Results 11 to 20 of about 82,036 (45)
Electoral Cycles in Macroprudential Regulation
Social Science Research Network, 2023 Do politics matter for macroprudential policies? I show that changes in macroprudential regulation exhibit a predictable electoral cycle in the run-up to 221 elections across 58 countries from 2000 through 2014.
Karsten Müller
semanticscholar +1 more source
An Analysis of the Literature on International Unconventional Monetary Policy
Journal of Economic Literature, 2022 This paper evaluates the literature on international unconventional monetary policies (UMPs). Introducing market segmentation, limits-to-arbitrage, and time-consistent policy in standard models permits a theoretical role for UMP.
Saroj Bhattarai, Christopher J. Neely
semanticscholar +1 more source
Are Credit Markets Still Local? Evidence from Bank Branch Closings
American Economic Journal: Applied Economics, 2019 This paper studies whether distance shapes credit allocation by estimating the impact of bank branch closings during the 2000s on local access to credit. To generate plausibly exogenous variation in the incidence of closings, I use an instrument based on
Hoai-Luu Q. Nguyen
semanticscholar +1 more source
Social Science Research Network, 2022 In a field experiment that constructs a randomized credit limit shock, participants borrow to spend 11 cents on the dollar in the first quarter and 28 cents by the third year.
Deniz Aydin
semanticscholar +1 more source
Climate Change-Related Regulatory Risks and Bank Lending
Social Science Research NetworkJEL G21, Q51, Q58 We analyze the effect of climate change - related regulatory risks on banks ’ credit allocation. Our evidence suggests that effects crucially depend firms ’ exposure to regulatory risks as well as on the existing regulatory environment ...
I. Mueller, Eleonora Sfrappini
semanticscholar +1 more source
New Evidence on Redlining by Federal Housing Programs in the 1930s
Social Science Research Network, 2021 We show that the Federal Housing Administration (FHA), from its inception in the 1930s, did not insure mortgages in low income urban neighborhoods where the vast majority of urban Black Americans lived.
P. Fishback +3 more
semanticscholar +1 more source
The Effects of the 1930s HOLC “Redlining” Maps
American Economic Journal: Economic Policy, 2017 This study uses a boundary design and propensity score methods to study the effects of the 1930s-era Home Owners Loan Corporation (HOLC) “redlining” maps on the long-run trajectories of urban neighborhoods.
Daniel Aaronson +2 more
semanticscholar +1 more source
The Optimal Quantity of CBDC in a Bank-Based Economy
Social Science Research NetworkWe show that the estimated effect of digital euro news on bank stock valuations and lending depends on the bank’s deposit reliance and the central bank digital currency (CBDC) design features.
Lorenzo Burlon +3 more
semanticscholar +1 more source
American Economic Journal: Applied Economics, 2019 Despite evidence from multiple randomized evaluations of microcredit, questions about external validity have impeded consensus on the results. I jointly estimate the average effect and the heterogeneity in effects across seven studies using Bayesian ...
R. Meager
semanticscholar +1 more source
Mortgage Pricing and Monetary Policy
Social Science Research NetworkThis paper examines how central bank policies influence mortgage pricing in the United Kingdom. It shows that lenders price discriminate by offering two-part tariffs of interest rates and origination fees, and during unconventional monetary policies like
M. Benetton, A. Gavazza, P. Surico
semanticscholar +1 more source