José-Luis Peydró

Imperial College London

South Kensington Campus

Exhibition Road

London, Greater London SW7 2AZ

United Kingdom

Centre for Economic Policy Research (CEPR)

London

United Kingdom

Universitat Pompeu Fabra - Faculty of Economic and Business Sciences

Ramon Trias Fargas 25-27

Barcelona, Barcelona 08005

Spain

http://https://sites.google.com/site/joseluispeydroswebpage/

SCHOLARLY PAPERS

87

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Top 1,606

in Total Papers Downloads

36,034

TOTAL CITATIONS
Rank 303

SSRN RANKINGS

Top 303

in Total Papers Citations

1,785

Scholarly Papers (87)

1.
Downloads 4,585 ( 4,417)
Citation 31

Carbon Emissions and the Bank-Lending Channel

European Corporate Governance Institute – Finance Working Paper No. 991/2024
Number of pages: 65 Posted: 03 Sep 2021 Last Revised: 06 Jul 2024
Marcin T. Kacperczyk and José-Luis Peydró
Imperial College London - Accounting, Finance, and Macroeconomics and Imperial College London
Downloads 4,583 (4,348)
Citation 31

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carbon emissions, bank lending, cost of debt, real effects, environmental performance

Carbon Emissions and the Bank-Lending Channel

CEPR Discussion Paper No. DP16778
Number of pages: 57 Posted: 04 Feb 2022
Marcin T. Kacperczyk and José-Luis Peydró
Imperial College London - Accounting, Finance, and Macroeconomics and Imperial College London
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bank lending, Carbon Emissions, environmental performance, greenwashing, Real effects

Macroprudential Policy, Countercyclical Bank Capital Buffers and Credit Supply: Evidence from the Spanish Dynamic Provisioning Experiments

European Banking Center Discussion Paper No. 2012-011
Number of pages: 44 Posted: 01 May 2012 Last Revised: 08 Aug 2015
Banco de España, University of Zurich - Department Finance, Imperial College London and Banco de España
Downloads 2,068 (15,553)
Citation 26

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bank capital, dynamic provisioning, credit availability, financial crisis

Macroprudential Policy, Countercyclical Bank Capital Buffers and Credit Supply: Evidence from the Spanish Dynamic Provisioning Experiments

National Bank of Belgium Working Paper No. 231
Number of pages: 67 Posted: 13 Oct 2012
Banco de España, University of Zurich - Department Finance, Imperial College London and Banco de España
Downloads 761 (67,190)
Citation 100

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bank capital, dynamic provisioning, credit availability, financial crisis

Hazardous Times for Monetary Policy: What Do Twenty-Three Million Bank Loans Say about the Effects of Monetary Policy on Credit Risk-Taking?

CentER Discussion Paper Series No. 2007-75, AFA 2009 San Francisco Meetings Paper
Number of pages: 54 Posted: 03 Oct 2007 Last Revised: 13 May 2013
Banco de España, University of Zurich - Department Finance, Imperial College London and Banco de España
Downloads 1,084 (41,346)
Citation 368

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monetary policy, financial stability, credit risk, credit supply composition, business cycle, bank capital

Hazardous Times for Monetary Policy: What Do Twenty-Three Million Bank Loans Say about the Effects of Monetary Policy on Credit Risk-Taking?

Banco de Espana Working Paper No. 0833
Number of pages: 49 Posted: 27 Jan 2009
Banco de España, University of Zurich - Department Finance, Imperial College London and Banco de España
Downloads 759 (67,510)
Citation 86

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monetary policy, low interest rates, financial stability, lending standards, credit risk-taking, credit composition, business cycle, liquidity risk

4.

The Real Effects of the Bank Lending Channel

Number of pages: 51 Posted: 11 Sep 2010 Last Revised: 20 Nov 2014
Banco de España, Princeton University - Department of Economics, Imperial College London and Banco de España
Downloads 1,791 (19,924)

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lending channel, securitization, banking crises, Spain

Financial crises and political radicalization: How failing banks paved Hitler's path to power

Journal of Finance, Forthcoming
Number of pages: 72 Posted: 28 Mar 2018 Last Revised: 20 Sep 2021
Bank for International Settlements, Board of Governors of the Federal Reserve System, Imperial College London and University of Zurich - UBS International Center of Economics in Society
Downloads 1,333 (30,603)
Citation 29

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financial crises, political extremism, populism, anti-Semitism, Great Depression

Financial Crises and Political Radicalization: How Failing Banks Paved Hitler&Apos;S Path to Power

CEPR Discussion Paper No. DP12806
Number of pages: 71 Posted: 26 Mar 2018 Last Revised: 09 Nov 2021
Bank for International Settlements, Board of Governors of the Federal Reserve System, Imperial College London and University of Zurich - UBS International Center of Economics in Society
Downloads 3 (1,298,529)
Citation 2
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Anti-Semitism, Culture, financial crisis, Great Depression, political extremism, populism

6.

Monetary Policy, Risk-Taking and Pricing: Evidence from a Quasi-Natural Experiment

European Banking Center Discussion Paper No. 2009-04S, CentER Discussion Paper Series No. 2009-31S
Number of pages: 52 Posted: 26 May 2009 Last Revised: 01 Jul 2014
Vasso Ioannidou, Steven Ongena and José-Luis Peydró
Bayes Business School (formerly Cass)Centre for Economic Policy Research (CEPR), University of Zurich - Department Finance and Imperial College London
Downloads 1,100 (41,150)
Citation 41

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low federal funds rate, lending standards, bank agency problems, credit and liquidity risk, subprime borrowers

7.
Downloads 1,074 (42,576)
Citation 10

Monetary Policy and Inequality

Univ. of Copenhagen Dept. of Economics Discussion Paper, CEBI Working Paper 09/22
Number of pages: 83 Posted: 15 Sep 2022 Last Revised: 22 Mar 2023
University of Copenhagen - Department of Economics, University of Copenhagen, University of Copenhagen and Imperial College London
Downloads 622 (87,211)
Citation 10

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Monetary policy, Inequality, Household heterogeneity, Risky assets, Leverage

Monetary Policy and Inequality

Journal of Finance, Forthcoming
Number of pages: 82 Posted: 18 Aug 2022
University of Copenhagen - Department of Economics, University of Copenhagen, University of Copenhagen and Imperial College London
Downloads 450 (130,233)

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Monetary policy, Inequality, Household heterogeneity, Risky assets, Leverage

Monetary Policy and Inequality

CEPR Discussion Paper No. DP15599
Number of pages: 73 Posted: 31 Mar 2021
University of Copenhagen - Department of Economics, University of Copenhagen, University of Copenhagen and Imperial College London
Downloads 2 (1,308,428)
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8.
Downloads 786 (58,872)
Citation 22

Double Bank Runs and Liquidity Risk Management

Number of pages: 57 Posted: 17 Feb 2015 Last Revised: 17 Nov 2017
Universitat Pompeu Fabra - Faculty of Economic and Business SciencesBarcelona Graduate School of Economics, Imperial College London, Luiss Guido Carli University - Department of Economics and Finance and Bank of Italy
Downloads 785 (64,499)
Citation 5

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Credit lines; Liquidity risk; Financial crisis; Runs; Risk management

Double Bank Runs and Liquidity Risk Management

CEPR Discussion Paper No. DP10948
Number of pages: 49 Posted: 27 Nov 2015
Universitat Pompeu Fabra - Faculty of Economic and Business SciencesBarcelona Graduate School of Economics, Imperial College London, Luiss Guido Carli University - Department of Economics and Finance and Bank of Italy
Downloads 1 (1,319,479)
Citation 17
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credit lines, financial crisis, liquidity risk, risk management, runs

