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Yannick Timmer

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Toni Ahnert & Sebastian Doerr & Nicola Pierri & Yannick Timmer, 2024. "Information Technology in Banking and Entrepreneurship," CESifo Working Paper Series 11284, CESifo.

    Cited by:

    1. Yun Gao & Kenichi Ueda, 2025. "Loan Screening under Symmetrically Imperfect Information," CARF F-Series CARF-F-614, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    2. Julian Caballero & Sebastian Doerr & Aaron Mehrotra & Fabrizio Zampolli, 2025. "How far can digital innovation improve credit to small firms in emerging market economies?," BIS Bulletins 99, Bank for International Settlements.

  2. Christian Bittner & Alexander Rodnyansky & Farzad Saidi & Yannick Timmer, 2024. "Mixing QE and Interest Rate Policies at the Effective Lower Bound: Micro Evidence from the Euro Area," ECONtribute Discussion Papers Series 292, University of Bonn and University of Cologne, Germany.

    Cited by:

    1. Francisco Serranito & Philipp RODERWEIS & Jamel Saadaoui, 2023. "Is Quantitative Easing Productive? The Role of Bank Lending in the Monetary Transmission Process," EconomiX Working Papers 2023-17, University of Paris Nanterre, EconomiX.
    2. Eiblmeier, Sebastian, 2025. "The Post-2015 German Lending Surge: What Role for QE?," MPRA Paper 126431, University Library of Munich, Germany.
    3. Cynthia Balloch & Yann Koby & Mauricio Ulate, 2022. "Making Sense of Negative Nominal Interest Rates," Working Paper Series 2022-12, Federal Reserve Bank of San Francisco.

  3. Ben Knox & Yannick Timmer, 2024. "Stagflationary Stock Returns," CESifo Working Paper Series 11236, CESifo.

    Cited by:

    1. Schnorpfeil, Philip & Weber, Michael & Hackethal, Andreas, 2025. "Inflation and Trading," Journal of Financial Economics, Elsevier, vol. 173(C).

  4. Nicola Pierri & Yannick Timmer, 2022. "The Importance of Technology in Banking during a Crisis," Finance and Economics Discussion Series 2022-020, Board of Governors of the Federal Reserve System (U.S.).

    Cited by:

    1. Leonardo Gambacorta & Fabiana Sabatini & Stefano Schiaffi, 2025. "Artificial intelligence and relationship lending," Temi di discussione (Economic working papers) 1476, Bank of Italy, Economic Research and International Relations Area.
    2. Serfes, Konstantinos & Wu, Kejia & Avramidis, Panagiotis, 2025. "FinTech vs. Bank: The impact of lending technology on credit market competition," Journal of Banking & Finance, Elsevier, vol. 170(C).
    3. Santiago Carbó‐Valverde & Pedro J. Cuadros‐Solas & Francisco Rodríguez‐Fernández & José Juan Sánchez‐Béjar, 2024. "Digital innovation and de‐branching in the banking industry: Customer perception and satisfaction," Global Policy, London School of Economics and Political Science, vol. 15(S1), pages 8-20, March.
    4. Moritz Sefried & Jan Riepe, 2023. "The benefits of banks’ IT investments in times of trouble: evidence from loan loss accruals during the COVID-19 pandemic," Journal of Business Economics, Springer, vol. 93(1), pages 149-171, January.
    5. Hasan, Iftekhar & Kwak, Boreum & Li, Xiang, 2024. "Financial technologies and the effectiveness of monetary policy transmission," European Economic Review, Elsevier, vol. 161(C).
    6. Boungou, Whelsy & Fawaz, Mahdi & Yatié, Alhonita, 2025. "How do banks respond to violence?," World Development, Elsevier, vol. 190(C).
    7. Hasan, Iftekhar & Li, Xiang & Takalo, Tuomas, 2023. "Technological innovation and the bank lending channel of monetary policy transmission," BOFIT Discussion Papers 9/2023, Bank of Finland Institute for Emerging Economies (BOFIT).
    8. Nicola Branzoli & Edoardo Rainone & Ilaria Supino, 2023. "The role of banks' technology adoption in credit markets during the pandemic," Temi di discussione (Economic working papers) 1406, Bank of Italy, Economic Research and International Relations Area.
    9. Angelo D'Andrea & Patrick Hitayezu & Kangni Kpodar & Nicola Limodio & Andrea F. Presbitero, 2024. "Mobile internet, collateral and banking," Temi di discussione (Economic working papers) 1454, Bank of Italy, Economic Research and International Relations Area.
    10. Angelo D'Andrea & Patrick Hitayezu & Kangni Kpodar & Nicola Limodio & Andrea Filippo Presbitero, 2025. "Developing the Mortgage Market: Technology, Property Rights, and Banking," Mo.Fi.R. Working Papers 195, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    11. Fabrizio Core & Filippo De Marco, 2024. "Information Technology and Credit: Evidence from Public Guarantees," Management Science, INFORMS, vol. 70(9), pages 6202-6219, September.
    12. Camila Casas & Sergii Meleshchuk & Yannick Timmer, 2022. "The Dominant Currency Financing Channel of External Adjustment," International Finance Discussion Papers 1343, Board of Governors of the Federal Reserve System (U.S.).
    13. Yiping Huang & Xiang Li & Han Qiu & Changhua Yu, 2023. "Big tech credit and monetary policy transmission: micro-level evidence from China," BIS Working Papers 1084, Bank for International Settlements.
    14. Toni Ahnert & Sebastian Doerr & Nicola Pierri & Yannick Timmer, 2026. "Information Technology in Banking and Entrepreneurship," Management Science, INFORMS, vol. 72(3), pages 1796-1813, March.
    15. Brandon Goldstein & Julapa Jagtiani & Catharine Lemieux, 2025. "Fintech Innovations in Banking: Fintech Partnership and Default Rate on Bank Loans," Working Papers 25-21, Federal Reserve Bank of Philadelphia.
    16. Sarra Ben Yahmed & Francesco Berlingieri & Eduard Brüll, 2024. "Local Labour Market Resilience: The Role of Digitalisation and Working from Home," CESifo Working Paper Series 11114, CESifo.
    17. Ayadi, Rym & Chiaramonte, Laura & Cucinelli, Doriana & Migliavacca, Milena, 2025. "Digitalization and banks' efficiency: Evidence from a European analysis," International Review of Financial Analysis, Elsevier, vol. 97(C).
    18. Angelo D’Andrea & Nicola Limodio, 2024. "High-Speed Internet, Financial Technology, and Banking," Management Science, INFORMS, vol. 70(2), pages 773-798, February.
    19. Massimiliano Affinito & Federica Sabbi & Raffaele Santioni & Francesco Santorelli, 2024. "Types of consumer credit and bank distribution channels: insights from Italy," Questioni di Economia e Finanza (Occasional Papers) 879, Bank of Italy, Economic Research and International Relations Area.
    20. Tian, Yulu & Su, Qin, 2024. "Digital transformation, information and lending distance -Evidence from Chinese bank branch data," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 545-560.
    21. Wang, Ye & Wu, Shuang, 2024. "Impact of mobile banking on small business lending after bank branch closures," Journal of Corporate Finance, Elsevier, vol. 87(C).
    22. Lin, Xiangyu & Zhang, S. Sarah & Zachariadis, Markos, 2025. "Open data and API adoption of U.S. banks," Journal of Financial Intermediation, Elsevier, vol. 63(C).
    23. Ye Guo & Xiaoying Liu & Mingming Zhang, 2025. "From advantage to disadvantage: how FinTech impacts small banks?," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 11(1), pages 1-33, December.
    24. Charoenwong, Ben & Kowaleski, Zachary T. & Kwan, Alan & Sutherland, Andrew G., 2024. "RegTech: Technology-driven compliance and its effects on profitability, operations, and market structure," Journal of Financial Economics, Elsevier, vol. 154(C).
    25. Zhou, Nan & Sun, Ruohan & Li, Yuan & Zhang, Longyao, 2025. "Joint effect of digital transformation and bank branch establishment on rural economic growth," Research in International Business and Finance, Elsevier, vol. 75(C).
    26. Wei, Hao & Liu, Yuan, 2026. "New international flight routes and MNCs' investment," Journal of Corporate Finance, Elsevier, vol. 96(C).
    27. Pursiainen, Vesa & Sun, Hanwen & Wang, Qiong & Yang, Guochao, 2025. "The implications of faster lending: Loan processing time and corporate cash holdings," BOFIT Discussion Papers 14/2025, Bank of Finland Institute for Emerging Economies (BOFIT).
    28. Huang, Yiping & Li, Xiang & Qiu, Han & Su, Dan & Yu, Changhua, 2024. "Bigtech credit, small business, and monetary policy transmission: Theory and evidence," IWH Discussion Papers 18/2022, Halle Institute for Economic Research (IWH), revised 2024.
    29. Toni Ahnert & Martin Kuncl, 2024. "Government Loan Guarantees, Market Liquidity, and Lending Standards," Management Science, INFORMS, vol. 70(7), pages 4502-4532, July.
    30. Oikonomou, Myrto & Pierri, Nicola & Timmer, Yannick, 2023. "IT shields: Technology adoption and economic resilience during the COVID-19 pandemic," Labour Economics, Elsevier, vol. 81(C).
    31. Citterio, Alberto & King, Timothy & Locatelli, Rossella, 2024. "Is digital transformation profitable for banks? Evidence from Europe," Finance Research Letters, Elsevier, vol. 70(C).
    32. Riris Shanti & Hermanto Siregar & Nimmi Zulbainarni & Tony, 2024. "Revolutionizing Banking: Neobanks’ Digital Transformation for Enhanced Efficiency," JRFM, MDPI, vol. 17(5), pages 1-21, May.

