Study analysing the impact of environmental and social (ES) performance on corporate bond issue spreads in primary markets, showing lower spreads for high-ES firms, particularly for BBB-rated bonds, with key effects linked to product and employee scores and supply dynamics.
Study analysing whether high leverage risk is reflected in leveraged loan pricing, focusing on the 2014 Interagency Clarification’s impact on bank vs. nonbank loan spreads, information asymmetry, and covenant-lite loans from 2011 to 2019.
EBA-related research paper analyzing how asset overhang deters banks from financing disruptive green technologies, risking legacy investments. Examines credit rationing effects on environmental innovation and diffusion in bank-dependent economies, with empirical findings from Belgian firm-level data (2008–2018).
Study analysing how information technology (IT) adoption in banking boosts entrepreneurship by improving startups' access to collateral-based lending, with evidence from US counties showing stronger job creation and credit responsiveness to house price changes.
Study analysing how increased tax scrutiny affects cryptocurrency trading behavior, focusing on tax-loss harvesting and wash trading among U.S. investors and exchanges, with insights on IRS compliance, DeFi, and NFT tax regulation challenges.
Study analysing how mobile cashless payments, particularly via Alipay in China, enhance credit access for underserved groups like the less educated and older populations, using natural experiment data to quantify financial inclusion benefits.
Study analysing how cyberattacks on small US banks reduce depositor trust, trigger deposit outflows to large banks, and weaken local credit access for small businesses, reshaping local banking market structures.
Analysis of how corporate leverage impacts carbon emissions under the EU Emissions Trading System (EU ETS), revealing that highly indebted firms struggle to fund low-carbon transitions, with limited green finance uptake.
ECB research paper analysing how the EU Emissions Trading System (EU ETS) and debt financing support Europe’s low-carbon transition, presented at the 2022 EBA Policy Research Workshop.
EBA Research Workshop paper analysing the link between ESG scores and corporate bond spreads, focusing on cost of capital, investor preferences, and firm-level sustainability responses in primary bond markets.
EBA Banking Stakeholder Group discussion on research examining primary corporate bond markets and social responsibility, covering methodology, data, and findings from a study by Halling, Yu, and Zechner.
EBA workshop paper analysing how extreme weather events and climate change impact mortgage risks in Florida, covering empirical results, scenario analysis, and implications for financial stability and regulatory frameworks.
EBA 2022 Policy Research Workshop paper analysing how environmental consciousness of firms and banks affects bank credit pricing post-Paris Agreement, highlighting the 'green meets green' effect on loan costs.
EBA Policy Research Workshop paper analysing how environmental attitudes impact bank credit costs for firms, focusing on the 'Green meets Green' effect where green banks offer discounts to green firms post-Paris Agreement, based on 2011-2019 syndicated loan data.
Analysis by Jonathan Acosta Smith examining whether green loans in Romania (2010-2020) carried lower credit risk than non-green loans, using loan-level data from 13 banks to assess financial standing, risk, and default probability for policy implications under Pillar 2 requirements.
EBA Policy Research Workshop paper analysing how technological change and asset overhang impact investors, collateral, and firms, with insights from KU Leuven, CEPR, and the National Bank of Belgium (October 2022).
EBA 2022 Policy Research Workshop paper analysing how IT adoption in banking boosts entrepreneurship, particularly for young firms, using theoretical models and empirical data on bank technology and small business lending.
Study by ECB, BIS, IMF, and FRB researchers analysing how information technology investments in banking impact startup financing, entrepreneurship, and credit access, presented at the EEA Annual Meeting 2022.
EBA keynote speech by José-Luis Peydró analysing banks' role in reducing carbon emissions through lending, climate policies, and decarbonization challenges, including transition risks and regulatory pressures from central banks and stress tests.
ECB speech at EBA workshop on macroprudential policy's role in addressing financial stability risks from climate change and technological innovation in banking, covering vulnerabilities, risks, and policy responses as of October 2022.