Interbank Contagion at Work: Evidence from a Natural Experiment

Review of Financial Studies, Forthcoming
Number of pages: 47 Posted: 18 Apr 2006 Last Revised: 09 Nov 2009
Rajkamal Iyer and José-Luis Peydró
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Imperial College London
Downloads 693 (75,949)
Citation 2

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Contagion, banking crisis, interbank market, runs

Interbank Contagion at Work: Evidence from a Natural Experiment

ECB Working Paper No. 1147
Number of pages: 66 Posted: 26 Jan 2010
Rajkamal Iyer and José-Luis Peydró
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Imperial College London
Downloads 157 (381,630)
Citation 20

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Contagion, Systemic Risk, Macro-Prudential Analysis, Deposit Insurance, Interbank Market, Wholesale Depositors, Bank Runs, Banking Crisis, Liquidity Dry-ups

The Rise of Shadow Banking: Evidence from Capital Regulation

Number of pages: 88 Posted: 20 Apr 2018 Last Revised: 29 Feb 2020
Rustom M. Irani, Rajkamal Iyer, Ralf Meisenzahl and José-Luis Peydró
University of Illinois at Urbana-Champaign - Department of Finance, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Federal Reserve Bank of Chicago and Imperial College London
Downloads 614 (88,701)
Citation 28

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Shadow Banks; Risk-Based Capital Regulation; Basel III; Interactions Between Banks and NonBanks; Trading by Banks; Distressed Debt

The Rise of Shadow Banking: Evidence from Capital Regulation

FEDS Working Paper No. 2018-39
Number of pages: 56 Posted: 28 Jun 2018 Last Revised: 29 Apr 2020
Rustom M. Irani, Rajkamal Iyer, Ralf Meisenzahl and José-Luis Peydró
University of Illinois at Urbana-Champaign - Department of Finance, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Federal Reserve Bank of Chicago and Imperial College London
Downloads 219 (281,661)
Citation 2

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The Rise of Shadow Banking: Evidence from Capital Regulation

CEPR Discussion Paper No. DP12913
Number of pages: 91 Posted: 24 May 2018 Last Revised: 16 Jun 2020
Rustom M. Irani, Rajkamal Iyer, Ralf Meisenzahl and José-Luis Peydró
University of Illinois at Urbana-Champaign - Department of Finance, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Federal Reserve Bank of Chicago and Imperial College London
Downloads 2 (1,308,428)
Citation 1
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Basel III, Distressed debt, Interactions between banks and nonbanks, Risk-based capital regulation, Shadow banks, Trading by banks

11.

Monetary Policy, Inflation, and Crises: Evidence From History and Administrative Data

Number of pages: 58 Posted: 20 Dec 2022 Last Revised: 07 Jun 2023
Banco de España, Universitat Pompeu Fabra, Imperial College London and Universitat Pompeu Fabra
Downloads 761 (68,249)
Citation 3

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banking crises, monetary policy, financial stability, credit, asset prices, banks, macro-finance

Trusting the Bankers: A New Look at the Credit Channel of Monetary Policy

Number of pages: 39 Posted: 27 Feb 2011 Last Revised: 30 Aug 2013
Angela Maddaloni, Matteo Ciccarelli and José-Luis Peydró
European Central Bank (ECB), European Central Bank (ECB) and Imperial College London
Downloads 383 (157,089)
Citation 24

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Credit channel, Firm and household balance-sheet channels, Bank lending channel, Credit crunch, Credit supply, Monetary policy.

Trusting the Bankers: A New Look at the Credit Channel of Monetary Policy

ECB Working Paper No. 1228
Number of pages: 61 Posted: 26 Jul 2010
Matteo Ciccarelli, Angela Maddaloni and José-Luis Peydró
European Central Bank (ECB), European Central Bank (ECB) and Imperial College London
Downloads 362 (167,440)
Citation 34

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Non-financial borrower balance-sheet channel, Bank lending channel, Credit channel, Credit crunch, Lending standards, Monetary policy

13.

Do Demand or Supply Factors Drive Bank Credit, In Good and Crisis Times?

European Banking Center Discussion Paper No. 2012-003, CentER Discussion Paper Series No. 2012-005
Number of pages: 35 Posted: 05 Jan 2012 Last Revised: 28 Apr 2017
Banco de España, University of Zurich - Department Finance, Imperial College London and Banco de España
Downloads 721 (73,372)

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bank lending channel, credit supply, business cycle, credit crunch, capital

Banking Supervision, Monetary Policy and Risk-Taking: Big Data Evidence from 15 Credit Registers

Number of pages: 46 Posted: 04 Jan 2020
Carlo Altavilla, Miguel Boucinha, José-Luis Peydró and Frank Smets
European Central Bank (ECB), European Central Bank (ECB), Imperial College London and Ghent University - Department of General Economics
Downloads 657 (81,320)
Citation 1

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AnaCredit, banking, euro area crisis, monetary policy, supervision

Banking Supervision, Monetary Policy and Risk-Taking: Big Data Evidence from 15 Credit Registers

CEPR Discussion Paper No. DP14288
Number of pages: 47 Posted: 14 Jan 2020
Carlo Altavilla, Miguel Boucinha, José-Luis Peydró and Frank Smets
European Central Bank (ECB), European Central Bank (ECB), Imperial College London and Ghent University - Department of General Economics
Downloads 1 (1,319,479)
Citation 11
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AnaCredit, Banking, euro area crisis, monetary policy, Supervision

Global Financial Cycle, Household Credit, and Macroprudential Policies

Management Science, Forthcoming
Number of pages: 59 Posted: 30 Sep 2017 Last Revised: 10 Mar 2023
Mircea Epure, Irina Mihai, Camelia Minoiu and José-Luis Peydró
Universitat Pompeu Fabra - Department of Economics and Business, National Bank of Romania, Federal Reserve Bank of Atlanta and Imperial College London
Downloads 484 (119,265)
Citation 9

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global financial cycle, macroprudential policies, boom-bust credit cycle, bank loans to households and firms, credit registry, emerging markets

Household Credit, Global Financial Cycle, and Macroprudential Policies: Credit Register Evidence from an Emerging Country

IMF Working Paper No. 18/13
Number of pages: 47 Posted: 20 Feb 2018 Last Revised: 18 Nov 2021
Mircea Epure, Irina Mihai, Camelia Minoiu and José-Luis Peydró
Universitat Pompeu Fabra - Department of Economics and Business, National Bank of Romania, Federal Reserve Bank of Atlanta and Imperial College London
Downloads 167 (361,851)
Citation 1

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Household credit, Romania, Europe, Central banks and their policies, macroprudential policies, global financial cycle, cross-border spillovers, General

Systemic Risk and Monetary Policy: The Haircut Gap Channel of the Lender of Last Resort

Number of pages: 92 Posted: 01 Jun 2021 Last Revised: 31 May 2023
Columbia University, Barnard College - Department of Economics, European Central Bank (ECB), European Central Bank (ECB) - Directorate General Research, Imperial College London and Columbia Business School
Downloads 644 (83,375)
Citation 2

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Central Bank Liquidity, Haircuts, Collateral, Bank Risk Concentration, Systemic Risk

Systemic Risk and Monetary Policy: The Haircut Gap Channel of the Lender of Last Resort

CEPR Discussion Paper No. DP16240
Number of pages: 73 Posted: 14 Jul 2021
Columbia University, Barnard College - Department of Economics, European Central Bank (ECB), European Central Bank (ECB) - Directorate General Research, Imperial College London and Columbia Business School
Downloads 1 (1,319,479)
Citation 5
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17.

