 | Do Lenders Make Less-Informed Investments in High-Growth Housing Markets? Author/Editor: Sophia Chen, Lev Ratnovski, Yangfan Sun. Release Date:May, 2021 Nonlocal mortgage lenders with greater exposure to high-growth housing markets accept fewer loan applications in these markets and experience greater stock return volatility. When these lenders more...
| Price: $18.00
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| Monetary Policy and Intangible Investment Author/Editor: Robin Döttling, Lev Ratnovski. Release Date:August, 2020 We contrast how monetary policy affects intangible relative to tangible investment. We document that the stock prices of firms with more intangible assets react less to monetary policy shocks, as more...
| Price: $18.00
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| Financial Intermediation and Technology: What's Old, What's New? Author/Editor: Arnoud W A Boot, Peter Hoffmann, Luc Laeven, Lev Ratnovski. Release Date:August, 2020 We study the effects of technological change on financial intermediation, distinguishing between innovations in information (data collection and processing) and communication (relationships and more...
| Price: $18.00
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| The Dynamics of Non-Performing Loans during Banking Crises: A New Database Author/Editor: Anil Ari, Sophia Chen, Lev Ratnovski. Release Date:December, 2019 This paper presents a new dataset on the dynamics of non-performing loans (NPLs) during 88 banking crises since 1990. The data show similarities across crises during NPL build-ups but less so during more...
| Price: $18.00
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| Credit and Fiscal Multipliers in China Author/Editor: Sophia Chen, Lev Ratnovski, Pi-Han Tsai. Release Date:December, 2017 We jointly estimate credit and fiscal multipliers in China. We use the tenure of the provincial party secretary, interacted with the type of stimulus used in other provinces, to obtain separate more...
| Price: $18.00
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| Bank Lending in the Knowledge Economy Author/Editor: Giovanni Dell'Ariccia, Dalida Kadyrzhanova, Camelia Minoiu, Lev Ratnovski. Release Date:November, 2017 We study bank portfolio allocations during the transition of the real sector to a knowledge
economy in which firms use less tangible capital and invest more in intangible assets. We
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| Price: $18.00
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| Benefits and Costs of Corporate Debt Restructuring Author/Editor: Jae Chung, Lev Ratnovski. Release Date:October, 2016 The paper offers a method to quantify benefits and costs of corporate debt restructuring, with an application to Korea. We suggest a persistent ICR<1 criterion to capture firms that had ICR<1 for more...
| Price: $5.00
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 | Benefits and Costs of Bank Capital Author/Editor: Jihad Dagher, Giovanni Dell'Ariccia, Luc Laeven, Lev Ratnovski, Hui Tong. Release Date:March, 2016 The appropriate level of bank capital and, more generally, a bank’s capacity to absorb losses, has been at the core of the post-crisis policy debate. This paper contributes to the debate by more...
| Price: $10.00
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| Bank Profitability and Risk-Taking Author/Editor: Natalya Martynova, Lev Ratnovski, Razvan Vlahu. Release Date:November, 2015 Traditional theory suggests that more profitable banks should have lower risk-taking
 incentives. Then why did many profitable banks choose to invest in untested financial
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| Price: $18.00
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| Bank Size and Systemic Risk Author/Editor: Luc Laeven, Lev Ratnovski, Hui Tong. Release Date:May, 2014 The proposed SDN documents the evolution of bank size and activities over the past 20 years. It discusses whether this evolution can be explained by economies of scale or “too big to fail†more...
| Price: $10.00
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