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  1. Public guarantees on loans to SMEs
    an RDD evaluation
    Author: De Blasio, Guido; De Mitri, Stefania; D'Ignazio, Alessio; Finaldi Russo, Paolo; Stoppani, Lavina
    Published: [2017]
    Publisher:  Banca d'Italia Eurosistema, [Rom]

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 450
    Inter-library loan:
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    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Temi di discussione / Banca d'Italia ; number 1111 (April 2017)
    Subjects: credit guarantees; public guarantees; access to credit; SMEs financing
    Scope: 1 Online-Ressource (circa 54 Seiten), Illustrationen
  2. Mobilizing credit for clean energy
    de-risking and public loan provision under learning spillovers
    Author: Waidelich, Paul; Krug, Joscha; Steffen, Bjarne
    Published: [2023]
    Publisher:  ZEW - Leibniz Centre for European Economic Research, Mannheim, Germany

    Policymakers regularly rely on public financial institutions and government bodies to provide loans to clean energy projects. However, the market failures that public loan provision addresses and the role it can play in a policy strategy that also... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 15
    Inter-library loan:
    No inter-library loan

    Location:
    Universitätsbibliothek Mannheim
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    Policymakers regularly rely on public financial institutions and government bodies to provide loans to clean energy projects. However, the market failures that public loan provision addresses and the role it can play in a policy strategy that also features de-risking measures, such as interest rate subsidies, remain unclear. Here, we develop a model of banks providing loans to clean energy projects that use a novel technology. Early-stage loans build up financing experience that spills over to peers and hence is undersupplied by the market. In addition to this cooperation problem, bankability requirements can result in a coordination failure where the banking sector remains stuck in an equilibrium with no loans for the novel technology, although a preferable equilibrium with loans exists. Public provision of early-stage loans is inferior to de-risking instruments when solving the cooperation problem because it crowds out private banks' loan provision. However, public loan provision can more effectively resolve the coordination failure by pushing the banking sector to a better equilibrium, ideally in combination with additional de-risking measures to internalize learning spillovers.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/279551
    Series: Discussion paper / ZEW ; no. 23, 040 (10/2023)
    Subjects: Energy transition; state investment bank; government loans; credit guarantees; multiple equilibria
    Scope: 1 Online-Ressource (51 Seiten), Illustrationen
  3. Mobilizing credit for clean energy
    de-risking and public loan provision under learning spillovers
    Author: Waidelich, Paul; Krug, Joscha; Steffen, Bjarne
    Published: May 2024
    Publisher:  CESifo, Munich, Germany

    Policymakers regularly rely on public financial institutions and government offices to provide loans for clean energy projects. However, both the market failures that public loan provision addresses and its role in a policy strategy that also... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 63
    Inter-library loan:
    No inter-library loan

     

    Policymakers regularly rely on public financial institutions and government offices to provide loans for clean energy projects. However, both the market failures that public loan provision addresses and its role in a policy strategy that also features instruments directly addressing environmental and innovation externalities remain unclear. Here, we develop a model of banks providing loans for clean energy projects that use a novel technology. This early-stage lending builds up banks’ financing experience, which spills over to peers and hence is undersupplied by the market. In addition to this cooperation problem, bankability requirements can result in a coordination failure whereby the banking sector remains stuck in an equilibrium with no loans for the novel technology even when a preferable equilibrium with loans exists. Public provision of early-stage loans is inferior to de-risking instruments in solving this cooperation problem because it crowds out private banks’ loan provision. However, public loan provision—ideally in combination with additional de-risking measures to support banks in internalizing learning spillovers—can more effectively resolve the coordination failure by pushing the banking sector to a better equilibrium.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: CESifo working papers ; 11118 (2024)
    Subjects: climate policy; credit guarantees; government loans; multiple equilibria; renewable energy; state investment bank
    Scope: 1 Online-Ressource (circa 54 Seiten), Illustrationen