The International Bank Lending Channel of Monetary Policy Rates and Quantitative Easing: Credit Supply, Reach-for-Yield, and Real Effects

World Bank Policy Research Working Paper No. 7216
Number of pages: 47 Posted: 20 Apr 2016
Board of Governors of the Federal Reserve System, Imperial College London and World BankWorld Bank - Development Research Group (DECRG)
Downloads 589 (94,777)
Citation 2

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Access to Finance, Debt Markets, Bankruptcy and Resolution of Financial Distress, Banks & Banking Reform, Economic Stabilization

Credit Supply: Identifying Balance-Sheet Channels with Loan Applications and Granted Loans

ECB Working Paper No. 1179
Number of pages: 61 Posted: 26 Apr 2010
Banco de España, University of Zurich - Department Finance, Imperial College London and Banco de España
Downloads 413 (144,270)

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non-financial and financial borrower balance-sheet channels, financial accelerator, firm borrowing capacity, credit supply, business cycle, monetary policy, credit channel, net worth, capital, liquidity, 2007-09 crisis

Credit Supply: Identifying Balance-Sheet Channels with Loan Applications and Granted Loans

Banco de Espana Working Paper No. 1030
Number of pages: 44 Posted: 01 Oct 2010
Banco de España, University of Zurich - Department Finance, Imperial College London and Banco de España
Downloads 151 (394,580)
Citation 61

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Non-Financial and Financial Borrower Balance-Sheet Channels, Financial Accelerator, Firm Borrowing Capacity, Credit Supply, Business Cycle, Monetary Policy, Credit Channel, Net Worth, Capital, Liquidity, 2007-09 Crisis

Credit Supply: Identifying Balance-Sheet Channels with Loan Applications and Granted Loans

CEPR Discussion Paper No. DP7655
Number of pages: 53 Posted: 08 Feb 2010
Banco de España, University of Zurich - Department Finance, Imperial College London and Banco de España
Downloads 7 (1,254,567)
Citation 2
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credit supply, financial accelerator, firm borrowing capacity, non-financial and financial borrower balance-sheet channels

19.

The Euro Area Bank Lending Survey Matters: Empirical Evidence for Credit and Output Growth

ECB Working Paper No. 1160
Number of pages: 32 Posted: 10 Mar 2010
Gabe de Bondt, Angela Maddaloni, José-Luis Peydró and Silvia Scopel
European Central Bank (ECB), European Central Bank (ECB), Imperial College London and European Central Bank (ECB)
Downloads 561 (100,790)
Citation 4

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bank lending survey, credit cycle, business cycle, monetary policy transmission, euro area

Securities Trading by Banks and Credit Supply: Micro-Evidence from the Crisis

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 66 Posted: 27 Feb 2015 Last Revised: 30 Oct 2015
Deutsche Bundesbank, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Imperial College London and Bayes Business School
Downloads 512 (111,461)
Citation 19

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banking, investments, bank capital, credit supply, risk-taking, public subsidies

Securities Trading by Banks and Credit Supply: Micro-Evidence

CEPR Discussion Paper No. DP10480
Number of pages: 51 Posted: 09 Mar 2015
Puriya Abbassi, Rajkamal Iyer, José-Luis Peydró and Francesc R. Tous
Deutsche Bundesbank, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Imperial College London and Deutsche Bundesbank
Downloads 1 (1,319,479)
Citation 1
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bank capital, banking, credit supply, investments, risk-taking

21.

How Does a Shock Propagate? A Model of Contagion in the Interbank Market Due to Financial Linkages

Number of pages: 40 Posted: 12 Mar 2005
José-Luis Peydró and Rajkamal Iyer
Imperial College London and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 529 (108,479)
Citation 3

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Bank runs, coordination risk, financial crisis, contagion, systemic risk, global games.

The Real Effects of Borrower-Based Macroprudential Policy: Evidence from Administrative Household-Level Data

Journal of Monetary Economics, Forthcoming
Number of pages: 16 Posted: 09 Dec 2018 Last Revised: 22 May 2024
Erasmus University, Erasmus University, University of Illinois at Urbana-Champaign - Department of Finance and Imperial College London
Downloads 525 (108,096)
Citation 3

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Macroprudential Policy; Mortgage; Household Leverage; LTV; Solvency-Liquidity Trade-O↵; Consumption Smoothing

Take it to the Limit? The Effects of Household Leverage Caps

CEPR Discussion Paper No. DP13503
Number of pages: 51 Posted: 04 Feb 2019 Last Revised: 29 Jun 2020
Erasmus University, University of Illinois at Urbana-Champaign - Department of Finance, Imperial College London and Erasmus University
Downloads 2 (1,308,428)
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household leverage, Loan-to-value Ratio, macroprudential policy, Residential Mortgages, Solvency vs. Liquidity Tradeoff

Cross-Border Interbank Liquidity, Crises, and Monetary Policy

Journal of International Economics, Vol. 139, November 2022, 103657
Number of pages: 53 Posted: 26 Feb 2015 Last Revised: 10 Jan 2023
Puriya Abbassi, Falk Bräuning, Falko Fecht and José-Luis Peydró
Deutsche Bundesbank, Federal Reserve Bank of Boston, Deutsche Bundesbank and Imperial College London
Downloads 361 (167,962)
Citation 15

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international liquidity, financial crises, cross-border lending, monetary policy, banks.

Cross-Border Liquidity, Relationships and Monetary Policy: Evidence from the Euro Area Interbank Crisis

Bundesbank Discussion Paper No. 45/2014
Number of pages: 54 Posted: 21 Jun 2016
Puriya Abbassi, Falko Fecht, Falk Bräuning and José-Luis Peydró
Deutsche Bundesbank, Deutsche Bundesbank, Federal Reserve Bank of Boston and Imperial College London
Downloads 134 (434,920)
Citation 10

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interbank liquidity, financial crises, monetary policy, credit supply, credit rationing, information asymmetry, euro area, financial globalization

Cross-Border Liquidity, Relationships and Monetary Policy: Evidence from the Euro Area Interbank Crisis

CEPR Discussion Paper No. DP10479
Posted: 09 Mar 2015
Puriya Abbassi, Falk Bräuning, Falko Fecht and José-Luis Peydró
Deutsche Bundesbank, Federal Reserve Bank of Boston, Deutsche Bundesbank and Imperial College London
Downloads 1 (1,319,479)
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credit rationing, credit supply, euro area, financial crises, financial globalization, information asymmetry, interbank liquidity, monetary policy

24.

Nonbanks, Banks, and Monetary Policy: U.S. Loan-Level Evidence since the 1990s

Proceedings of Paris December 2019 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 70 Posted: 29 Oct 2019
David Elliott, Ralf Meisenzahl, José-Luis Peydró and Bryce C. Turner
Bank of England, Federal Reserve Bank of Chicago, Imperial College London and Board of Governors of the Federal Reserve System
Downloads 479 (122,234)
Citation 9

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Monetary Policy at Work: Security and Credit Application Registers Evidence

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 78 Posted: 26 Apr 2017 Last Revised: 10 Sep 2020
José-Luis Peydró, Andrea Polo and Enrico Sette
Imperial College London, Luiss Guido Carli University - Department of Economics and Finance and Bank of Italy
Downloads 463 (125,789)
Citation 24

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securities, credit supply, bank capital, monetary policy, reach-for-yield

Monetary Policy at Work: Security and Credit Application Registers Evidence

CEPR Discussion Paper No. DP12011
Number of pages: 91 Posted: 02 May 2017 Last Revised: 16 Jun 2020
José-Luis Peydró, Andrea Polo and Enrico Sette
Imperial College London, Luiss Guido Carli University - Department of Economics and Finance and Bank of Italy
Downloads 5 (1,278,257)
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available for sale, bank capital, credit, Euro Area Sovereign Debt crisis, held to maturity, Lehman crisis, monetary policy, reach-for-yield, securities, trading book

26.