  5. Anastasia Burya & Rui Mano & Mr. Yannick Timmer & Miss Anke Weber, 2022. "Monetary Policy Under Labor Market Power," IMF Working Papers 2022/128, International Monetary Fund.

    Cited by:

    1. Anastasia Burya & Rui Mano & Yannick Timmer & Anke Weber, 2023. "The Wage Phillips Curve under Labor Market Power," AEA Papers and Proceedings, American Economic Association, vol. 113, pages 110-113, May.
    2. Bobasu, Alina & Repele, Amalia, 2025. "Effects of monetary policy on labor income: the role of the employer," Working Paper Series 3046, European Central Bank.

  6. Andrea Ajello & Luca Benzoni & Makena Schwinn & Yannick Timmer & Francisco Vazquez-Grande, 2022. "Monetary Policy, Inflation Outlook, and Recession Probabilities," FEDS Notes 2022-07-12, Board of Governors of the Federal Reserve System (U.S.).

    Cited by:

    1. Kajal Lahiri & Cheng Yang, 2023. "A tale of two recession-derivative indicators," Empirical Economics, Springer, vol. 65(2), pages 925-947, August.
    2. Kajal Lahiri & Cheng Yang, 2023. "ROC and PRC Approaches to Evaluate Recession Forecasts," CESifo Working Paper Series 10449, CESifo.
    3. Michael T. Kiley, 2023. "Recession Signals and Business Cycle Dynamics: Tying the Pieces Together," Finance and Economics Discussion Series 2023-008, Board of Governors of the Federal Reserve System (U.S.).

  7. Ding Ding & Yannick Timmer, 2022. "Exchange Rate Elasticities of International Tourism and the Role of Dominant Currency Pricing," CESifo Working Paper Series 9743, CESifo.

    Cited by:

    1. Muhammad Zubair Chishti & Daniel Balsalobre Lorente & Umit Bulut, 2024. "Exploring the Nexus Between Information And Communication Technologies, Globalization, Terrorism, and Tourism for South Asian Economies," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 1318-1343, March.
    2. Azizjon Qodirov & Dilfuza Urakova & Mirzoxid Amonov & Manzura Masharipova & Ergash Ibadullaev & Fozil Xolmurotov & Feruz Matkarimov, 2024. "The Dynamics of Tourism, Economic Growth, and CO2 Emissions in Uzbekistan: An ARDL Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 14(6), pages 365-370, November.
    3. Yoichi Matsubayashi & Yoshihisa Inada, 2023. "Individual tourist expenditures in Japan during the inbound tourism boom period (2015–2017): Empirical evidence from micro survey data," Asian Economic Journal, East Asian Economic Association, vol. 37(4), pages 492-518, December.

  8. Toni Ahnert & Sebastian Doerr & Nicola Pierri & Yannick Timmer, 2022. "Does IT help? Information technology in banking and entrepreneurship," BIS Working Papers 998, Bank for International Settlements.

    Cited by:

