Haku
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Banking globalization, local lending, and labor market effects : Micro-level evidence from Brazil
(14.06.2017)
BOFIT Discussion Papers 11/2017
BOFIT Discussion Papers 11/2017
This paper estimates the effect of a foreign funding shock to banks in Brazil after the collapse of Lehman Brothers in September 2008. Our robust results show that bank-specic shocks to Brazilian parent banks negatively ...
Banks vs. markets : Are banks more effective in facilitating sustainability?
(27.04.2022)
BOFIT Discussion Papers 5/2022
BOFIT Discussion Papers 5/2022
Is bank- versus market-based financing different in its attitudes towards Environmental, Social, and Governance (ESG) risk? Using a novel sample covering 3,783 U.S. public firms from 2007 to 2020, we study how firm-level ...
Bank risk-taking and monetary policy transmission : Evidence from China
(29.10.2021)
BOFIT Discussion Papers 15/2021
BOFIT Discussion Papers 15/2021
We study the impact of China’s 2013 implementation of Basel III on bank risk-taking and its responses to monetary policy shocks using confidential loan-level data from a large Chinese bank. Guided by theory, we use a ...
Elections hinder firms’ access to credit
(09.02.2022)
BOFIT Discussion Papers 3/2022
BOFIT Discussion Papers 3/2022
To analyze whether the occurrence of elections affects access to credit for firms, we perform an investigation using firm-level data covering 44 developed and developing countries. The results show that elections impair ...
Managing bank liquidity hoarding during uncertain times : The role of board gender diversity.
(02.11.2022)
BOFIT Discussion Papers 11/2022
BOFIT Discussion Papers 11/2022
This paper examines the effect of executive board gender diversity on the relationship between economic policy uncertainty (EPU) and bank liquidity hoarding (LH). We focus on the Russian banking sector, which, relative to ...
Does bank efficiency affect the bank lending channel in China?
(08.02.2021)
BOFIT Discussion Papers 3/2021
BOFIT Discussion Papers 3/2021
This work examines the impact of bank efficiency on the bank lending channel in China. Using a sample of 175 Chinese banks over the period 2006–2017, we investigate how the reaction of the loan supply to monetary policy ...
Trade conflicts and credit supply spillovers : Evidence from the Nobel Peace Prize trade shock
(21.10.2022)
BOFIT Discussion Papers 8/2022
BOFIT Discussion Papers 8/2022
In this paper, we examine how a trade conflict’s impact on the real economy can be amplified by financial intermediaries. After the Norwegian Nobel Peace Prize Committee awarded the 2010 Nobel Peace Prize to Chinese dissident ...
Lending cycles and real outcomes : Costs of political misalignment
(21.01.2019)
BOFIT Discussion Papers 1/2019
BOFIT Discussion Papers 1/2019
We use data on the universe of credit in Turkey to document a strong political lending cycle. State-owned banks systematically adjust their lending around local elections compared with private banks in the same province. ...
Bank profitability and economic growth
(02.07.2018)
BOFIT Discussion Papers 15/2018
BOFIT Discussion Papers 15/2018
This paper analyses the effect of bank profitability on economic growth. While policymakers have shown major concerns for low levels of bank profitability, there are no empirical studies on the growth effects of bank ...
Does lending relationship help or alleviate the transmission of liquidity shocks? Evidence from a liquidity crunch in China
(08.05.2018)
BOFIT Discussion Papers 13/2018
BOFIT Discussion Papers 13/2018
We examine China’s June 2013 liquidity crunch as a negative shock to banks and analyze the wealth effects on exchange-listed firms. Our findings suggest that liquidity shocks to financial institutions negatively impact ...