Publications

June 11, 2019

Dutch SME bank financing, from a European perspective

Dutch SMEs are obtaining bank loans less often than SMEs elsewhere in the eurozone.

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June 11, 2019

Measuring Credit Rationing of Dutch firms

This background document is associated to the CPB Policy brief on Dutch SME-bank financing in a European perspective. It explains in detail what we do in a microsimulation model that is described in a textframe on...

November 14, 2018

Can we measure banking sector competition robustly?

We discuss existing measures of banking competition along with their advantages and disadvantages. For the Panzar and Rosse H-statistic,we further investigate the robustness of its estimates.

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May 29, 2018

Towards an EMU banking union: three scenarios

This publication discusses the need for an EMU banking union and describes three possible transition scenarios. This is a translation of chapter 4 of the Dutch publication.

February 6, 2018

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.

June 21, 2017

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.

February 5, 2013

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.

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April 20, 2012

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.

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