Explore the words cloud of the PERSISTDEBT project. It provides you a very rough idea of what is the project "PERSISTDEBT" about.
The following table provides information about the project.
Coordinator |
UNIVERSIDAD POMPEU FABRA
Organization address contact info |
Coordinator Country | Spain [ES] |
Total cost | 1˙308˙676 € |
EC max contribution | 1˙308˙676 € (100%) |
Programme |
1. H2020-EU.1.1. (EXCELLENT SCIENCE - European Research Council (ERC)) |
Code Call | ERC-2014-CoG |
Funding Scheme | ERC-COG |
Starting year | 2015 |
Duration (year-month-day) | from 2015-07-01 to 2021-06-30 |
Take a look of project's partnership.
# | ||||
---|---|---|---|---|
1 | UNIVERSIDAD POMPEU FABRA | ES (BARCELONA) | coordinator | 1˙208˙676.00 |
2 | KOBENHAVNS UNIVERSITET | DK (KOBENHAVN) | participant | 100˙000.00 |
In 2007 the US and Europe were overwhelmed by a banking crisis, which was followed by a severe economic recession. Historical studies show that financial crises are followed by periods of substantially stronger contraction of aggregate output and employment than non-financial recessions. Those studies also point out that the best predictor of financial crises is an ex-ante strong credit boom which, after the beginning of the crisis, followed by negative overall credit growth. Lastly, financial crises take a long time until recovering the pre-crisis levels. Why are the effects of credit shocks so strong and persistent over time? Is this effect explained by costly household deleveraging? What is the effect of household debt on consumption, savings and employment? Are there any benefits of debt in crises? Do some effects of the financial crisis work through a reduction in credit supply to firms and projects with high innovative content and productivity (high overall return, but with high credit and liquidity risk for the lenders)? Or are the cleansing effects in financial crises concentrated on the less productive firms? Can macroprudential policies based on strict control of loan-to-value ratios stop the building up of excessive household debt? We plan to construct several new datasets to study these issues by merging information from different sources. For some issues, like the analysis of the effect of household debt on consumption and employment, we can take advantage of a natural experiment of randomized allocation of debt among individuals derived from the use of lotteries to allocate the rights to buy housing in Spain. In comparison to the existing literature, we can exploit the exogenous variation generated by these lotteries and some other combination of data (including exhaustive credit data) to obtain causal evidence and quantification on the interaction between debt, systemic risk, crises, and the new macroprudential policy.
year | authors and title | journal | last update |
---|---|---|---|
2020 |
João Barata R. Blanco Barroso ; Rodrigo Barbone Gonzalez; Jose-Luis Peydró; Bernardus F. Nazar Van Doornik Countercyclical Liquidity Policy and Credit Cycles: Evidence from Macroprudential and Monetary Policy in Brazil published pages: , ISSN: , DOI: |
2020-03-17 | |
2019 |
Salih Fendoglu, Eda Gulsen and Jose-Luis Peydró Global Liquidity and Impairment of Local Monetary Policy published pages: , ISSN: , DOI: |
\"Economic Working Paper Series, working paper # 1680\" | 2020-03-17 |
2019 |
Carlo Altavilla, Miguel Boucinha, José-Luis Peydró, Frank Smets Banking Supervision, Monetary Policy and Risk-Taking: Big Data Evidence from 15 Credit Registers published pages: , ISSN: , DOI: |
\"Economic Working Paper Series, working paper # 1684\" | 2020-03-17 |
2019 |
