Marco Angrisani,Jeremy Burke,Arie Kapteyn
Marco Angrisani
In the past few decades, financial products targeting consumers have become increasingly complex, and recent evidence suggests that older adults are entering retirement with more debt than previous generations. We examine how cognitive abil...
Countercyclical capital buffers and credit supply: Evidence from the COVID-19 crisis [0.03%]
逆周期资本缓冲与信贷供给：来自新冠疫情的证据
H Özlem Dursun-de Neef,Alexander Schandlbauer,Colin Wittig
H Özlem Dursun-de Neef
This paper examines how European banks adjusted their lending subsequent to the release of the countercyclical capital buffers (CCyB) during the COVID-19 pandemic. At its onset in 2020Q1, being exposed to a higher ex-ante countercyclical ca...
Compounding COVID-19 and climate risks: The interplay of banks' lending and government's policy in the shock recovery [0.03%]
新冠肺炎和气候风险的叠加：银行贷款与政府政策在冲击恢复中的相互作用
Nepomuk Dunz,Arthur Hrast Essenfelder,Andrea Mazzocchetti et al.
Nepomuk Dunz et al.
We assess the individual and compounding impacts of COVID-19 and climate physical risks in the economy and finance, using the EIRIN Stock-Flow Consistent model. We study the interplay between banks' lending decisions and government's policy...
Determinants of individuals' objective and subjective financial fragility during the COVID-19 pandemic [0.03%]
新冠疫情时期的个人主观和客观财务脆弱性及其决定因素
Stefanie Kleimeier,Arvid O I Hoffmann,Marie-Hélène Broihanne et al.
Stefanie Kleimeier et al.
We examine determinants of the objective and subjective financial fragility of 2100 individuals across Australia, France, Germany, and South Africa during the COVID-19 pandemic. Objective financial fragility reflects individuals' (in)abilit...
Akos Horvath,Benjamin Kay,Carlo Wix
Akos Horvath
We study the dynamic effect of the COVID-19 shock on credit card use in 2020. Local case incidence had a strong negative effect on credit card spending in the early months of the pandemic, which diminished over time. This time-varying patte...
Income inequality and entrepreneurship: Lessons from the 2020 COVID-19 recession [0.03%]
收入不平等与创业活动：来自2020年新冠疫情衰退的启示
Christoph Albert,Andrea Caggese,Beatriz González et al.
Christoph Albert et al.
We study entry into entrepreneurship during the COVID-19 recession of 2020 using new data from an extensive survey of more than 24,000 Spanish households, conducted between June and November 2020. We find that while the overall decline in t...
Nhu Tran,Cihan Uzmanoglu
Nhu Tran
We study how investors in the US municipal bond market price the state lockdowns announced during the coronavirus (COVID) pandemic. To begin with, we examine the extent to which state-level COVID developments influence yield spreads of muni...
Reprint of: Do retail traders destabilize financial markets? An investigation surrounding the COVID-19 pandemic [0.03%]
零售交易者是否破坏了金融市场？对COVID-19大流行环境的调查
Ahmed S Baig,Benjamin M Blau,Hassan A Butt et al.
Ahmed S Baig et al.
Existing research suggests that retail trading is associated with volatility in financial markets. To extend the literature, we study the dynamic effects of retail trading on volatility during the COVID-19 pandemic. Using marketable retail ...
Daniel Neukirchen,Nils Engelhardt,Miguel Krause et al.
Daniel Neukirchen et al.
We investigate the value of investor relations (IR) and find firms with strong IR to experience between five and eight percentage points higher stock returns than those with weak IR during the COVID-19 crisis. Firms with better-quality IR a...
Takeo Hoshi,Daiji Kawaguchi,Kenichi Ueda
Takeo Hoshi
We design and conduct a firm-level survey on the use of COVID-19-related government programs, in collaboration with Tokyo Shoko Research, LTD (TSR). Combining the survey results with the financial statements of the respondent firms, we inve...