Zobrazeno 1 - 10
of 32
pro vyhledávání: '"Jean-Stéphane Mésonnier"'
Publikováno v:
The European Journal of Finance. 29:86-110
How is corporate investment affected by the weighted average cost of capital (WACC)? Since existing studies focus on listed firms, little is known of the case of private firms, in spite of their re...
Publikováno v:
Journal of Money, Credit and Banking
Journal of Money, Credit and Banking, Wiley, 2022, 54 (2-3), pp.425-458. ⟨10.1111/jmcb.12851⟩
Journal of Money, Credit and Banking, Wiley, In press, pp.jmcb.12851. ⟨10.1111/jmcb.12851⟩
Journal of Money, Credit and Banking, Wiley, 2022, 54 (2-3), pp.425-458. ⟨10.1111/jmcb.12851⟩
Journal of Money, Credit and Banking, Wiley, In press, pp.jmcb.12851. ⟨10.1111/jmcb.12851⟩
Major central banks often accept pooled individual corporate loans as collateral in their refinancing operations with credit institutions. Such ``eligible'' loans to firms therefore provide a liquidity advantage to the banks that originate them. Bank
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::323727ffae7bf897a504bbfe483ba657
https://hal-amu.archives-ouvertes.fr/hal-03590200
https://hal-amu.archives-ouvertes.fr/hal-03590200
Autor:
Banque de France RPS Submitter, Anne Duquerroy, Clément Mazet-Sonilhac, Jean-Stéphane Mésonnier, Daniel Paravisini
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
In this paper, we show that exporters react more strongly to a cut in tariffs by a distant country when their banks have already been specializing in funding exports to this country. To make our case, we build upon a theoretical model where an inform
Publikováno v:
SSRN Electronic Journal.
Autor:
Jean-Stéphane Mésonnier
Publikováno v:
Climate Policy
Climate Policy, Taylor & Francis, In press, pp.1-12. ⟨10.1080/14693062.2021.2012121⟩
Climate Policy, Taylor & Francis, In press, pp.1-12. ⟨10.1080/14693062.2021.2012121⟩
I investigate whether and how banks align green words, in terms of their commitments to tackle climate change, with deeds in terms of credit allocation across carbon-intensive industries in France. I use data on bank credit exposures to large versus
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::fab497e668fb33fcba653b95754bd065
Publikováno v:
Journal of International Economics
Journal of International Economics, Elsevier, In press, 135, pp.103569. ⟨10.1016/j.jinteco.2022.103569⟩
Journal of International Economics, Elsevier, In press, 135, pp.103569. ⟨10.1016/j.jinteco.2022.103569⟩
International audience; Exporting firms face foreign exchange risk when the export contract is invoiced in a foreign currency. For instance, for firms located outside of the United States, the US dollar is often used as a vehicle currency. The cost o
Autor:
Jean-Stéphane Mésonnier, Benoît Nguyen
Publikováno v:
SSRN Electronic Journal.
We investigate the real effects of mandatory climate-related disclosure by financial institutions on the funding of carbon-intensive industries. Our impact metric is the amount invested into securities, bonds and stocks, issued by fossil fuel compani
Publikováno v:
Journal of Applied Econometrics. 33:763-779
We estimate time‐varying national natural real rates of interest (r∗) for the four largest economies of the euro area over 1999–2016. We further derive the associated national real interest rate gaps, which gauge the perceived monetary policy s
Publikováno v:
Journal of the European Economic Association. 17:1070-1106
We exploit the Eurosystem’s longer-term refinancing operations (LTROs) of 2011–2012 to assess whether a large provision of central bank liquidity to banks during a financial crisis has a positive impact on banks’ credit supply to firms. We cont