Zobrazeno 1 - 10
of 26
pro vyhledávání: '"Glenn Schepens"'
Autor:
Johannes Breckenfelder, Bartosz Maćkowiak, David Marques-Ibanez, Conny Olovsson, Alexander A. Popov, Davide Porcellacchia, Glenn Schepens
Publikováno v:
SSRN Electronic Journal.
Autor:
Johannes Breckenfelder, Glenn Schepens
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
Autor:
Glenn Schepens
Publikováno v:
Journal of Money, Credit and Banking. 52:193-195
Publikováno v:
The Review of Financial Studies. 32:3728-3761
We show that negative policy rates affect the supply of bank credit in a novel way. Banks are reluctant to pass on negative rates to depositors, which increases the funding cost of high-deposit banks, and reduces their net worth, relative to low-depo
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
This paper shows that, when the price of emission allowances is sufficiently high, emission trading schemes improve the emission efficiency of highly polluting firms. The efficiency gain comes from a relative decrease in emissions rather than a relat
Autor:
Stefano Corradin, Jens Eisenschmidt, Marie Hoerova, Tobias Linzert, Glenn Schepens, Jean-David Sigaux
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
In this article, we review the nascent literature on the transmission of negative policy rates. We discuss the theory of how the transmission depends on bank balance sheets, and how this changes once policy rates become negative. We review the growin