Publications

EBA paper analysing foreign deposit betas of US banks, showing foreign deposits are 20 percentage points more sensitive to US monetary policy than domestic deposits, increasing banks' net interest rate risk and affecting financial stability and cross-border spillovers.

Study by the Bank for International Settlements and academics analysing the macroeconomic impact of uninsurable business risk on private firms, showing risk causes larger efficiency losses than credit constraints, using firm-level data and a model of entrepreneurial dynamics.

Study by University of Muenster and Maastricht University analysing gender discrimination in international syndicated loan pricing – finds female CFOs face higher loan spreads and smaller loans in countries with negative stereotypes about women executives, with costs varying by cultural attitudes.

Study analysing the connectedness between green and conventional bonds in European financial markets during stress periods like the Russia-Ukraine war and COVID-19, assessing their role in financial stability and systemic risk using Dynamic Nelson-Siegel and TVP-VAR frameworks.

Study analysing how EU banks price climate transition risk in lending, showing specialized banks charge higher rates to high-emission firms but adjust pricing after oil supply shocks, especially during financial stress, highlighting information gaps in climate risk assessment.

Study by Bank of England and University of Padua analysing how cross-border lending by domestic banks boosts domestic productivity, using cross-country and firm-level data from advanced economies, with findings on financial openness and spillover effects.

Study analyzing Federal Reserve swap lines' impact on U.S. dollar funding costs and FX markets, revealing U.S. banks' central role in arbitrage lending and liquidity transmission during stress periods like COVID-19, using global settlement data.

Study analysing the impact of shadow banking on traditional bank stability and market power, using data from 5,559 banks across 27 countries (2009–2023). Examines effects on loans, deposits, and resilience, with insights from China’s Asset Management Reform Plan (AMRP).

Study analysing the UK’s Commercial Credit Data Sharing (CCDS) scheme and open banking’s impact on collateralization in small business lending – examines how data sharing reduces information asymmetry, increases use of floating liens (e.g., accounts receivable, inventory), and improves credit access for firms with annual revenue up to £25 million.

Study by KU Leuven researchers analysing how financial data interoperability, including Open Banking and Open Finance, affects competition, pricing, and welfare in credit and payment markets, highlighting cross-market spillovers and policy design challenges.

EBA research paper analysing the impact of a digital euro on bank riskiness and capital regulation, using a euro area-calibrated model to assess optimal CBDC holding limits, static capital requirements, and dynamic buffers to mitigate financial stability risks.

EBA Policy Workshop presentation analysing climate transition risk in bank lending, covering firm-level exposure, credit and market risk impacts, and challenges in disclosure and risk management frameworks under EU and ECB regulations.

EBA 2025 Policy Research Workshop presentation by Pēteris Kloks analysing dollar supply in swap lines, global demand for U.S. assets, and currency hedging costs in over-the-counter FX swaps.

EBA 2025 Policy Research Workshop presentation analysing how cross-border lending by domestic banks impacts domestic productivity, comparing crowding-out effects and knowledge spillovers in advanced economies and UK firms.

EBA 2025 Policy Research Workshop presentation analysing shadow banking's impact on traditional bank stability, market power, and financial vulnerabilities, with empirical evidence on risk transmission and competitive effects.