Drivers of Growth in Bank Lending and Financial Crises

Project Information

lending

Grant agreement ID: 740272

DOI

10.3030/740272

Project closed

EC signature date 7 June 2017

Start date 1 September 2017

End date 31 August 2022

Funded under

• EXCELLENT SCIENCE - European Research Council (ERC)

Total cost

€ 2 103 440,00

EU contribution

€ 2 103 440,00

Coordinated by

UNIVERSITAT ZURICH
Switzerland

CORDIS provides links to public deliverables and publications of HORIZON projects.

Links to deliverables and publications from FP7 projects, as well as links to some specific result types such as dataset and software, are dynamically retrieved from OpenAIRE .

Publications

Peer reviewed articles (48)

Bank capital requirements, loan guarantees and firm performance

Author(s): Sergio Mayordomo, Antonio Moreno, Steven Ongena, María Rodríguez-Moreno
Published in: Journal of Financial Intermediation, Issue 45, 2021, ISSN 1042-9573
Publisher: Academic Press
DOI: 10.1016/j.jfi.2019.05.002

Connected banks and economic policy uncertainty

Author(s): Hua Cheng, Kishore Gawande, Steven Ongena, Shusen Qi
Published in: Journal of Financial Stability, Issue 56, 2021, ISSN 1572-3089
Publisher: Elsevier BV
DOI: 10.1016/j.jfs.2021.100920

Credit Supply and Demand in Unconventional Times

Author(s): Carlo Altavilla, Miguel Boucinha, Sarah Holton, Steven Ongena
Published in: Journal of Money, Credit and Banking, Issue 53 (8), 2021, Page(s) 2071-2098, ISSN 0022-2879
Publisher: Ohio State University Press
DOI: 10.1111/jmcb.12792

Will money talk? Firm bribery and credit access

Author(s): Shusen Qi, Steven Ongena
Published in: Financial Management, Issue 00463892, 2019, Page(s) 117-157, ISSN 0046-3892
Publisher: Financial Management Association International
DOI: 10.1111/fima.12218

The COVID-19 Pandemic and Sovereign Bond Risk

Author(s): Alin Marius Andrieș, Steven Ongena, Nicu Sprincean
Published in: The North American Journal of Economics and Finance, Issue 58, 2021, ISSN 1062-9408
Publisher: Elsevier BV
DOI: 10.1016/j.najef.2021.101527

’Finance And Growth’ Re-Visited

Author(s): Steven Ongena, Lizethe Mendez
Published in: Journal of Financial Management, Markets and Institutions, Issue 8 (1), 2020, ISSN 2282-717X
Publisher: World Scientific Publishing
DOI: 10.1142/s2282717x20500012

Does alternative finance moderate bank fragility? Evidence from the euro area

Author(s): Emmanuel C.Mamatzakis, Steven Ongena, Mike G.Tsionas
Published in: Journal of International Financial Markets, Institutions and Money, Issue 72, 2021, ISSN 1042-4431
Publisher: Elsevier BV
DOI: 10.1016/j.intfin.2021.101340

Collateral damaged? Priority structure, credit supply, and firm performance

Author(s): Geraldo Cerqueiro, Steven Ongena, Kasper Roszbach
Published in: Journal of Financial Intermediation, Issue 44, 2020, ISSN 1042-9573
Publisher: Academic Press
DOI: 10.1016/j.jfi.2019.05.001

Cultural Preferences and Firm Financing Choices

Author(s): Mascia Bedendo, Emilia Garcia-Appendini, Linus Siming
Published in: Journal of Financial and Quantitative Analysis, Issue 55(3), 2020, Page(s) 897-930, ISSN 0022-1090
Publisher: University of Washington
DOI: 10.1017/s0022109019000103

Banking Sector Deregulation, Bank–Firm Relationships and Corporate Leverage

Author(s): Fabio Braggion, Steven Ongena
Published in: The Economic Journal, Issue 129 (618), 2019, Page(s) 765–789, ISSN 0013-0133
Publisher: Macmillan Publishers
DOI: 10.1111/ecoj.12569

The Price of Law: The Case of the Eurozone Collective Action Clauses

Author(s): Elena Carletti, Paolo Colla, Mitu Gulati, Steven Ongena
Published in: The Review of Financial Studies, Issue 34 (12), 2021, Page(s) 5933–5976, ISSN 0893-9454
Publisher: Oxford University Press
DOI: 10.1093/rfs/hhaa140

Risk Spillovers and Interconnectedness between Systemically Important Institutions

Author(s): Alin Marius Andrieş, Steven Ongena, Nicu Sprincean, Radu Tunaru
Published in: Journal of Financial Stability, Issue 58, 2022, ISSN 1572-3089
Publisher: Elsevier BV
DOI: 10.1016/j.jfs.2021.100963