Monetary Policy, Macroprudential Policy and Banking Stability: Evidence from the Euro Area

ECB Working Paper No. 1560
Number of pages: 48 Posted: 19 Jul 2013
Angela Maddaloni and José-Luis Peydró
European Central Bank (ECB) and Imperial College London
Downloads 467 (125,974)
Citation 7

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Monetary policy, macroprudential policy and banking stability

27.

Bank Risk-Taking, Securitization, Supervision, and Low Interest Rates: Evidence from Lending Standards

AFA 2011 Denver Meetings Paper
Number of pages: 57 Posted: 18 Mar 2010
José-Luis Peydró and Angela Maddaloni
Imperial College London and European Central Bank (ECB)
Downloads 455 (129,951)
Citation 5

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financial crisis, bank risk-taking, bank lending

28.

Interbank Liquidity Crunch and the Firm Credit Crunch: Evidence from the 2007-2009 Crisis

Number of pages: 44 Posted: 11 May 2013
Massachusetts Institute of Technology (MIT) - Sloan School of Management, European Central Bank (ECB), Imperial College London and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 444 (133,891)
Citation 99

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banking crisis, Interbank markets, Liquidity, Real effects, small businesses

Monetary Policy, Labor Income Redistribution and the Credit Channel: Evidence from Matched Employer-Employee and Credit Registers

Number of pages: 59 Posted: 28 Sep 2021 Last Revised: 17 Nov 2021
Columbia University, Barnard College - Department of Economics, European Central Bank (ECB) - Directorate General Research, University of Naples Federico II, CSEF - Center for Studies in Economics and Finance, Students, Imperial College London and Columbia Business School
Downloads 432 (136,777)

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Monetary policy, Labor income inequality, Firm balance sheet channel, Bank lending channel, Capital-skill complementarity.

Monetary Policy, Labor Income Redistribution and the Credit Channel: Evidence from Matched Employer-Employee and Credit Registers

CEPR Discussion Paper No. DP16549
Number of pages: 62 Posted: 27 Sep 2021
Columbia University, Barnard College - Department of Economics, European Central Bank (ECB) - Directorate General Research, University of Naples Federico II, CSEF - Center for Studies in Economics and Finance, Students, Imperial College London and Columbia Business School
Downloads 1 (1,319,479)
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Public Guarantees, Relationship Lending and Bank Credit: Evidence from the COVID-19 Crisis

Number of pages: 77 Posted: 15 Mar 2022
Banco de España, European Central Bank (ECB), Charles III University of Madrid and Imperial College London
Downloads 421 (141,009)

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Public guarantees, bank lending, COVID-19, bank lending relationships, public and public risk substitution, bank competition

Public Guarantees, Relationship Lending and Bank Credit: Evidence from the COVID-19 Crisis

CEPR Discussion Paper No. DP17110
Number of pages: 80 Posted: 04 Apr 2022
Banco de España, European Central Bank (ECB), Charles III University of Madrid and Imperial College London
Downloads 5 (1,278,257)
Citation 1
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Bank Competition, bank lending, Bank lending relationships, COVID-19, public and private risk substitution, public guarantees

31.

Quantitative Easing, Investment, and Safe Assets: The Corporate-Bond Lending Channel

Number of pages: 46 Posted: 26 May 2020 Last Revised: 18 Jan 2024
Erasmo Giambona, Rafael Matta, José-Luis Peydró and Ye Wang
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, SKEMA Business School - Université Côte d'Azur, Imperial College London and School of Banking and Finance, University of International Business and Economics
Downloads 395 (153,256)
Citation 6

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Quantitative Easing (QE), Corporate-Bond Lending Channel, Investment, Safe Assets, Financing

Risk Mitigating versus Risk Shifting: Evidence from Banks Security Trading in Crises

European Corporate Governance Institute – Finance Working Paper 713/2020
Number of pages: 74 Posted: 22 Nov 2020 Last Revised: 18 Mar 2023
José-Luis Peydró, Andrea Polo, Enrico Sette and Victoria Vanasco
Imperial College London, Luiss Guido Carli University - Department of Economics and Finance, Bank of Italy and CREi
Downloads 382 (157,573)
Citation 1

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risk shifting, financial crises, securities, bank capital, reach for yield, uncertainty, risk weights, supervision, franchise value, COVID-19.

Risk Mitigating Versus Risk Shifting: Evidence from Banks Security Trading in Crises

CEPR Discussion Paper No. DP15473
Number of pages: 58 Posted: 02 Dec 2020 Last Revised: 03 Dec 2020
José-Luis Peydró, Andrea Polo and Enrico Sette
Imperial College London, Luiss Guido Carli University - Department of Economics and Finance and Bank of Italy
Downloads 3 (1,298,529)
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Expansionary Yet Different: Credit Supply and Real Effects of Negative Interest Rate Policy

Bank of Italy Temi di Discussione (Working Paper) No. 1269, Journal of Financial Economics (JFE), Forthcoming
Number of pages: 69 Posted: 28 May 2020 Last Revised: 22 Nov 2021
Bank of Italy, Federal Reserve Bank of Atlanta, Imperial College London, Luiss Guido Carli University - Department of Economics and Finance, International Monetary Fund (IMF) and Bank of Italy
Downloads 355 (171,032)
Citation 18

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negative nominal interest rates; firm-level real effects; portfolio rebalancing; liquidity management; monetary policy

Expansionary Yet Different: Credit Supply and Real Effects of Negative Interest Rate Policy

CEPR Discussion Paper No. DP14233
Number of pages: 64 Posted: 14 Jan 2020 Last Revised: 16 Jun 2020
Bank of Italy, Federal Reserve Bank of Atlanta, Imperial College London, Luiss Guido Carli University - Department of Economics and Finance, International Monetary Fund (IMF) and Bank of Italy
Downloads 3 (1,298,529)
Citation 96
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bank lending channel of monetary policy, eurozone crisis, Liquidity management, Negative Interest Rates, Portfolio rebalancing

Anticipating the Financial Crisis: Evidence from Insider Trading in Banks

Number of pages: 45 Posted: 15 May 2016
Ozlem Akin, Jose M. Marin and José-Luis Peydró
Ozyegin University, Charles III University of Madrid and Imperial College London
Downloads 353 (172,124)

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Financial crises, insider trading, banking, risk-taking, agency problems in firms

Anticipating the Financial Crisis: Evidence from Insider Trading in Banks

CEPR Discussion Paper No. DP11302
Number of pages: 51 Posted: 01 Jun 2016 Last Revised: 16 Aug 2020
Jose M. Marin, Ozlem Akin and José-Luis Peydró
Charles III University of Madrid, Ozyegin University and Imperial College London
Downloads 2 (1,308,428)
Citation 1
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agency problems in firms, Banking, financial crises, insider trading, risk-taking

Monetary Policy and Bank Lending in Developing Countries: Loan Applications, Rates, and Real Effects

Number of pages: 67 Posted: 13 Jun 2017 Last Revised: 09 Mar 2019
Bank of Uganda, Bank of Uganda, Federal Reserve Bank of Atlanta, Imperial College London and International Monetary Fund (IMF)
Downloads 277 (223,028)
Citation 18

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Monetary policy, Bank lending channel, Real effects, Developing countries

Monetary Policy in a Developing Country: Loan Applications and Real Effects

IMF Working Paper No. 15/270
Number of pages: 37 Posted: 03 Feb 2016
Bank of Uganda, Bank of Uganda, Federal Reserve Bank of Atlanta, Imperial College London and International Monetary Fund (IMF)
Downloads 77 (641,902)

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Monetary policy transmission, Bank lending channel, Bank balance sheet channel, Developing countries, bank, banks, credit, lending, interest, Financial Markets and the Macroeconomy, Monetary Policy (Targets, Instruments, and Effects), All Countries,

36.

