Federal Reserve Board study analyzing the financial stability impact of a multi-day cyberattack on a technology service provider, assessing payment disruptions, bank liquidity responses, and the role of contingency planning and Federal Reserve interventions in preventing broader instability.
Study analyzing how green banks offer cheaper loans to environmentally conscious firms post-Paris Agreement (2015), using syndicated loan data to show the 'green meets green' pricing effect and its link to climate policy shifts.
Study analysing how mutual funds adjust portfolio holdings in response to environmental regulatory risks under the US Clean Air Act, focusing on ozone nonattainment designations, firm pollution exposure, and fund performance impacts.
Study by University of Bath and EBA-affiliated researchers analysing how firm-level ESG reputation risk influences debt financing choices, showing firms with higher ESG risks prefer market debt over bank loans to avoid monitoring, with social and governance factors playing key roles.
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).