Does risk aversion affect bank output loss? The case of the Eurozone

Author(s): Mike G.Tsionas, Emmanuel Mamatzakis, Steven Ongena
Published in: European Journal of Operational Research, Issue 282 (3), 2020, Page(s) 1127-1145, ISSN 0377-2217
Publisher: Elsevier BV
DOI: 10.1016/j.ejor.2019.10.008

Flooded through the back door: The role of bank capital in local shock spillovers

Author(s): Oliver Rehbein, Steven Ongena
Published in: Journal of Financial and Quantitative Analysis, 2022, ISSN 0022-1090
Publisher: University of Washington
DOI: 10.1017/s0022109022000321

Some borrowers are more equal than others: Bank funding shocks and credit reallocation

Author(s): Olivier De Jonghe, Hans Dewachter, Klaas Mulier, Steven Ongena, Glenn Schepens
Published in: Review of Finance, Issue 24 (1), 2020, Page(s) 1-43, ISSN 1572-3097
Publisher: Oxford University Press
DOI: 10.1093/rof/rfy040

Management practices and M&A success

Author(s): Manthos D. Delis, Maria Iosifidi, Pantelis Kazakis, Steven Ongena, Mike G. Tsionas
Published in: Journal of Banking and Finance, Issue 134, 2022, ISSN 0378-4266
Publisher: Elsevier BV
DOI: 10.1016/j.jbankfin.2021.106355

The agency of CoCos: Why contingent convertible bonds are not for everyone

Author(s): Roman Goncharenko, Steven Ongena, Asad Rauf
Published in: Journal of Financial Intermediation, Issue 48, 2021, ISSN 1042-9573
Publisher: Academic Press
DOI: 10.1016/j.jfi.2020.100882

Economic support during the COVID crisis. Quantitative easing and lending support schemes in the UK

Author(s): Mahmoud Fatouh, Simone Giansante, Steven Ongena
Published in: Economics Letters, Issue 209, 2021, ISSN 0165-1765
Publisher: Elsevier BV
DOI: 10.1016/j.econlet.2021.110138

Gender, Credit, and Firm Outcomes

Author(s): Manthos D. Delis, Iftekhar Hasan, Maria Iosifidi, Steven Ongena
Published in: Journal of Financial and Quantitative Analysis, Issue 57 (1), 2022, Page(s) 359-389, ISSN 0022-1090
Publisher: University of Washington
DOI: 10.1017/s0022109020000897

Efficiency convergence in Islamic and conventional banks

Author(s): Marwan Izzeldin, Jill Johnes, Steven Ongena, Vasileios Pappas, Mike Tsionas
Published in: Journal of International Financial Markets, Institutions and Money, Issue 70, 2021, ISSN 1042-4431
Publisher: Elsevier BV
DOI: 10.1016/j.intfin.2020.101279

Fear, anger and credit. On bank robberies and loan conditions

Author(s): Paola Morales-Acevedo, Steven Ongena
Published in: Economic Inquiry, Issue 58 (2), 2020, Page(s) 921-952, ISSN 0095-2583
Publisher: Blackwell Publishing Inc.
DOI: 10.1111/ecin.12826

Disclosure of Bank Fossil Fuel Exposures

Author(s): Winta Beyene, Manthos Delis, Steven Ongena
Published in: European Economy - Banks, Regulation and the Real Sector, Issue 21-02, 2022, Page(s) 89-103, ISSN 2421-6917
Publisher: Associazione Centro Studi Luca d’Agliano

In lands of foreign currency credit, bank lending channels run through?

Author(s): Steven Ongena, Ibolya Schindele, Dzsamila Vonnák
Published in: Journal of International Economics, Issue 129, 2021, ISSN 0022-1996
Publisher: Elsevier BV
DOI: 10.1016/j.jinteco.2021.103435

Bank loan announcements and religious investors: Empirical evidence from Saudi Arabia

Author(s): Abdullah Almansour, Steven Ongena
Published in: Journal of Empirical Finance, Issue 47, 2018, Page(s) 78-89, ISSN 0927-5398
Publisher: Elsevier BV
DOI: 10.1016/j.jempfin.2018.02.002

Keep walking? Geographical proximity, religion, and relationship banking

Author(s): Thorsten Beck, Steven Ongena, İlkay Şendeniz-Yüncü
Published in: Journal of Corporate Finance, Issue 55, 2019, Page(s) 49-68, ISSN 0929-1199
Publisher: Elsevier BV
DOI: 10.1016/j.jcorpfin.2018.07.005

Macroprudential Policy, Countercyclical Bank Capital Buffers, and Credit Supply: Evidence from the Spanish Dynamic Provisioning Experiments

