Documents et rapports
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Which Firms Benefit from Corporate QE during the COVID-19 Crisis ? The Case of the ECB's Pandemic Emergency Purchase Program : Which Firms Benefit from Corporate QE during the COVID-19 Crisis ? The Case of the ECB's Pandemic Emergency Purchase Program (anglais)
Using an event study methodology, this paper examines how European firms have been affected by the announcement of the European Central Bank's Pandemic Emergency Purchase Program (PEPP). Firms with an...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS9379 Date du document: 2 septembre 2020 Mode de publication: Disclosed Auteur: Demirguc-Kunt,Asli,Horvath,Balint Laszlo,Huizinga,Harry P.
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Regulatory Arbitrage and Cross-Border Syndicated Loans (anglais)
This paper investigates how international regulatory and institutional differences affect lending in the cross-border syndicated loan market. Lending provided through a foreign subsidiary is subject to...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS9037 Date du document: 9 octobre 2019 Mode de publication: Disclosed Auteur: Demirguc-Kunt,Asli,Horvath,Balint Laszlo,Huizinga,Harry P.
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Foreign banks and international transmission of monetary policy : evidence from the syndicated loan market (anglais)
This paper uses loan-level data from 124 countries over 1995–2015 to examine the transmission of monetary policy through the cross-border syndicated loan market. The results show that the expansion of...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS7937 Date du document: 9 janvier 2017 Mode de publication: Disclosed Auteur: Demirguc-Kunt,Asli,Horvath,Balint Laszlo,Huizinga,Harry P.
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How does long-term finance affect economic volatility ? (anglais)
This paper examines how the ability to access long-term debt affects firm-level growth volatility. The analysis finds that firms in industries with stronger preference to use long-term finance relative...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS7535 Date du document: 19 janvier 2016 Mode de publication: Disclosed Auteur: Demirguc-Kunt,Asli,Horvath,Balint Laszlo,Huizinga,Harry P.