Research Discussion Papers 17/2018
Bank of Finland Research Discussion Papers 17/2018
We assess the extent to which discretion, unexplained variations in the terms of a loan contract, has varied across time and lending institutions and show that part of this discretion is due to private information that ...
Russia's 1999–2000 election cycle and the politics-banking interface
(01.11.2017)
BOFIT Discussion Papers 17/2017
BOFIT Discussion Papers 17/2017
We investigate whether lending by the dominant Russian state bank, Sberbank, contributed to Vladimir Putin’s ascent to power during the presidential elections of March 2000. Our hypothesis is that Sberbank corporate loans ...
Growing like Germany : Local public debt, local banks, low private investment
(22.08.2022)
Bank of Finland Research Discussion Papers 9/2022
Bank of Finland Research Discussion Papers 9/2022
Over 2010-2016, municipal debt in Germany crowded out private investment worth 1 percent of GDP. Forced to lend to municipalities by their statutes, local public banks compensated for declining municipal-debt yields by ...
Political cycles and bank lending in Russia
(25.03.2020)
BOFIT Discussion Papers 8/2020
BOFIT Discussion Papers 8/2020
State-owned banks tend to increase lending before elections for the purpose of boosting the reelection odds of incumbent politicians. We employ monthly data on individual banks to study whether Russian banks increased their ...
Makrovakausraportti 2/2016
(21.12.2016)
Suomen Pankin ja Finanssivalvonnan makrovakausraportti 2/2016
Suomen Pankin ja Finanssivalvonnan makrovakausraportti 2/2016
City commercial banks and credit allocation : Firm-level evidence
(09.03.2021)
BOFIT Discussion Papers 4/2021
BOFIT Discussion Papers 4/2021
This paper investigates how government-led banking liberalization affects credit allocation by banks using as a quasi-natural experiment the establishment of city commercial banks (CCBs) in China. Based on more than three ...
Lending without creditor rights, collateral, or reputation : The “trusted assistant” loan in 19th century China
(29.08.2017)
BOFIT Discussion Papers 13/2017
BOFIT Discussion Papers 13/2017
This paper considers lending to finance projects in a setting where repayment enforcement appears impossible. The loan was illegal and thus legally unenforceable. Creditors were incapable of applying private coercion to ...