Author(s): Gabriel Jiménez, Steven Ongena, José-Luis Peydró, Jesús Saurina
Published in: Journal of Political Economy, Issue 125/6, 2017, Page(s) 2126-2177, ISSN 0022-3808
Publisher: University of Chicago Press
DOI: 10.1086/694289

Do Exposures to Sagging Real Estate, Subprime, or Conduits Abroad Lead to Contraction and Flight to Quality in Bank Lending at Home?*

Author(s): Steven Ongena, Günseli Tümer–Alkan, Natalja von Westernhagen
Published in: Review of Finance, Issue 22/4, 2018, Page(s) 1335-1373, ISSN 1572-3097
Publisher: Oxford University Press
DOI: 10.1093/rof/rfy011

Institutional and individual investors: Saving for old age

Author(s): Steven Ongena, Anna (Ania) Zalewska
Published in: Journal of Banking & Finance, Issue 92, 2018, Page(s) 257-268, ISSN 0378-4266
Publisher: Elsevier BV
DOI: 10.1016/j.jbankfin.2017.10.012

A global lending channel unplugged? Does U.S. monetary policy affect cross-border and affiliate lending by global U.S. banks?

Author(s): Judit Temesvary, Steven Ongena, Ann L. Owen
Published in: Journal of International Economics, Issue 112, 2018, Page(s) 50-69, ISSN 0022-1996
Publisher: Elsevier BV
DOI: 10.1016/j.jinteco.2018.02.004

Enforcement actions on banks and the structure of loan syndicates

Author(s): Manthos D. Delis, Maria Iosifidi, Sotirios Kokas, Dimitrios Xefteris, Steven Ongena
Published in: Journal of Corporate Finance, Issue 60, 2020, Page(s) 101527, ISSN 0929-1199
Publisher: Elsevier BV
DOI: 10.1016/j.jcorpfin.2019.101527

Trade Credit Use as Firms Approach Default

Author(s): EMILIA GARCIA‐APPENDINI, JUDIT MONTORIOL‐GARRIGA
Published in: Journal of Money, Credit and Banking, Issue 52 (5), 2019, Page(s) 1199-1229, ISSN 0022-2879
Publisher: Ohio State University Press
DOI: 10.1111/jmcb.12618

On Becoming an O-SII (“Other Systemically Important Institution”)

Author(s): Alin Marius Andrieș, Simona Nistor, Steven Ongena, Nicu Sprincean
Published in: Journal of Banking & Finance, Issue 111, 2020, Page(s) 105723, ISSN 0378-4266
Publisher: Elsevier BV
DOI: 10.1016/j.jbankfin.2019.105723

Banks Response to Higher Capital Requirements: Evidence from a Quasi-Natural Experiment

Author(s): Reint Gropp, Thomas Mosk, Steven Ongena, Carlo Wix
Published in: The Review of Financial Studies, Issue 32/1, 2018, Page(s) 266-299, ISSN 0893-9454
Publisher: Oxford University Press
DOI: 10.1093/rfs/hhy052

Bank capital (requirements) and credit supply: Evidence from pillar 2 decisions

Author(s): Olivier De Jonghe, Hans Dewachter, Steven Ongena
Published in: Journal of Corporate Finance, Issue 60, 2020, Page(s) 101518, ISSN 0929-1199
Publisher: Elsevier BV
DOI: 10.1016/j.jcorpfin.2019.101518

The Invisible Hand of the Government: Moral Suasion during the European Sovereign Debt Crisis

Author(s): Steven Ongena, Alexander Popov, Neeltje Van Horen
Published in: American Economic Journal: Macroeconomics, Issue 11/4, 2019, Page(s) 346-379, ISSN 1945-7707
Publisher: American Economic Association
DOI: 10.1257/mac.20160377

Democracy and credit

Author(s): Manthos D. Delis, Iftekhar Hasan, Steven Ongena
Published in: Journal of Financial Economics, Issue 136/2, 2020, Page(s) 571-596, ISSN 0304-405X
Publisher: Elsevier BV
DOI: 10.1016/j.jfineco.2019.09.013

Introduction to the Symposium on Contemporary Banking Research: The Use of Fixed Effects to Disentangle Loan Demand from Loan Supply

Author(s): Sanja Jakovljević, Hans Degryse, Steven Ongena
Published in: Economic Inquiry, Issue 58 (2), 2020, Page(s) 917-920, ISSN 0095-2583
Publisher: Blackwell Publishing Inc.
DOI: 10.1111/ecin.12875

Household Inequality, Entrepreneurial Dynamism, and Corporate Financing

Author(s): Fabio Braggion, Mintra Dwarkasing, Steven Ongena
Published in: The Review of Financial Studies, Issue 34 (5), 2021, Page(s) 2448–2507, ISSN 0893-9454
Publisher: Oxford University Press
DOI: 10.1093/rfs/hhaa097

