Drivers of Growth in Bank Lending and Financial Crises

Publications

Peer reviewed articles (57)

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, 45, 2021, ISSN 1042-9573
Publisher: Academic Press
DOI: 10.1016/j.jfi.2019.05.002

ESG and Systemic Risk

Author(s): George-Marian Aevoae, Alin Marius Andries, Steven Ongena, Nicu Sprincean
Published in: Applied Economics, 09603107, 2022, ISSN 0960-3107
Publisher: Chapman & Hall
DOI: 10.1080/00036846.2022.2108752

Connected banks and economic policy uncertainty

Author(s): Hua Cheng, Kishore Gawande, Steven Ongena, Shusen Qi
Published in: Journal of Financial Stability, 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, 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, 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, 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, 2282717X, 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, 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, 44, 2020, ISSN 1042-9573
Publisher: Academic Press
DOI: 10.1016/j.jfi.2019.05.001

Working with Women, Do Men Get All the Credit?

Author(s): Shusen Qi, Steven Ongena, Hua Cheng
Published in: Small Business Economics, 2022, ISSN 0921-898X
Publisher: Kluwer Academic Publishers
DOI: 10.1007/s11187-021-00579-1

Cultural Preferences and Firm Financing Choices

Author(s): Mascia Bedendo, Emilia Garcia-Appendini, Linus Siming
Published in: Journal of Financial and Quantitative Analysis, 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, 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, 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, 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, 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, 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, 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, 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, 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, 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, 70, 2021, ISSN 1042-4431
Publisher: Elsevier BV
DOI: 10.1016/j.intfin.2020.101279

Climate Change Risk and the Cost of Mortgage Credit

Author(s): Duc Duy Nguyen, Steven Ongena, Shusen Qi, Vathunyoo Sila
Published in: Review of Finance, 2022, ISSN 1572-3097
Publisher: Oxford University Press
DOI: 10.1093/rof/rfac013

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

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

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, 129, 2021, ISSN 0022-1996
Publisher: Elsevier BV
DOI: 10.1016/j.jinteco.2021.103435

Cultural Preferences and Firm Financing Choices

Author(s): Mascia Bedendo, Emilia Garcia-Appendini, Linus Siming
Published in: Journal of Financial and Quantitative Analysis, 2019, Page(s) 1-75, 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, 129/618, 2017, Page(s) 765-789, ISSN 0013-0133
Publisher: Macmillan Publishers
DOI: 10.1111/ecoj.12569

Securitization and credit quality in the European market

Author(s): Alper Kara, David Marques-Ibanez, Steven Ongena
Published in: European Financial Management, 25/2, 2019, Page(s) 407-434, ISSN 1354-7798
Publisher: Blackwell Publishing Inc.
DOI: 10.1111/eufm.12168

Fuel the Engine: Bank Credit and Firm Innovation

Author(s): Shusen Qi, Steven Ongena
Published in: Journal of Financial Services Research, 2019, ISSN 0920-8550
Publisher: Kluwer Academic Publishers
DOI: 10.1007/s10693-019-00316-6

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

Author(s): Abdullah Almansour, Steven Ongena
Published in: Journal of Empirical Finance, 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, 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, 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, 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, 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, 112, 2018, Page(s) 50-69, ISSN 0022-1996
Publisher: Elsevier BV
DOI: 10.1016/j.jinteco.2018.02.004

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, 24/(1), 2019, Page(s) 1-43, ISSN 1572-3097
Publisher: Oxford University Press
DOI: 10.1093/rof/rfy040

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, 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, 2019, 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, 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, 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, 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, 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, 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, 58 (2), 2020, Page(s) 917-920, ISSN 0095-2583
Publisher: Blackwell Publishing Inc.
DOI: 10.1111/ecin.12875

On-Site Inspecting Zombie Lending

Author(s): Diana Bonfim, Geraldo Cerqueiro, Hans Degryse, Steven Ongena
Published in: Management Science, 2022, ISSN 0025-1909
Publisher: Institute for Operations Research and the Management Sciences
DOI: 10.1287/mnsc.2022.4452

Household Inequality, Entrepreneurial Dynamism, and Corporate Financing

Author(s): Fabio Braggion, Mintra Dwarkasing, Steven Ongena
Published in: The Review of Financial Studies, 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, 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, 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, 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, 13547798, 2019, Page(s) 407-434, ISSN 1354-7798
Publisher: Blackwell Publishing Inc.
DOI: 10.1111/eufm.12168

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, 46, 2021, ISSN 1042-9573
Publisher: Academic Press
DOI: 10.1016/j.jfi.2020.100859

The Countercyclical Capital Buffer and the Composition of Bank Lending

Author(s): Raphael Auer, Alexandra Matyunina, Steven Ongena
Published in: Journal of Financial Intermediation, 2022, ISSN 1042-9573
Publisher: Academic Press
DOI: 10.1016/j.jfi.2022.100965

Working with Women, Do Men Get All the Credit?

Author(s): Shusen Qi, Steven Ongena, Hua Cheng
Published in: Small Business Economics, 0921898X, 2022, ISSN 0921-898X
Publisher: Kluwer Academic Publishers
DOI: 10.1007/s11187-021-00579-1

"""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, 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, 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, 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, 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, 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

Other (1)

The Countercyclical Capital Buffer and the Composition of Bank Lending

Author(s): Raphael Auer, Steven R. G. Ongena
Published in: SSRN Electronic Journal, 2019, ISSN 1556-5068
Publisher: Journal of the European Economic Association
DOI: 10.2139/ssrn.3345189