Effects of Unconventional Monetary Policy on European Corporate Credit
In this paper we investigate whether the targeted longer-term refinancing operations (TLTRO) and the asset purchase program (APP) led to lower interest rates on new corporate credit, and whether the signalling channel and the capital relief channel played any role in the transmission of these ECB policies.
CPB Discussion Paper 372 | 6 February 2018
22 pages | pdf document, 383.8 KB
Go to publication
The Performance of Publicly Managed Venture Capital Funds
Governments, when designing support for venture capital financing, face a choice to either sponsor existing private VC funds or organize and manage their own public VC funds.
CPB Discussion Paper 355 | 21 June 2017
16 pages | pdf document, 1.2 MB
ISBN 978-90-5833-778-8 | Go to publication
Banks, Financial Markets and Growth in Developed Countries: a Survey of the empirical literature
This paper investigates the relation between characteristics of de financial sector and growth.
CPB Discussion Paper 266 | 4 February 2014
50 pages | pdf document, 1015 KB
ISBN 978-90-5833-629-3 | Go to publication
How Large was the Credit Crunch in the OECD?
Reduced credit supply in the years 2008 and 2009 should have resulted in lower growth in industries that are more dependent on external finance.
CPB Discussion Paper 232 | 5 February 2013
24 pages | pdf document, 353.2 KB
ISBN 978-90-5833-583-8 | Go to publication
Inside Liquidity in Competitive Markets
In CPB Discussion Paper 209 we study incentives of financial intermediaries to reserve liquidity given that they can rely on the interbank market for their liquidity needs.
CPB Discussion Paper 209 | 20 April 2012
36 pages | pdf document, 1005.8 KB
ISBN 978-90-5833-551-7 | Go to publication