The Effect of Unconventional Monetary Policy on Cross-Border Bank Loans: Evidence from an Emerging Market

Author(s): Koray Alper, Fatih Altunok, Tanju Çapacıoğlu, Steven Ongena
Published in: European Economic Review, Issue 127, 2020, ISSN 0014-2921
Publisher: Elsevier BV
DOI: 10.1016/j.euroecorev.2020.103426

Market Discipline through Credit Ratings and Too-Big-to-Fail in Banking

Author(s): Steven Ongena, Sascha Kolaric, Florian Kiesel
Published in: Journal of Money, Credit and Banking, Issue 53 (2-3), 2021, Page(s) 367-400, ISSN 0022-2879
Publisher: Ohio State University Press
DOI: 10.1111/jmcb.12789

The cleansing effect of banking crises

Author(s): Reint Gropp, Steven Ongena, Jörg Rocholl, Vahid Saadi
Published in: Economic Inquiry, Issue 60 (3), 2022, Page(s) 1186-1213, ISSN 0095-2583
Publisher: Blackwell Publishing Inc.
DOI: 10.1111/ecin.13069

Securitization and credit quality in the European market

Author(s): Alper Kara, David Marques-Ibanez, Steven Ongena
Published in: European Financial Management, Issue 13547798, 2019, Page(s) 407-434, ISSN 1354-7798
Publisher: Blackwell Publishing Inc.
DOI: 10.1111/eufm.12168

Bank Standalone Credit Ratings

Author(s): Michael R. King, Steven Ongena,Nikola Tarashev
Published in: International Journal of Central Banking, Issue 16 (3), 2020, Page(s) 101-144, ISSN 1815-4654
Publisher: Association of the International Journal of Central Banking

The impacts of stricter merger legislation on bank mergers and acquisitions: Too-Big-To-Fail and competition

Author(s): Elena Carletti, StevenOngena, Jan-PeterSiedlarek, Giancarlo Spagnolo
Published in: Journal of Financial Intermediation, Issue 46, 2021, ISSN 1042-9573
Publisher: Academic Press
DOI: 10.1016/j.jfi.2020.100859

"""Sorry, We're Closed” Bank Branch Closures, Loan Pricing, and Information Asymmetries"

Author(s): Diana Bonfim, Gil Nogueira, Steven Ongena
Published in: Review of Finance, Issue 25 (4), 2021, Page(s) 1211–1259, ISSN 1572-3097
Publisher: Oxford University Press
DOI: 10.1093/rof/rfaa036

Bank capital buffer releases, public guarantee programs, and dividend bans in COVID-19 Europe: an appraisal

Author(s): Alexandra Matyunina, Steven Ongena
Published in: European Journal of Law and Economics, Issue 54, 2022, Page(s) 127–152, ISSN 0929-1261
Publisher: Kluwer Academic Publishers
DOI: 10.1007/s10657-022-09734-9

CEO Incentives and Bank Risk over the Business Cycle

Author(s): Steven Ongena, Tanseli Savaşer, Elif Şişli Ciamarra
Published in: Journal of Banking and Finance, Issue 138, 2022, ISSN 0378-4266
Publisher: Elsevier BV
DOI: 10.1016/j.jbankfin.2022.106460

Fuel the Engine: Bank Credit and Firm Innovation

Author(s): Shusen Qi, Steven Ongena
Published in: Journal of Financial Services Research, Issue 57, 2020, Page(s) 115–147, ISSN 0920-8550
Publisher: Kluwer Academic Publishers
DOI: 10.1007/s10693-019-00316-6

Book chapters (3)

Competition in the Banking Sector

Author(s): Hans Degryse, Paola Morales-Acevedo, Steven Ongena
Published in: The Oxford Handbook of Banking, Issue 3rd edn, 2019, Page(s) 776–813, ISBN 9780198824633
Publisher: Oxford University Press
DOI: 10.1093/oxfordhb/9780198824633.013.25

Changes in the Cost of Bank Equity and the Supply of Bank Credit

Author(s): Claire Célérier, Thomas Kick, Steven Ongena
Published in: Finance and investment: The European case, 2018, Page(s) 169-178, ISBN 9780198815815
Publisher: Oxford University Press
DOI: 10.1093/oso/9780198815815.003.0010

Application in Banking: Securitization and Global Banking

Author(s): Andrada Bilan, Hans Degryse, Kuchulain O’Flynn, Steven Ongena
Published in: Panel Data Econometrics, 2019, Page(s) 743-770, ISBN 9780-128158593
Publisher: Elsevier
DOI: 10.1016/b978-0-12-815859-3.00023-8