    1. Wang, Xiaodong & Deng, Yunfeng & Mao, Xiaomeng, 2025. "The impact of bank digital transformation on enterprises digital technology innovation in China," International Review of Financial Analysis, Elsevier, vol. 102(C).
    2. Leonardo Gambacorta & Fabiana Sabatini & Stefano Schiaffi, 2025. "Artificial intelligence and relationship lending," Temi di discussione (Economic working papers) 1476, Bank of Italy, Economic Research and International Relations Area.
    3. Sun, Xiaoyan & Xie, Xuanli, 2024. "How does digital finance promote entrepreneurship? The roles of traditional financial institutions and BigTech firms," Pacific-Basin Finance Journal, Elsevier, vol. 85(C).
    4. Fabrizio Core & Filippo De Marco, 2024. "Information Technology and Credit: Evidence from Public Guarantees," Management Science, INFORMS, vol. 70(9), pages 6202-6219, September.
    5. Sebastian Doerr & Magdalena Erdem & Guido Franco & Leonardo Gambacorta & Anamaria Illes, 2021. "Technological capacity and firms' recovery from Covid-19," BIS Working Papers 965, Bank for International Settlements.
    6. Tania Babina & Saleem Bahaj & Greg Buchak & Filippo De Marco & Angus Foulis & Will Gornall & Francesco Mazzola & Tong Yu, 2024. "Customer data access and fintech entry: early evidence from open banking," Bank of England Staff Working Paper series 1059, Bank of England.
    7. Pierri, Nicola & Timmer, Yannick, 2022. "The importance of technology in banking during a crisis," Journal of Monetary Economics, Elsevier, vol. 128(C), pages 88-104.
    8. Yu, Zheyan & Liu, Jiacheng, 2025. "The digital revolution in banking: Unpacking risk management in the age of transformation," International Review of Economics & Finance, Elsevier, vol. 103(C).
    9. Shuxian He & Xin Sheng, 2025. "Does bank digitalisation reduce corporate agency costs? Evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 65(2), pages 1987-2012, June.
    10. Liu, Ziqiang & Feng, Qiushuo & Li, Hongyi, 2024. "Digital finance, bank competition shocks and operational efficiency of local commercial banks in Western China," Pacific-Basin Finance Journal, Elsevier, vol. 85(C).
    11. Huang, Yiping & Li, Xiang & Qiu, Han & Yu, Changhua, 2023. "BigTech credit and monetary policy transmission: Micro-level evidence from China," BOFIT Discussion Papers 2/2023, Bank of Finland Institute for Emerging Economies (BOFIT).
    12. Zhou, Nan & Sun, Ruohan, 2024. "Coping with the storm: The role of fintech in SME survival," International Review of Financial Analysis, Elsevier, vol. 93(C).
    13. Huang, Yiping & Li, Xiang & Qiu, Han & Su, Dan & Yu, Changhua, 2024. "Bigtech credit, small business, and monetary policy transmission: Theory and evidence," IWH Discussion Papers 18/2022, Halle Institute for Economic Research (IWH), revised 2024.
    14. Anne Beck & Sebastian Doerr, 2023. "The financial origins of regional inequality," BIS Working Papers 1151, Bank for International Settlements.

  9. Nicola Pierri & Yannick Timmer, 2020. "Tech in Fin before FinTech: Blessing or Curse for Financial Stability?," CESifo Working Paper Series 8067, CESifo.

    Cited by:

