Banque de France Research Paper Series最新文献_第6页

Monetary Policy and Collateral Constraints Since the European Debt Crisis 欧债危机以来的货币政策与抵押品约束

Banque de France Research Paper Series Pub Date : 2018-03-01 DOI: 10.2139/ssrn.3144349

J. Barthélemy, V. Bignon, Benoît Nguyen

引用次数: 6

Eurosystem's Asset Purchases and Money Market Rates 欧元体系的资产购买和货币市场利率

Banque de France Research Paper Series Pub Date : 2017-12-01 DOI: 10.2139/ssrn.3082767

W. Arrata, Benoît Nguyen, Imène Rahmouni-Rousseau, Miklos Vari

引用次数: 7

Price Dispersion, Private Uncertainty, And Endogenous Nominal Rigidities 价格分散、私人不确定性和内生名义刚性

Banque de France Research Paper Series Pub Date : 2017-12-01 DOI: 10.2139/ssrn.3095498

Gaetano Gaballo

引用次数: 19

Misallocation Before, During and After the Great Recession 大衰退之前、期间和之后的错配

Banque de France Research Paper Series Pub Date : 2017-12-01 DOI: 10.2139/ssrn.3095507

T. Libert

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引用次数: 3

SMEs’ Financing: Divergence Across Euro Area Countries? 中小企业融资:欧元区国家的差异?

Banque de France Research Paper Series Pub Date : 2017-12-01 DOI: 10.2139/ssrn.3095517

S. Roux, Frédérique Savignac

{"title":"SMEs’ Financing: Divergence Across Euro Area Countries?","authors":"S. Roux, Frédérique Savignac","doi":"10.2139/ssrn.3095517","DOIUrl":"https://doi.org/10.2139/ssrn.3095517","url":null,"abstract":"This paper studies the divergence/convergence process of European countries as regard the financing behavior of small and medium sized enterprises. Using a firm level and country representative survey, we construct country-time indicators of SMEs’ use of three external financing sources: bank loans, credit line/overdraft and trade credit. These indicators account for composition effects and demand effects. We find substantial differences between countries in the SMEs’ use of the three financing sources. In particular, the cross-country differences related to SMEs’ use of bank loans have significantly increased over the period 2010-2014. This divergence is not related to a global increase in the volatility of this use between countries. Instead, it has been driven by a sharper increase (resp decrease) in the countries where SMEs’ use was initially higher (resp. lower). Finally, we investigate whether SMEs’ uses of financing sources are correlated at the country level with various macroeconomic and banking structure indicators. The results suggest that indicators about banking concentration are good candidates to explain the cross-country divergence of SMEs’ use of bank loans.","PeriodicalId":101534,"journal":{"name":"Banque de France Research Paper Series","volume":"127 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115234214","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Optimal Fiscal Policy with Incomplete Financial Markets 金融市场不完全条件下的最优财政政策

Banque de France Research Paper Series Pub Date : 2017-11-19 DOI: 10.2139/ssrn.3390811

Moustafa Chatzouz

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引用次数: 0

Insight from a Time-Varying VAR Model with Stochastic Volatility of the French Housing and Credit Markets 法国住房和信贷市场随机波动的时变VAR模型

Banque de France Research Paper Series Pub Date : 2017-01-01 DOI: 10.2139/ssrn.2916614

S. Avouyi-Dovi, C. Labonne, R. Lecat, Simon Ray

引用次数: 7

Globalization, Market Structure and Inflation Dynamics 全球化、市场结构与通货膨胀动态

Banque de France Research Paper Series Pub Date : 2016-11-03 DOI: 10.2139/ssrn.2887378

Sophie Guilloux-Nefussi

引用次数: 9

Which Combination of Fiscal and External Imbalances to Determine the Long-Run Dynamics of Sovereign Bond Yields? 财政和外部失衡的哪一种组合决定了主权债券收益率的长期动态?

Banque de France Research Paper Series Pub Date : 2016-11-01 DOI: 10.2139/ssrn.2866447

Mélika Ben Salem, Barbara Castelletti-Font

引用次数: 23

Rationality of Announcements, Business Cycle Asymmetry, and Predictability of Revisions. The Case of French GDP 公告的合理性、经济周期的不对称性与修订的可预测性。以法国GDP为例

Banque de France Research Paper Series Pub Date : 2016-09-01 DOI: 10.2139/ssrn.2834857

M. Mogliani, Thomas Ferrière

引用次数: 21