Monetary Policy and Bank Profitability in a Low Interest Rate Environment

ECB Working Paper No. 2105
Number of pages: 52 Posted: 13 Oct 2017
Carlo Altavilla, Miguel Boucinha and José-Luis Peydró
European Central Bank (ECB), European Central Bank (ECB) and Imperial College London
Downloads 332 (185,463)
Citation 29

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bank profitability, monetary policy, lower bound, quantitative easing, negative rates

37.

Shocks Abroad, Pain at Home? Bank-Firm Level Evidence on the International Transmission of Financial Shocks

CentER Discussion Paper Series No. 2013-040, European Banking Center Discussion Paper No. 2013-007
Number of pages: 45 Posted: 18 Jul 2013 Last Revised: 26 Sep 2015
Steven Ongena, José-Luis Peydró and Neeltje van Horen
University of Zurich - Department Finance, Imperial College London and Bank of England
Downloads 298 (208,215)
Citation 21

Abstract:

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international transmission, firm real effects, foreign banks, international wholesale

Production and Financial Networks in Interplay: Crisis Evidence from Supplier-Customer and Credit Registers

Number of pages: 69 Posted: 20 Dec 2023
IMT School for Advanced Studies Lucca, Banco de España, Banco de España, Imperial College London and Bocconi UniversityUniversidad de Alicante - Department of Economic AnalysisEuropean University Institute
Downloads 287 (214,936)

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networks, supply chains, shock propagation, credit supply, real effects of finance

Production and Financial Networks in Interplay: Crisis Evidence from Supplier-Customer and Credit Registers

CEPR Discussion Paper No. DP15277
Number of pages: 57 Posted: 22 Sep 2020
Imperial College London, Banco de España, IMT School for Advanced Studies Lucca, Banco de España and Bocconi UniversityUniversidad de Alicante - Department of Economic AnalysisEuropean University Institute
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credit supply, networks, real effects of finance, shock propagation, Supply Chains

39.

Combating Corruptions in International Business Transactions

UPF Economics and Business Working Paper No. 670
Number of pages: 29 Posted: 26 Sep 2003
Marco Celentani, Juan-José Ganuza and José-Luis Peydró
Charles III University of Madrid - Department of Economics, Universitat Pompeu Fabra - Faculty of Economic and Business Sciences and Imperial College London
Downloads 281 (221,273)

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International corruption, OECD convention

Monetary and Macroprudential Policy Complementarities: Evidence from European Credit Registers

CEPR Discussion Paper No. DP15539
Number of pages: 61 Posted: 23 Dec 2020
Carlo Altavilla, Luc Laeven and José-Luis Peydró
European Central Bank (ECB), European Central Bank (ECB) and Imperial College London
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Citation 7
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41.

Shock Absorbers and Transmitters: The Dual Facets of Bank Specialization

Number of pages: 48 Posted: 09 Aug 2022 Last Revised: 12 Dec 2022
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Essex - Essex Business School, Imperial College Business School and Imperial College London
Downloads 244 (255,065)
Citation 2

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Bank specialization, industry-specific shocks, real effects, credit growth, financial frictions

42.

Do Demand or Supply Factors Drive Bank Credit, In Good and Crisis Times?

European Banking Center Discussion Paper No. 2012-003, CentER Discussion Paper Series No. 2012-005
Number of pages: 37 Posted: 05 Jan 2012
Banco de España, University of Zurich - Department Finance, Imperial College London and Banco de España
Downloads 244 (256,083)
Citation 25

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bank lending channel, credit supply, business cycle, credit crunch, capital

Hedger of Last Resort: Evidence from Brazilian FX Interventions, Local Credit, and Global Financial Cycles

Banco de Espana Working Paper No. 2014
Number of pages: 53 Posted: 02 Jun 2020 Last Revised: 06 Dec 2021
Banco Central do Brasil, Banco de España, Imperial College London and Luiss Guido Carli University - Department of Economics and Finance
Downloads 168 (359,968)
Citation 10

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foreign exchange, monetary policy, central bank, bank credit, hedging

Hedger of Last Resort: Evidence from Brazilian FX Interventions, Local Credit and Global Financial Cycles

BIS Working Paper No. 832
Number of pages: 50 Posted: 19 Dec 2019
Banco Central do Brasil, Banco de España, Imperial College London and Luiss Guido Carli University - Department of Economics and Finance
Downloads 63 (714,984)

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foreign exchange, monetary policy, central bank, bank credit, hedging

Hedger of Last Resort: Evidence from Brazilian FX Interventions, Local Credit and Global Financial Cycles

CEPR Discussion Paper No. DP12817
Number of pages: 56 Posted: 05 Apr 2018 Last Revised: 04 Feb 2022
Banco Central do Brasil, Banco de España, Imperial College London and Luiss Guido Carli University - Department of Economics and Finance
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Bank credit, central bank, foreign exchange, Hedging, monetary policy

44.

Bank Risk-Taking, Securitization, Supervision and Low Interest Rates: Evidence from the Euro Area and the U.S. Lending Standards

ECB Working Paper No. 1248
Number of pages: 56 Posted: 05 Oct 2010
Angela Maddaloni and José-Luis Peydró
European Central Bank (ECB) and Imperial College London
Downloads 229 (271,151)
Citation 220

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lending standards, monetary policy, securitization, bank capital, financial stability

45.

Capital Flows, Credit Cycles and Macroprudential Policy

BIS Paper No. 86j
Number of pages: 6 Posted: 05 Oct 2016
Government of the Republic of Turkey - Central Bank of the Republic of Turkey, Federal Reserve Banks - Federal Reserve Bank of New York, University of Maryland - Department of Economics, Imperial College London and Government of the Republic of Turkey - Central Bank of the Republic of Turkey
Downloads 224 (276,947)

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46.

Political Connections: Evidence from Insider Trading Around TARP

Number of pages: 39 Posted: 15 Dec 2016 Last Revised: 27 Apr 2018
Ozyegin University, Board of Governors of the Federal Reserve System, University of California, Merced and Imperial College London
Downloads 219 (282,975)
Citation 4

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Political connections, Political economy in banking, Insider Trading, TARP, bank bailouts

47.

The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach-for-Yield, and Real Effects

International Finance Discussion Paper No. 1137
Number of pages: 47 Posted: 08 Oct 2015 Last Revised: 25 Oct 2015
Board of Governors of the Federal Reserve System, Imperial College London and World BankWorld Bank - Development Research Group (DECRG)
Downloads 205 (301,121)
Citation 44

Abstract:

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48.

Nonbanks, Banks, and Monetary Policy: U.S. Loan-Level Evidence since the 1990s

FRB of Chicago Working Paper No. 2022-27
Number of pages: 70 Posted: 22 Jun 2022
David Elliott, Ralf Meisenzahl, José-Luis Peydró and Bryce C. Turner
Bank of England, Federal Reserve Bank of Chicago, Imperial College London and Board of Governors of the Federal Reserve System
Downloads 194 (316,873)

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Nonbank Intermediaries; Banks; Monetary Policy Transmission; Household and Corporate Loans; Credit and Risk-Taking Channel

Forward Looking Loan Provisions: Credit Supply and Risk-Taking

CentER Discussion Paper Series No. 2020-027, European Banking Center Series No. 2020-002
Number of pages: 52 Posted: 17 Nov 2020
Board of Governors of the Federal Reserve System, University of Navarra, IESE Business School, Imperial College London, Independent and Tilburg University, CentER, European Banking Center (EBC)
Downloads 188 (325,246)

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Loan provisions, IFRS9, ECL, corporate real and credit supply effects of accounting, bank risk-taking

Forward Looking Loan Provisions: Credit Supply and Risk-Taking

CEPR Discussion Paper No. DP15278
Number of pages: 55 Posted: 22 Sep 2020
Board of Governors of the Federal Reserve System, University of Navarra, IESE Business School, Imperial College London, Independent and Tilburg University, CentER, European Banking Center (EBC)
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bank risk-taking, corporate real and credit supply effects of accounting, ECL, IFRS9, loan provisions

50.