    1. Wang, Xiaodong & Deng, Yunfeng & Mao, Xiaomeng, 2025. "The impact of bank digital transformation on enterprises digital technology innovation in China," International Review of Financial Analysis, Elsevier, vol. 102(C).
    2. Capucine Riom & Anna Valero, 2020. "The business response to Covid-19: the CEP-CBI survey on technology adoption," CEP Covid-19 Analyses cepcovid-19-009, Centre for Economic Performance, LSE.
    3. Boot, Arnoud & Hoffmann, Peter & Laeven, Luc & Ratnovski, Lev, 2020. "Financial intermediation and technology: What’s old, what’s new?," Working Paper Series 2438, European Central Bank.
    4. Rizky Yudaruddin & Bramantyo Adi Nugroho & Mardiany & Zhikry Fitrian & Pebiansyah Hapsari & Yuli Fitrianto & Eka Nor Santi, 2024. "Liquidity and Credit Risk in Indonesia: The Role of FinTech Development," SAGE Open, , vol. 14(2), pages 21582440241, May.
    5. Serhan Cevik, 2024. "The dark side of the moon? Fintech and financial stability," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 71(2), pages 421-433, June.
    6. Dadoukis, Aristeidis & Fiaschetti, Maurizio & Fusi, Giulia, 2021. "IT adoption and bank performance during the Covid-19 pandemic," Economics Letters, Elsevier, vol. 204(C).
    7. Zhou, Zheng & Chau, Ka Yin & Sibghatullah, Amena & Moslehpour, Massoud & Tien, Nguyen Hoang & Nizomjon Shukurullaevich, Khajimuratov, 2024. "The role of green finance, environmental benefits, fintech development, and natural resource management in advancing sustainability," Resources Policy, Elsevier, vol. 92(C).
    8. Cheng, Aijun, 2023. "Evaluating Fintech industry's risks: A preliminary analysis based on CRISP-DM framework," Finance Research Letters, Elsevier, vol. 55(PB).
    9. Massimo Arnone & Alberto Costantiello & Angelo Leogrande & Syed Kafait Hussain Naqvi & Cosimo Magazzino, 2024. "Financial Stability and Innovation: The Role of Non-Performing Loans," FinTech, MDPI, vol. 3(4), pages 1-41, October.
    10. Daud, Siti Nurazira Mohd & Ahmad, Abd Halim & Trinugroho, Irwan & Rusgianto, Sulistya & Ridhwan, Masagus M., 2025. "FinTech and unemployment: New evidence on the role of labor market regulation," Research in International Business and Finance, Elsevier, vol. 79(C).
    11. Nicola Pierri & Yannick Timmer, 2020. "IT Shields: Technology Adoption and Economic Resilience during the Covid-19 Pandemic," CESifo Working Paper Series 8720, CESifo.
    12. Ozili, Peterson K, 2021. "Bank non-performing loans in the Fintech era," MPRA Paper 113467, University Library of Munich, Germany.
    13. Isaac Otchere & Zia Mohammed & Witness Simbanegavi, 2025. "Fintech and financial system stability in South Africa," Working Papers 11082, South African Reserve Bank.
    14. Alan Chernoff & Julapa Jagtiani, 2023. "The Role of Bank-Fintech Partnerships in Creating a More Inclusive Banking System," Working Papers 23-21, Federal Reserve Bank of Philadelphia.
    15. Liurui Deng & Yongbin Lv & Ye Liu & Yiwen Zhao, 2021. "Impact of Fintech on Bank Risk-Taking: Evidence from China," Risks, MDPI, vol. 9(5), pages 1-27, May.
    16. Kyung Yoon Kwon & Philip Molyneux & Livia Pancotto & Alessio Reghezza, 2024. "Banks and FinTech Acquisitions," Journal of Financial Services Research, Springer;Western Finance Association, vol. 65(1), pages 41-75, February.
    17. Laeven, Luc & Boot, Arnoud & Hoffmann, Peter & Ratnovski, Lev, 2020. "Financial Intermediation and Technology: What’s Old, What’s New?," CEPR Discussion Papers 15004, Centre for Economic Policy Research.
    18. Yang, Fan & Masron, Tajul Ariffin, 2024. "Role of financial inclusion and digital transformation on bank credit risk," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 91(C).