David Elliott, Ralf Meisenzahl, José-Luis Peydró, Bryce C. Turner Nonbanks, Banks, and Monetary Policy: U.S. Loan-Level Evidence since the 1990s published pages: , ISSN: , DOI: |
\"Economic Working Paper Series, working paper # 1679\" | 2020-03-17 |
2016 |
José-Luis Peydró Macroprudential Policy and Credit Supply published pages: 305-318, ISSN: 2235-6282, DOI: 10.1007/bf03399430 |
Swiss Journal of Economics and Statistics 152/4 | 2020-03-17 |
2018 |
Peydró J-L, Polo A, Sette E. Securities Trading and Lending in Banks published pages: , ISSN: , DOI: 10.1093/oso/9780198815815.003.0022 |
Finance and investment: the European case (Mayer C, Micossi S, Onado M, Pagano M, Polo A, eds.) | 2020-03-17 |
2019 |
Sjoerd van Bekkum; Marc Gabarro; Rustom Irani; José-Luis Peydró Take it to the limit? The effects of household leverage caps published pages: , ISSN: , DOI: |
\"Economic Working Paper Series, working paper # 1692\" | 2020-03-17 |
2018 |
Puriya Abbassi; Falk Bräuning; Falko Fecht; José Luis Peydró International Financial Integration, Crises and Monetary Policy: Evidence from the Euro Area Interbank Crises published pages: , ISSN: , DOI: |
\"Economic Working Paper Series, working paper # 1566\" | 2020-03-17 |
2019 |
Cecilia Dassatti Camors; José Luis Peydró; Francesc Rodriguez-Tous Macroprudential and Monetary Policy: Loan-level Evidence from Reserve Requirements published pages: , ISSN: , DOI: |
\"Economic Working Paper Series, working paper # 1650\" | 2020-03-17 |
2018 |
José Luis Peydró; Andrea Polo; Enrico Sette Monetary Policy at Work: Security and Credit Application Registers Evidence published pages: , ISSN: , DOI: |
\"Economic Working Paper Series, working paper # 1565\" | 2020-03-17 |
2019 |
Margherita Bottero; Camelia Minoiu; José Luis Peydró, Andrea Polo; Andrea F. Presbitero; Enrico Sette Negative Monetary Policy Rates and Portfolio Rebalancing: Evidence from Credit Register Data published pages: , ISSN: , DOI: |
\"Economic Working Paper Series, working paper # 1649\" | 2020-03-17 |
2018 |
Sebastian Doerr; Stefan Gissler; José Luis Peydró; Hans-Joachim Voth From Finance to Fascism: The Real Effect of Germany’s 1931 Banking Crisis published pages: , ISSN: , DOI: |
\"Economic Working Paper Series, working paper # 1651\" | 2020-03-17 |
2018 |
Mircea Epure; Irina Mihai; Camelia Minoiu; José Luis Peydró Household Credit, Global Financial Cycle, and Macroprudential Policies: Credit Register Evidence from an Emerging Country published pages: , ISSN: , DOI: |
\"Economic Working Paper Series, working paper # 1590\" | 2020-03-17 |
2017 |
Gabriel Jiménez, Steven Ongena, José-Luis Peydró, Jesús Saurina Macroprudential Policy, Countercyclical Bank Capital Buffers, and Credit Supply: Evidence from the Spanish Dynamic Provisioning Experiments published pages: 2126-2177, ISSN: 0022-3808, DOI: 10.1086/694289 |
Journal of Political Economy 125/6 | 2020-03-17 |
2018 |
Rodrigo Barbone Gonzalez; Dmitry Khametshin; José Luis Peydró; Andrea Polo Hedger of Last Resort: Evidence from Brazil on FX Interventions, Local Credit and Global Financial Cycles published pages: , ISSN: , DOI: |
\"Economic Working Paper Series, working paper # 1648\" | 2020-03-17 |
2017 |
Gabriel Jiménez; Steven Ongena; José Luis Peydró, Jesús Saurina Do Demand or Supply Factors Drive Bank Credit, in Good and Crisis Times? published pages: , ISSN: , DOI: |
\"Economic Working Paper Series, working paper # 1567\" | 2020-03-17 |
2018 |
Carlo Altavilla, Miguel Boucinha, José-Luis Peydró Monetary Policy and Bank Profitability in a Low Interest Rate Environment published pages: 531-86, ISSN: 0266-4658, DOI: 10.1093/epolic/eiy013 |
