Haku
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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 ...
FinTech adoption and household risk-taking
(25.10.2021)
BOFIT Discussion Papers 14/2021
BOFIT Discussion Papers 14/2021
Using a unique FinTech data containing monthly individual-level consumption, investments, and payments, we examine how FinTech can lower investment barriers and improve risk-taking. Seizing on the rapid expansion of offline ...
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 ...
Who profits from windfalls in oil tax revenue? Inequality, protests, and the role of corruption
(25.01.2022)
BOFIT Discussion Papers 2/2022
BOFIT Discussion Papers 2/2022
We investigate the relationship between oil windfalls and income inequality using the subnational data of one of the resource-richest and most unequal countries in the world – Russia. While previous literature produced ...
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 ...
Sectoral decomposition of convergence in labor productivity : A re-examination from a new dataset
(08.04.2022)
BOFIT Discussion Papers 4/2022
BOFIT Discussion Papers 4/2022
This paper investigates how the sector-specific source or the changing sectoral composition of labor productivity has contributed to β-convergence, using a newly constructed eight-sector database. The main findings are ...
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 ...
Patterns and drivers of household income dynamics in Russia : The role of access to credit
(07.05.2020)
BOFIT Discussion Papers 11/2020
BOFIT Discussion Papers 11/2020
The microeconomic drivers of medium- and short-term income mobility in Russia over the period 1996–2016 are investigated using data from the Russian Longitudinal Monitoring Survey (RLMS). Focusing on the role of access 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 ...
Spatial disparity of skill premium in China : The role of financial intermediation development
(13.07.2022)
BOFIT Discussion Papers 6/2022
BOFIT Discussion Papers 6/2022
In China, the relative wages of high-skilled and low-skilled workers display huge variation across different regions. We examine whether financial intermediation development can explain such variation. Conceptually, ...