    19. Syed Aamir Aijaz & Grima Simon & Sood Kiran, 2024. "Assessing the Role of the Fintech Era on the Banking Stability of an Emerging Economy: Interaction Analysis of the Indian Banking Industry," Folia Oeconomica Stetinensia, Sciendo, vol. 24(1), pages 182-202.
    20. Boot, Arnoud & Hoffmann, Peter & Laeven, Luc & Ratnovski, Lev, 2021. "Fintech: what’s old, what’s new?," Journal of Financial Stability, Elsevier, vol. 53(C).
    21. Kutzbach, Mark J. & Pogach, Jonathan, 2024. "Financial technology and relationship lending: Complements or substitutes?," Journal of Financial Intermediation, Elsevier, vol. 59(C).

  10. Gustavo Adler & Camila Casas & Mr. Luis M. Cubeddu & Ms. Gita Gopinath & Ms. Nan Li & Sergii Meleshchuk & Ms. Carolina Osorio-Buitron & Mr. Damien Puy & Mr. Yannick Timmer, 2020. "Dominant Currencies and External Adjustment," IMF Staff Discussion Notes 2020/005, International Monetary Fund.

    Cited by:

    1. Frohm, Erik, 2023. "Dominant currencies and the export supply channel," International Economics, Elsevier, vol. 173(C), pages 1-18.
    2. Karsten Kohler & Engelbert Stockhammer, 2022. "Flexible exchange rates in emerging markets: shock absorbers or drivers of endogenous cycles?," Working Papers PKWP2205, Post Keynesian Economics Society (PKES).
    3. Georg Zachmann & Guntram B. Wolff & Marcel Fratzscher & Kerstin Bernoth & Gabriel Felbermayr & Niclas Poitiers & Alexander Sandkamp & Mia Hoffmann & Pauline Weil & Katrin Kamin & Malte Rieth & Jacquel, . "Instruments of a strategic foreign economic policy," Bruegel Book, Bruegel, number 45816, January.
    4. Mariana Colacelli & Deepali Gautam & Cyril Rebillard, 2021. "Japan’s Foreign Assets and Liabilities: Implications for the External Accounts," IMF Working Papers 2021/026, International Monetary Fund.
    5. Dandy Badimo & Zhao Yuhuan, 2025. "The effect of exchange rate (regime) on Botswana’s inbound leisure tourism demand," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(4), pages 8909-8934, April.
    6. Boz, Emine & Casas, Camila & Georgiadis, Georgios & Gopinath, Gita & Le Mezo, Helena & Mehl, Arnaud & Nguyen, Tra, 2022. "Patterns of invoicing currency in global trade: New evidence," Journal of International Economics, Elsevier, vol. 136(C).
    7. Boz, Emine & Casas, Camila & Georgiadis, Georgios & Gopinath, Gita & Le Mezo, Helena & Mehl, Arnaud & Nguyen, Tra, 2020. "Patterns in invoicing currency in global trade," Working Paper Series 2456, European Central Bank.
    8. Joana Garcia & João Amador, 2023. "Currency choices and the role of the U.S. dollar in international services trade," Working Papers w202316, Banco de Portugal, Economics and Research Department.
    9. Moro, Alessandro & Nispi Landi, Valerio, 2024. "The external financial spillovers of CBDCs," Journal of Economic Dynamics and Control, Elsevier, vol. 159(C).
    10. Theocharis, Dimitrios & Rodrigues, Vasco Sanchez & Pettit, Stephen & Haider, Jane, 2021. "Feasibility of the Northern Sea Route for seasonal transit navigation: The role of ship speed on ice and alternative fuel types for the oil product tanker market," Transportation Research Part A: Policy and Practice, Elsevier, vol. 151(C), pages 259-283.
    11. Montfaucon, Angella Faith & Sato, Kiyotaka & Shrestha, Nagendra & Parsons, Craig, 2021. "Exchange rate pass-through and invoicing currency choice between fixed and floating exchange rate regimes: Evidence from Malawi’s transaction-level data," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 562-577.
    12. Kim, Minsuk & Mano, Rui C. & Mrkaic, Mico, 2024. "Do FX interventions lead to higher FX debt? Evidence from firm-level data," Journal of International Money and Finance, Elsevier, vol. 148(C).