Shocks Abroad, Pain at Home? Bank-Firm Level Evidence on the International Transmission of Financial Shocks

De Nederlandsche Bank Working Paper No. 385
Number of pages: 48 Posted: 24 Jul 2013
Steven Ongena, José-Luis Peydró and Neeltje van Horen
University of Zurich - Department Finance, Imperial College London and Bank of England
Downloads 180 (339,248)
Citation 19

Abstract:

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international transmission, firm real effects, foreign banks, international wholesale funding, credit shock

51.

Heterogeneous Transmission Mechanism: Monetary Policy and Financial Fragility in the Euro Area

ECB Working Paper No. 1527
Number of pages: 48 Posted: 10 Apr 2013
Matteo Ciccarelli, Angela Maddaloni and José-Luis Peydró
European Central Bank (ECB), European Central Bank (ECB) and Imperial College London
Downloads 170 (356,643)
Citation 18

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Heterogeneity, credit channel, financial crisis, monetary policy, non-standard measures

Financial Regulation, Financial Globalization and the Synchronization of Economic Activity

ECB Working Paper No. 1221
Number of pages: 47 Posted: 19 Jul 2010
Sebnem Kalemli-Ozcan, Elias Papaioannou and José-Luis Peydró
University of Maryland - Department of Economics, Dartmouth College - Department of Economics and Imperial College London
Downloads 114 (494,119)

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Banking Integration, Co-movement, Fluctuations, Financial Legislation

Financial Regulation, Financial Globalization and the Synchronization of Economic Activity

NBER Working Paper No. w14887
Number of pages: 49 Posted: 20 Apr 2009 Last Revised: 05 Sep 2022
Sebnem Kalemli-Ozcan, Elias Papaioannou and José-Luis Peydró
University of Maryland - Department of Economics, Dartmouth College - Department of Economics and Imperial College London
Downloads 56 (757,289)
Citation 18

Abstract:

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53.

Negative Monetary Policy Rates and Systemic Banks’ Risk-Taking: Evidence from the Euro Area Securities Register

ECB Working Paper No. 2398
Number of pages: 42 Posted: 22 Apr 2020
Johannes Bubeck, Angela Maddaloni and José-Luis Peydró
Deutsche Bundesbank, European Central Bank (ECB) and Imperial College London
Downloads 157 (381,635)
Citation 3

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banks, negative rates, non-standard monetary policy, reach-for-yield, securities

Stressed Banks? Evidence from the Largest-Ever Supervisory Review

Deutsche Bundesbank Discussion Paper No. 26/2020
Number of pages: 55 Posted: 30 Apr 2020
Puriya Abbassi, José-Luis Peydró, Rajkamal Iyer and Paul E. Soto
Deutsche Bundesbank, Imperial College London, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Government of the United States of America - Federal Deposit Insurance Corporation (FDIC)
Downloads 78 (637,264)
Citation 2

Abstract:

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Asset quality review, stress tests, supervision, risk-masking, costs of safe assets

Stressed Banks? Evidence from the Largest-Ever Supervisory Review

FDIC Center for Financial Research Paper No. 2020-06
Number of pages: 52 Posted: 20 Nov 2020
Paul E. Soto, Puriya Abbassi, Rajkamal Iyer and José-Luis Peydró
Government of the United States of America - Federal Deposit Insurance Corporation (FDIC), Deutsche Bundesbank, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Imperial College London
Downloads 73 (661,406)

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Asset quality review, stress tests, supervision, risk-masking, costs of safe assets

Macroprudential Policy, Mortgage Cycles and Distributional Effects: Evidence from the UK

Bank of England Working Paper No. 866
Number of pages: 54 Posted: 02 Jun 2020
Imperial College London, Bayes Business School, Bank of England and Bank of England
Downloads 137 (427,277)
Citation 2

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Macroprudential policy, mortgages, credit cycles, inequality, house prices

Macroprudential Policy, Mortgage Cycles and Distributional Effects: Evidence from the UK

CEPR Discussion Paper No. DP15275
Number of pages: 57 Posted: 22 Sep 2020
Imperial College London, Bayes Business School, Bank of England and Bank of England
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Citation 4
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Credit cycles, House Prices, inequality, macroprudential policy, Mortgages

56.

Nonbank lenders as global shock absorbers: evidence from US monetary policy spillovers

Bank of England Working Paper No. 1012
Number of pages: 50 Posted: 03 Apr 2023
David Elliott, Ralf Meisenzahl and José-Luis Peydró
Bank of England, Federal Reserve Bank of Chicago and Imperial College London
Downloads 136 (428,638)

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Nonbank lending, international monetary policy spillovers, global financial cycle, banks, US dollar funding for non-US firms

57.

Local Versus Aggregate Lending Channels: The Effects of Securitization on Corporate Credit Supply

Banco de Espana Working Paper No. 1124
Number of pages: 57 Posted: 06 Oct 2011
Banco de España, affiliation not provided to SSRN, Imperial College London and Banco de España
Downloads 134 (433,716)
Citation 3

Abstract:

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bank lending channel, credit supply, credit demand, macroprudential, real economy effects of finance, securitization

58.

Banks’ Equity Stakes in Firms: A Blessing or Curse in Credit Markets?

Number of pages: 47 Posted: 28 Sep 2021
Deutsche Bundesbank, Imperial College London, VU University AmsterdamVrije Universiteit Amsterdam, School of Business and Economics and Shandong University
Downloads 122 (466,599)

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Universal banks; Credit supply; Bank equity holdings; Debt overhang; Evergreening.

Who Truly Bears (Bank) Taxes? Evidence from Only Shifting Statutory Incidence

Banco de Espana Working Paper No. 2040
Number of pages: 62 Posted: 29 Dec 2020
Gabriel Jiménez, David Martinez Miera and José-Luis Peydró
Banco de España, Charles III University of Madrid and Imperial College London
Downloads 81 (623,386)
Citation 4

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taxes, incidence, banks, inequality, risk-taking, mortgages

Who Truly Bears (Bank) Taxes? Evidence from Only Shifting Statutory Incidence

LawFin Working Paper No. 12
Number of pages: 57 Posted: 15 Dec 2020
David Martinez Miera, Gabriel Jiménez and José-Luis Peydró
Charles III University of Madrid, Banco de España and Imperial College London
Downloads 39 (884,316)

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taxes, incidence, banks, inequality, risk-taking, mortgages

Who Truly Bears (Bank) Taxes? Evidence from Only Shifting Statutory Incidence

CEPR Discussion Paper No. DP15519
Number of pages: 59 Posted: 23 Dec 2020
Gabriel Jiménez, David Martinez Miera and José-Luis Peydró
Banco de España, Charles III University of Madrid and Imperial College London
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60.