Economic Policy 33(96) | 2020-03-17 |
2019 |
BERNARDO MORAIS, JOSÉ-LUIS PEYDRÓ, JESSICA ROLDÃN-PEÑA, CLAUDIA RUIZ-ORTEGA The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach-for-Yield, and Real Effects published pages: 55-90, ISSN: 0022-1082, DOI: 10.1111/jofi.12735 |
The Journal of Finance 74/1 | 2020-03-17 |
2018 |
Rustom M. Irani; Rajkamal Iyer; Ralf R. Meisenzahl; José Luis Peydró The Rise of Shadow Banking: Evidence from Capital Regulation published pages: , ISSN: , DOI: |
\"Economic Working Paper Series, working paper # 1652\" | 2020-03-17 |
2016 |
Puriya Abbassi, Rajkamal Iyer, José-Luis Peydró, Francesc R. Tous Securities trading by banks and credit supply: Micro-evidence from the crisis published pages: 569-594, ISSN: 0304-405X, DOI: 10.1016/j.jfineco.2016.05.005 |
Journal of Financial Economics 121/3 | 2020-03-17 |
2018 |
Gabriel Jiménez: José Luis Peydró; Rafael Repullo; Jesús Saurina Burning Money? Government Lending in a Credit Crunch published pages: , ISSN: , DOI: |
\"Economic Working Paper Series, working paper # 1577\" | 2020-03-17 |
2016 |
Filippo Ippolito, José-Luis Peydró, Andrea Polo, Enrico Sette Double bank runs and liquidity risk management published pages: 135-154, ISSN: 0304-405X, DOI: 10.1016/j.jfineco.2015.11.004 |
Journal of Financial Economics 122/1 | 2020-03-17 |
2019 |
Johannes Bubeck, Angela Maddaloni. José-Luis Peydró Negative Monetary Policy Rates and Systemic Banks’ Risk-Taking: Evidence from theEuro Area Securities Register published pages: , ISSN: , DOI: |
\"Economic Working Paper Series, working paper # 1678\" | 2020-03-17 |
2019 |
Ozlem Akin; Nicholas S. Coleman; Christian Fons-Rosen; José Luis Peydró Political Connections: Evidence from Insider Trading around TARP published pages: , ISSN: 1755-053X, DOI: |
Financial Management (forthcoming) | 2020-03-17 |
2019 |
Charles Abuka, Ronnie K. Alinda, Camelia Minoiu, José-Luis Peydró, Andrea F. Presbitero Monetary policy and bank lending in developing countries: Loan applications, rates, and real effects published pages: 185-202, ISSN: 0304-3878, DOI: 10.1016/j.jdeveco.2019.03.004 |
Journal of Development Economics 139 | 2020-03-17 |
2019 |
Ozlem Akin; José M. MarÃn; José Luis Peydró Anticipating the Financial Crisis: Evidence from Insider Trading in Banks published pages: , ISSN: , DOI: |
\"Economic Working Paper Series, working paper # 1524\" | 2020-03-17 |
2019 |
Gabriel Jiménez; Atif Mian; José Luis Peydró; Jesús Saurina The Real Effects of the Bank Lending Channel published pages: , ISSN: 0304-3932, DOI: |
Journal of Monetary Economics (forthcoming) | 2020-03-17 |
Are you the coordinator (or a participant) of this project? Plaese send me more information about the "PERSISTDEBT" project.
For instance: the website url (it has not provided by EU-opendata yet), the logo, a more detailed description of the project (in plain text as a rtf file or a word file), some pictures (as picture files, not embedded into any word file), twitter account, linkedin page, etc.
Send me an email (fabio@fabiodisconzi.com) and I put them in your project's page as son as possible.
Thanks. And then put a link of this page into your project's website.
The information about "PERSISTDEBT" are provided by the European Opendata Portal: CORDIS opendata.
Why is the world green: testing top-down control of plant-herbivore food webs by experiments with birds, bats and ants
Read MoreHigh-throughput single-cell phenotypic analysis of functional antibody repertoires
Read MorePredictions and Observations for Discs: Planetary Cores and dust Aggregates from non-ideal MHD Simulations with radiative Transfer.
Read More