  11. Nicola Pierri & Yannick Timmer, 2020. "IT Shields: Technology Adoption and Economic Resilience during the Covid-19 Pandemic," CESifo Working Paper Series 8720, CESifo.

    Cited by:

    1. Arntz, Melanie & Böhm, Michael & Graetz, Georg & Gregory, Terry & Lehmer, Florian & Lipowski, Cäcilia, 2024. "Firm-level technology adoption in times of crisis," ZEW Discussion Papers 24-057, ZEW - Leibniz Centre for European Economic Research.
    2. Moritz Kuhn & Jinfeng Luo & Iourii Manovskii & Xincheng Qiu, 2022. "Coordinated Firm-Level Work Processes and Macroeconomic Resilience," ECONtribute Discussion Papers Series 207, University of Bonn and University of Cologne, Germany.
    3. Philippe Askenazy & Clément Brébion & Pierre Courtioux & Christine Erhel & Malo Mofakhami, 2023. "HRM Strategies in Response to the First Covid Lockdown: a Typology of French Workplaces," Working Papers hal-03953817, HAL.
    4. Karen Mossberger & Nicholas F. Martini & Meredith McCullough & Caroline J. Tolbert, 2023. "Digital economic activity and resilience for metros and small businesses during Covid-19," Small Business Economics, Springer, vol. 60(4), pages 1699-1717, April.
    5. Koski, Heli & Fornaro, Paolo, 2024. "Digitalization and Resilience: Data Assets and Firm Productivity Growth During the COVID-19 Pandemic," ETLA Working Papers 113, The Research Institute of the Finnish Economy.
    6. Japan Huynh, 2025. "Digital Transformation and Bank Liquidity Creation: Evidence From a Bank-Based Market," SAGE Open, , vol. 15(4), pages 21582440251, October.
    7. Constantinescu, Ileana Cristina & Grover, Arti & Nayyar, Gaurav, 2024. "Digitalization, Remote Work and Firm Resilience : Evidence from the COVID-19 Shock," Policy Research Working Paper Series 10949, The World Bank.
    8. Mathieu P.A. Steijn, 2024. "The persistence and nature of the labor reallocation shock during the COVID-19 crisis," Tinbergen Institute Discussion Papers 24-047/V, Tinbergen Institute.
    9. Sebastian Doerr & Magdalena Erdem & Guido Franco & Leonardo Gambacorta & Anamaria Illes, 2021. "Technological capacity and firms' recovery from Covid-19," BIS Working Papers 965, Bank for International Settlements.
    10. Sarra Ben Yahmed & Francesco Berlingieri & Eduard Brüll, 2024. "Local Labour Market Resilience: The Role of Digitalisation and Working from Home," CESifo Working Paper Series 11114, CESifo.
    11. Juliana Oliveira-Cunha & Capucine Riom & Anna Valero, 2021. "The business response to Covid-19 one year on: findings from the second wave of the CEP-CBI survey on technology adoption," CEP Covid-19 Analyses cepcovid-19-024, Centre for Economic Performance, LSE.
    12. John (Jianqiu) Bai & Wang Jin & Sifan Zhou, 2024. "Proximity and Knowledge Spillovers: Evidence from the Introduction of New Airline Routes," Management Science, INFORMS, vol. 70(11), pages 7464-7485, November.
    13. Gathmann, Christina & Kagerl, Christian & Pohlan, Laura & Roth, Duncan H.W., 2023. "The Pandemic Push: Digital Technologies and Workforce Adjustments," IZA Discussion Papers 16062, IZA Network @ LISER.
    14. Alex Chernoff & Gabriela Galassi, 2023. "Digitalization: Labour Markets," Discussion Papers 2023-16, Bank of Canada.
    15. Dadoukis, Aristeidis & Fiaschetti, Maurizio & Fusi, Giulia, 2021. "IT adoption and bank performance during the Covid-19 pandemic," Economics Letters, Elsevier, vol. 204(C).
    16. Lin, Xiangyu & Zhang, S. Sarah & Zachariadis, Markos, 2025. "Open data and API adoption of U.S. banks," Journal of Financial Intermediation, Elsevier, vol. 63(C).
    17. Ernawati & Syarif, Muhammad & Asri, Mansyur, . "The Impact of Governance and Digital Competitiveness on Agriculture Sectors Amid Global Uncertainty," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 17(2).
    18. Zou, Yanchi & Li, Kun & He, Lilong & Guo, Jiapei, 2025. "The employment effects of ICT investment: Evidence from the U.S. Commuting Zones," Economic Modelling, Elsevier, vol. 151(C).
    19. Pierri, Nicola & Timmer, Yannick, 2022. "The importance of technology in banking during a crisis," Journal of Monetary Economics, Elsevier, vol. 128(C), pages 88-104.
    20. Jiaming Soh & Myrto Oikonomou & Carlo Pizzinelli & Ippei Shibata & Marina M. Tavares, 2025. "Did the Covid-19 Recession Increase the Demand for Digital Occupations in the USA? Evidence from Employment and Vacancies Data," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 73(1), pages 316-337, March.
    21. Filippo Boeri & Riccardo Crescenzi & Davide Rigo, 2025. "Work from Home and Firm Productivity: The Role of ICT and Size," CESifo Working Paper Series 12253, CESifo.
    22. Joël Cariolle & Florian Léon, 2022. "How internet helped firms to cope with COVID-19," Working Papers hal-03592617, HAL.
    23. Kasra Khademorezaian & Georgia Kosmopoulou & Shane Connelly & Mark Fichtel & Yash Gujar & Heshan Sun, 2023. "Technology use, work adaptation, and economic vulnerability during COVID‐19," Southern Economic Journal, John Wiley & Sons, vol. 90(1), pages 31-43, July.
    24. Benner, Niklas & Heuer, Felix & Kamb, Rebecca & Storm, Eduard, 2025. "Do economic crises reshape the skill content of Jobs? Evidence from organizational changes in the post-pandemic era," Ruhr Economic Papers 1195, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    25. Ganguli, Ina & Haidar, Jamal Ibrahim & Khwaja, Asim Ijaz & Stemper, Samuel & Zafar, Basit, 2024. "Economic shocks and skill acquisition: Evidence from a national online learning platform at the onset of COVID-19," Labour Economics, Elsevier, vol. 90(C).
    26. Mohammad Ashraful Ferdous Chowdhury & Mohammad Abdullah & Nurun Nowshin Chowdhury Nazia & Debarshi Roy, 2023. "The nonlinear and threshold effects of IT investment on the banking sector of Bangladesh," Economic Change and Restructuring, Springer, vol. 56(6), pages 4253-4283, December.
    27. Christoph Müller, 2024. "The COVID-19 pandemic and firms’ E-learning use: implications for inequality in training opportunities," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 58(1), pages 1-15, December.
    28. Rui Tang, 2024. "Can digital economy improve tourism economic resilience? Evidence from China," Tourism Economics, , vol. 30(6), pages 1359-1381, September.
    29. Trunschke, Markus & Peters, Bettina & Czarnitzki, Dirk & Rammer, Christian, 2024. "Pandemic effects: Do innovation activities of firms suffer from Long COVID?," Research Policy, Elsevier, vol. 53(7).
    30. Copestake, Alexander & Estefania-Flores, Julia & Furceri, Davide, 2024. "Digitalization and resilience," Research Policy, Elsevier, vol. 53(3).
    31. Ionel Bostan & Alic Bîrcă, 2024. "Engagement of Moldovan Organizations in Increasing Employment through Flexible Work Arrangements," Central European Business Review, Prague University of Economics and Business, vol. 2024(3), pages 95-122.
    32. Wang, Xueli & Wang, Lei & Zhang, Xuerong & Fan, Fei, 2022. "The spatiotemporal evolution of COVID-19 in China and its impact on urban economic resilience," China Economic Review, Elsevier, vol. 74(C).
    33. Ben Yahmed, Sarra & Berlingieri, Francesco & Brüll, Eduard, 2022. "Adjustments of local labour markets to the COVID-19 crisis: The role of digitalisation and working-from-home," ZEW Discussion Papers 22-031, ZEW - Leibniz Centre for European Economic Research.

