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  1. Firm net worth, external finance premia and monitoring cost
    estimates based on firm-level data
    Erschienen: 27 July 2022
    Verlag:  Centre for Economic Policy Research, London

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    Verlag (lizenzpflichtig)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    LZ 161
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    Universitätsbibliothek Mannheim
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Array ; DP17508
    Schlagworte: External finance premium; net worth; firm-level balance sheet data; Costly stateverification
    Umfang: 1 Online-Ressource (circa 39 Seiten)
  2. Firm net worth, external finance premia and monitoring cost - estimates based on firm-level data
    Erschienen: [2022]
    Verlag:  Swiss National Bank, Zurich

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    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 555
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: SNB working papers ; 2022, 7
    Schlagworte: External finance premium; net worth; firm-level balance sheet data; costly state verification
    Umfang: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  3. Macro and micro of external finance premium and monetary policy transmission
    Erschienen: [2024]
    Verlag:  European Central Bank, Frankfurt am Main, Germany

    We establish basic facts about the external finance premium. Tens of millions of individual loan contracts extended to euro area firms allow studying the determinants of the external finance premium at the country, bank, firm, and contract levels of... mehr

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 534
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    We establish basic facts about the external finance premium. Tens of millions of individual loan contracts extended to euro area firms allow studying the determinants of the external finance premium at the country, bank, firm, and contract levels of disaggregation. At the country level, the variance in the premium is closely linked to sovereign spreads, which are important in understanding financial amplification mechanisms. However, country level differences only explain half of the total variance. The rest is predominantly attributed to variances at the bank and firm levels, which are influenced by the respective balance sheet characteristics. Studying the response of the external finance premium to monetary policy, we find that balance sheet vulnerabilities of banks and firms strengthen the transmission of policy measures to financing conditions. Moreover, our findings reveal an asymmetrical effect contingent upon the sign and type of the policies. Specifically, policy rate hikes and quantitative easing measures exert a more pronounced impact on lending spreads, further magnified through their repercussions on the external finance premium.

     

    Export in Literaturverwaltung   RIS-Format
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789289966825
    Weitere Identifier:
    Schriftenreihe: Working paper series / European Central Bank ; no 2934
    Schlagworte: External finance premium; financial accelerator; euro area; loan pricing
    Umfang: 1 Online-Ressource (circa 50 Seiten), Illustrationen