Negative Monetary Policy Rates and Portfolio Rebalancing: Evidence from Credit Register Data

IMF Working Paper No. 19/44
Number of pages: 60 Posted: 08 Apr 2019
Bank of Italy, Federal Reserve Bank of Atlanta, Imperial College London, International Monetary Fund (IMF) and Bank of Italy
Downloads 116 (484,782)
Citation 2

Abstract:

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Bank credit, Reserve requirements, Interest rates on loans, Central banks, Bank liquidity, Negative interest rates, portfolio rebalancing, bank lending channel, liquiditymanagement, Eurozone crisis, interbank, credit supply, ex-ante, rebalance, negative rate

61.

What Lies Beneath the Euro's Effect on Financial Integration: Currency Risk, Legal Harmonization, or Trade?

NBER Working Paper No. w15034
Number of pages: 43 Posted: 03 Jun 2009 Last Revised: 30 Jan 2022
Sebnem Kalemli-Ozcan, Elias Papaioannou and José-Luis Peydró
University of Maryland - Department of Economics, Dartmouth College - Department of Economics and Imperial College London
Downloads 109 (507,655)
Citation 1

Abstract:

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62.

Stressed Banks? Evidence from the Largest-Ever Supervisory Review

FEDS Working Paper No. 2023-21
Number of pages: 63 Posted: 05 May 2023
Puriya Abbassi, Rajkamal Iyer, José-Luis Peydró and Paul E. Soto
Deutsche Bundesbank, Imperial College London, Imperial College London and Board of Governors of the Federal Reserve System
Downloads 102 (532,393)

Abstract:

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Corporate real effects from bank credit, Asset quality review, Stress tests, Supervision, Risk-masking, Costs of safe assets

63.
Downloads 102 (532,393)

Media Capture by Banks

Number of pages: 57 Posted: 27 Dec 2021 Last Revised: 04 Apr 2022
Ruben Durante, Andrea Fabiani, Luc Laeven and José-Luis Peydró
National University Singapore, Bank of Italy, European Central Bank (ECB) and Imperial College London
Downloads 97 (556,189)

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Media bias, Banks, Newspapers, Earnings reports, Eurozone crisis

Media Capture by Banks

CEPR Discussion Paper No. DP15260
Number of pages: 60 Posted: 22 Sep 2020 Last Revised: 27 May 2022
Ruben Durante, Andrea Fabiani and José-Luis Peydró
National University Singapore, Bank of Italy and Imperial College London
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banks, Earnings reports, eurozone crisis, media bias, newspapers

64.

Securities Trading by Banks and Credit Supply: Micro-Evidence

Bundesbank Discussion Paper No. 08/2015
Number of pages: 53 Posted: 21 Jun 2016
Puriya Abbassi, Rajkamal Iyer, José-Luis Peydró and Francesc R. Tous
Deutsche Bundesbank, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Imperial College London and Deutsche Bundesbank
Downloads 102 (532,393)
Citation 5

Abstract:

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banking, investments, bank capital, credit supply, risk-taking

65.

The Corporate Real Effects of CIP Deviations

Number of pages: 40 Posted: 29 Nov 2023 Last Revised: 01 Apr 2024
Universitat Pompeu Fabra - Faculty of Economic and Business SciencesBarcelona Graduate School of Economics, Norges Bank, ESSEC Business School, Imperial College London and BI Norwegian Business School
Downloads 97 (550,824)

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CIP deviations, bank lending channel, global banks

Capital Controls, Domestic Macroprudential Policy and the Bank Lending Channel of Monetary Policy

FDIC Center for Financial Research Paper No. 2021-06
Number of pages: 68 Posted: 11 Aug 2021 Last Revised: 06 Jun 2023
Bank of Italy, Central Bank of Colombia, Imperial College London and Government of the United States of America - Federal Deposit Insurance Corporation (FDIC)
Downloads 93 (571,865)
Citation 1

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Capital controls; Macroprudential and monetary policy; Carry trade; Credit supply; Risk-taking.

Capital Controls, Domestic Macroprudential Policy and the Bank Lending Channel of Monetary Policy

CEPR Discussion Paper No. DP16510
Number of pages: 87 Posted: 22 Sep 2021
Imperial College London, Bank of Italy, Central Bank of Colombia and Government of the United States of America - Federal Deposit Insurance Corporation (FDIC)
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capital controls, carry trade, credit supply, macroprudential and monetary policy, risk-taking

What Lies Beneath the Euro's Effect on Financial Integration? Currency Risk, Legal Harmonization, or Trade?

ECB Working Paper No. 1216
Number of pages: 49 Posted: 28 Jun 2010
Sebnem Kalemli-Ozcan, Elias Papaioannou and José-Luis Peydró
University of Maryland - Department of Economics, Dartmouth College - Department of Economics and Imperial College London
Downloads 89 (588,183)
Citation 1

Abstract:

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Financial integration, Law and finance, Euro, European Union, FSAP, Trade, Regulation

What Lies Beneath the Euro's Effect on Financial Integration? Currency Risk, Legal Harmonization, or Trade?

CEPR Discussion Paper No. DP7314
Number of pages: 38 Posted: 15 Jul 2009
Sebnem Kalemli-Ozcan, Elias Papaioannou and José-Luis Peydró
University of Maryland - Department of Economics, Dartmouth College - Department of Economics and Imperial College London
Downloads 4 (1,288,800)
Citation 8
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euro, exchange rate, financial integration, legislation, regulation, trade

68.

Macroprudential and Monetary Policy: Loan-Level Evidence from Reserve Requirements

Number of pages: 45 Posted: 28 Aug 2023 Last Revised: 29 Aug 2023
Central Bank of Uruguay, Imperial College London, Bayes Business School and University of Luxembourg
Downloads 87 (589,418)

Abstract:

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69.

International Financial Integration, Crises, and Monetary Policy: Evidence from the Euro Area Interbank Crises

FRB of Boston Working Paper No. 17-6
Number of pages: 48 Posted: 07 Sep 2017
Puriya Abbassi, Falk Bräuning, Falko Fecht and José-Luis Peydró
Deutsche Bundesbank, Federal Reserve Bank of Boston, Deutsche Bundesbank and Imperial College London
Downloads 79 (628,070)

Abstract:

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financial integration, financial crises, cross-border lending, monetary policy, euro area sovereign crisis, liquidity

70.

Capital Controls, Corporate Debt and Real Effects: Evidence from Boom and Crisis Times

Number of pages: 99 Posted: 31 May 2023
Bank of Italy, Central Bank of Colombia, Imperial College London and Board of Governors of the Federal Reserve System
Downloads 60 (718,110)

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capital controls, firm FX-debt, real effects, macroprudential policy, capital inflows, crises.

Negative Monetary Policy Rates and Systemic Banks' Risk-Taking: Evidence from the Euro Area Securities Register

Deutsche Bundesbank Discussion Paper No. 37/2020
Number of pages: 46 Posted: 04 Aug 2020
Johannes Bubeck, Angela Maddaloni and José-Luis Peydró
Deutsche Bundesbank, European Central Bank (ECB) and Imperial College London
Downloads 51 (790,990)

Abstract:

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Negative Rates, Non-Standard Monetary Policy, Reach-for-Yield, Securities, Banks

Negative Monetary Policy Rates and Systemic Banks' Risk-Taking: Evidence from the Euro Area Securities Register

CEPR Discussion Paper No. DP14988
Number of pages: 44 Posted: 28 Jul 2020 Last Revised: 16 Aug 2020
Johannes Bubeck, Angela Maddaloni and José-Luis Peydró
Deutsche Bundesbank, European Central Bank (ECB) and Imperial College London
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Citation 32
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banks, negative rates, Non-Standard Monetary Policy, reach-for-yield, securities

72.

