Summary Focus We study how firms form inflation expectations in an environment of relatively high and volatile inflation, as is the case of many developing economies. This is in contrast to previous studies that focus on developed countries. Contrib...
Summary Focus How is mortgage credit affected by macroprudential regulation? We look at how a change in regulation affecting loan loss provisions for mortgage credit risk affected the Chilean mortgage credit market. Contribution A growing body of l...
The EIB will lend EUR 100 million through Funding Circle, a leading global platform for small business loans. This investment, alongside a further EUR 25 million from a leading global asset manager, will support over 2,000 small businesses in Germany a...
The financial community’s most important action with regard to climate change has happened in the last few years: many stakeholders in the financial industry, and central bankers, too, have realised that climate change is not an issue for next century. It’s an issue for now, and it’s a topic not only for other sectors but…
Serafin J. Grundl and You Suk Kim | The U.S. government guarantees a majority of residential mortgages, which is often justified as a means to promote homeownership. In this paper we use property-level data to estimate the effect of government mortgage...
The Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) today announced the opening of registration for their 2019 National Compliance Outreach Program for Broker-Dealers, which will be held June 27, 2019, i...
As announced by French Minister for the Armed Forces Florence Parly during her trip to Palaiseau on 10 January, the EIB is to provide ONERA with a EUR 47m loan to modernise its wind tunnel facilities, which are the most extensive in Europe.
The EIB and Aena will be working together to improve the environmental impact of Spanish airports. Under the finance contract signed by EU bank Vice-President Emma Navarro and Aena Executive Director Maurici Lucena today in Madrid, the EIB will grant a...
Francesca Loria, Christian Matthes, and Donghai Zhang | What drives macroeconomic tail risk? To answer this question, we borrow a definition of macroeconomic risk from Adrian et al. (2019) by studying (left-tail) percentiles of the forecast distributio...