Haku
Viitteet 11-20 / 35
Real effects of bank capital regulations: Global evidence
(01.08.2017)
Journal of Banking and Finance September
Journal of Banking and Finance September
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 ...
FinTechs in China : with a special focus on peer to peer lending
(15.10.2017)
Journal of Chinese Economic and Foreign Trade Studies 3
Journal of Chinese Economic and Foreign Trade Studies 3
China is a country with the most number of operating peer-to-peer (P2P) lending platforms (approximately 2,000) worldwide. This study aims to provide an overview on FinTechs in China. It was examined why payment services ...
Digitalisation : Shaping the retail payment markets while posing new challenges to authorities
(15.02.2017)
Journal of Payments Strategy & Systems 1
Journal of Payments Strategy & Systems 1
Digitalisation is shaping almost every sector of the economy, enabling new ways of doing things, not merely digitising old, often manual, processes. Numerous new digital payment applications have emerged in retail payment ...
Real time uncertainty in fiscal planning and debt accumulation in the euro area
(21.07.2017)
International Economics and Economic Policy January 2017, Issue 1
International Economics and Economic Policy January 2017, Issue 1
Using real time data from the OECD this study explores euro area fiscal policies since the late 1990s. The results indicate that in the so-called periphery countries (Greece, Ireland, Italy, Portugal and Spain) ex ante ...
Do managerial risk-taking incentives influence firms' exchange rate exposure?
(04.07.2017)
Journal of Corporate Finance October
Journal of Corporate Finance October
There is scant evidence on how risk-taking incentives impact specific firm risks. This has implications for board oversight of managerial risk taking, firms' development of comparative advantage in taking particular risks, ...
Bank financing, institutions and regional entrepreneurial activities: Evidence from China
(13.12.2017)
International Review of Economics & Finance November
International Review of Economics & Finance November
We investigate the effects of bank financing on regional entrepreneurial activities in China. We present contrasting findings on the role of quantity vs. quality of bank financing on small business formation in China: while ...
Politically connected firms in Poland and their access to bank financing
(05.12.2017)
Communist and Post-Communist Studies 4
Communist and Post-Communist Studies 4
This paper characterizes politically connected firms and their access to bank financing. We determine that the relationship between political connections and access to long-term bank loans is weaker in Poland than in other ...
Do Banks' Overnight Borrowing Rates Lead Their CDS Price? Evidence from the Eurosystem
(25.05.2017)
Journal of Financial Intermediation July
Journal of Financial Intermediation July
We construct a measure of a bank's relative creditworthiness from the Eurosystem's proprietary inter-bank loan data: average overnight borrowing rate relative to an overnight rate index (AOR). We then investigate the dynamic ...
Financial shocks, financial stability, and optimal Taylor rules
(22.04.2017)
Journal of Macroeconomics December
Journal of Macroeconomics December
We assess the performance of optimal Taylor-type interest rate rules, with and without reaction to financial variables, in stabilizing an economy following financial shocks. The analysis is conducted in a DSGE model with ...
The Impacts of Intellectual Property Rights Protection on Cross-Border M&As
(15.09.2017)
Quarterly Journal of Finance 3
Quarterly Journal of Finance 3
We investigate the impacts of improved intellectual property rights (IPR) protection on cross-border M&A performance. Using multiple measures of IPR protection and based on generalized difference-in-differences estimates, ...