Local Versus Aggregate Lending Channels: The Effects of Securitization on Corporate Credit Supply in Spain

NBER Working Paper No. w16595
Number of pages: 47 Posted: 13 Dec 2010 Last Revised: 07 May 2023
Banco de España, Princeton University - Department of Economics, Imperial College London and Banco de España
Downloads 51 (773,302)
Citation 1

Abstract:

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73.

Public Guarantees, Private Banks’ Incentives, and Corporate Outcomes: Evidence from the COVID-19 Crisis

ECB Working Paper No. 2024/2913
Number of pages: 61 Posted: 13 Mar 2024
Banco de España, European Central Bank (ECB), Charles III University of Madrid and Imperial College London
Downloads 45 (815,194)

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banking, COVID-19, private incentives, public guarantees, risk-shifting

74.

Nonbank Lenders as Global Shock Absorbers: Evidence from US Monetary Policy Spillovers

FRB of Chicago Working Paper No. 2023-29
Number of pages: 52 Posted: 29 Aug 2023
David Elliott, Ralf Meisenzahl and José-Luis Peydró
Bank of England, Federal Reserve Bank of Chicago and Imperial College London
Downloads 45 (815,194)

Abstract:

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Nonbank lending; International monetary policy spillovers; Global financial cycle; Banks; US dollar funding for non-US firms

75.

Media Capture by Banks

IZA Discussion Paper No. 15214
Number of pages: 59 Posted: 19 May 2022
Ruben Durante, Andrea Fabiani, Luc Laeven and José-Luis Peydró
Universitat Pompeu Fabra, Bank of Italy, European Central Bank (ECB) and Imperial College London
Downloads 38 (869,645)
Citation 1

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media bias, banks, newspapers, earnings reports, Eurozone crisis

Expansionary Austerity: Reallocating Credit Amid Fiscal Consolidation

International Finance Discussion Paper No. 1323
Number of pages: 83 Posted: 11 Aug 2021
Board of Governors of the Federal Reserve System, Bank of Mexico, Imperial College London and World BankWorld Bank - Development Research Group (DECRG)
Downloads 32 (949,226)

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Expansionary Austerity: Reallocating Credit Amid Fiscal Consolidation

CEPR Discussion Paper No. DP16511
Number of pages: 82 Posted: 22 Sep 2021
Board of Governors of the Federal Reserve System, Bank of Mexico, Imperial College London and World BankWorld Bank - Development Research Group (DECRG)
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banks, credit, Crowding out, poverty, Subnational Government Debt

77.

Who Truly Bears (Bank) Taxes?Evidence from Only Shifting Statutory Incidence

Number of pages: 69 Posted: 22 Sep 2023
José-Luis Peydró, Gabriel Jiménez and David Martinez Miera
Imperial College London, Banco de España and Charles III University of Madrid
Downloads 22 (1,026,345)

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tax pass-through, tax incidence, banks, Inequality, risk-taking, mortgages.

78.

Hazardous Times for Monetary Policy: What Do Twenty-Three Million Bank Loans Say about the Effects of Monetary Policy on Credit Risk?

CEPR Discussion Paper No. DP6514
Number of pages: 36 Posted: 05 Jun 2008
Banco de España, University of Zurich - Department Finance, Imperial College London and Banco de España
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Citation 25
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bank organization, business cycle, credit risk, duration analysis, financial stability, lending standards, low interest rates, monetary policy, risk-taking

79.

Financial Integration and Business Cycle Synchronization

CEPR Discussion Paper No. DP7292
Number of pages: 54 Posted: 15 Jul 2009
Sebnem Kalemli-Ozcan, Elias Papaioannou and José-Luis Peydró
University of Maryland - Department of Economics, Dartmouth College - Department of Economics and Imperial College London
Downloads 4 (1,237,542)
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Banks, Business Cycles, Co-movement, Financial Integration, Financial Regulation

80.

Credit Demand vs. Supply Channels: Experimental- and Administrative-Based Evidence

CEPR Discussion Paper No. DP15276
Number of pages: 59 Posted: 22 Sep 2020 Last Revised: 22 Sep 2021
Valentina Michelangeli, José-Luis Peydró and Enrico Sette
Bank of Italy, Imperial College London and Bank of Italy
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banks, credit, Mortgages, risk-taking, SMEs

81.

Banks' Equity Stakes in Firms: A Blessing or Curse in Credit Markets?

CEPR Discussion Paper No. DP16594
Number of pages: 50 Posted: 09 Nov 2021
Deutsche Bundesbank, Imperial College London, VU University AmsterdamVrije Universiteit Amsterdam, School of Business and Economics and Shandong University
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Bank equity holdings, credit supply, Debt overhang, evergreening, Universal banks

82.

Screening and Loan Origination Time: Lending Standards, Loan Defaults and Bank Failures

CEPR Discussion Paper No. DP15445
Number of pages: 43 Posted: 02 Dec 2020 Last Revised: 31 Mar 2021
Banco de España, Banco de España, Imperial College London and Banco de España
Downloads 2 (1,253,926)
Citation 1
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83.

Global Liquidity and Impairment of Local Monetary Policy

CEPR Discussion Paper No. DP15273
Number of pages: 62 Posted: 22 Sep 2020
José-Luis Peydró, Salih Fendoglu and Eda Gulsen
Imperial College London, Government of the Republic of Turkey - Central Bank of the Republic of Turkey and Research and Monetary Policy Department Central Bank of Turkey
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banks, carry trade, emerging markets, Global financial cycle, monetary policy

84.

Nonbanks, Banks, and Monetary Policy: U.S. Loan-Level Evidence Since the 1990s

CEPR Discussion Paper No. DP14989
Number of pages: 73 Posted: 28 Jul 2020 Last Revised: 22 Sep 2021
David Elliott, Ralf Meisenzahl, José-Luis Peydró and Bryce C. Turner
Bank of England, Federal Reserve Bank of Chicago, Imperial College London and Board of Governors of the Federal Reserve System
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Citation 3
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banks, Credit and Risk-Taking Channel, Household and Corporate Loans, monetary policy transmission, Nonbank Intermediaries

85.

Burning Money? Government Lending in a Credit Crunch

CEPR Discussion Paper No. DP13267
Number of pages: 53 Posted: 22 Oct 2018
Banco de España, Imperial College London, Centre for Monetary and Financial Studies (CEMFI) and Banco de España
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Citation 6
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Adverse Selection, credit crunch, credit scoring, crowding-in, Real effects of public credit, state-owned banks

86.

Countercyclical Liquidity Policy and Credit Cycles: Evidence from Macroprudential and Monetary Policy in Brazil

CEPR Discussion Paper No. DP15274
Number of pages: 44 Posted: 22 Sep 2020
Banco Central do Brasil, Banco Central do Brasil, Imperial College London and Government of the Federative Republic of Brazil - Central Bank of Brazil
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Credit cycles, liquidity, macroprudential and monetary policy, reserve requirements

87.

Financial Development and Monetary Policy: Loan Applications, Rates, and Real Effects

CEPR Discussion Paper No. DP12171
Number of pages: 71 Posted: 25 Jul 2017 Last Revised: 16 Aug 2020
Bank of Uganda, Bank of Uganda, Federal Reserve Bank of Atlanta, Imperial College London and International Monetary Fund (IMF)
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Bank credit, bank lending channel, developing countries, Financial Development, monetary policy, Real effects

Other Papers (1)

Total Downloads: 134
1.

Financial Integration and Business Cycle Synchronization

Number of pages: 44 Posted: 21 Mar 2009
Sebnem Kalemli-Ozcan, Elias Papaioannou and José-Luis Peydró
University of Maryland - Department of Economics, London Business School and Imperial College London
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Financial Integration, Banking, Co-movement, Regulation