  12. Camila Casas & Sergii Meleshchuk & Yannick Timmer, 2020. "The Dominant Currency Financing Channel of External Adjustment," Borradores de Economia 1111, Banco de la Republica de Colombia.

    Cited by:

    1. Frohm, Erik, 2023. "Dominant currencies and the export supply channel," International Economics, Elsevier, vol. 173(C), pages 1-18.
    2. Ding, Ding & Timmer, Yannick, 2023. "Exchange rate elasticities of international tourism and the role of dominant currency pricing," Journal of International Money and Finance, Elsevier, vol. 137(C).
    3. Du, Qingyuan & Hong, Shengjie & Wang, Yao & Wang, Yaqi, 2026. "Exchange rate, foreign currency debt and firm-level investment," Journal of International Money and Finance, Elsevier, vol. 161(C).
    4. Dandy Badimo & Zhao Yuhuan, 2025. "The effect of exchange rate (regime) on Botswana’s inbound leisure tourism demand," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(4), pages 8909-8934, April.
    5. Boz, Emine & Casas, Camila & Georgiadis, Georgios & Gopinath, Gita & Le Mezo, Helena & Mehl, Arnaud & Nguyen, Tra, 2020. "Patterns in invoicing currency in global trade," Working Paper Series 2456, European Central Bank.
    6. Joana Garcia & João Amador, 2023. "Currency choices and the role of the U.S. dollar in international services trade," Working Papers w202316, Banco de Portugal, Economics and Research Department.
    7. Moro, Alessandro & Nispi Landi, Valerio, 2024. "The external financial spillovers of CBDCs," Journal of Economic Dynamics and Control, Elsevier, vol. 159(C).
    8. Montfaucon, Angella Faith & Sato, Kiyotaka & Shrestha, Nagendra & Parsons, Craig, 2021. "Exchange rate pass-through and invoicing currency choice between fixed and floating exchange rate regimes: Evidence from Malawi’s transaction-level data," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 562-577.
    9. Kim, Minsuk & Mano, Rui C. & Mrkaic, Mico, 2024. "Do FX interventions lead to higher FX debt? Evidence from firm-level data," Journal of International Money and Finance, Elsevier, vol. 148(C).
    10. Juan Esteban Carranza & Camila Casas & Alejandra Ximena González-Ramírez, 2020. "The Colombian peso depreciation of 2014-2015 and the adjustment of trade in the manufacturing sector," Borradores de Economia 1125, Banco de la Republica de Colombia.

  13. Weicheng Lian & Natalija Novta & Evgenia Pugacheva & Mr. Yannick Timmer & Petia Topalova, 2019. "The Price of Capital Goods: A Driver of Investment Under Threat," IMF Working Papers 2019/134, International Monetary Fund.

    Cited by:

    1. Guerrazzi, Marco, 2025. "A complete characterization of equilibrium paths in a labour-less two-sector model of optimal growth," MPRA Paper 124225, University Library of Munich, Germany.
    2. Tankwa, Brendon & Barbrook-Johnson, Pete, 2025. "Who rides the renewable cost curve? Country evidence on prices, learning, and policy," INET Oxford Working Papers 2025-17, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    3. Weicheng Lian, 2019. "Technological Changes, Offshoring, and the Labor Share," IMF Working Papers 2019/142, International Monetary Fund.
    4. Leblebicioğlu, Asli & Weinberger, Ariel, 2021. "Openness and factor shares: Is globalization always bad for labor?," Journal of International Economics, Elsevier, vol. 128(C).
    5. Benjamin Grosse-Rueschkamp & Jörg Rocholl, 2020. "Ursachen und Konsequenzen von Niedrigzinsen [Causes and Consequences of Low Interest Rates]," Schmalenbach Journal of Business Research, Springer, vol. 72(4), pages 401-421, December.
    6. Vizhdan Boranova & Raju Huidrom & Sylwia Nowak & Petia Topalova & Mr. Volodymyr Tulin & Mr. Richard Varghese, 2019. "Wage Growth and Inflation in Europe: A Puzzle?," IMF Working Papers 2019/280, International Monetary Fund.
    7. Grigoli, Francesco & Koczan, Zsoka & Topalova, Petia, 2020. "Automation and labor force participation in advanced economies: Macro and micro evidence," European Economic Review, Elsevier, vol. 126(C).
    8. Guerrazzi, Marco, 2025. "A two-sector model of optimal growth in which labour is employed only in the industry of consumption goods: A complete characterization of equilibrium paths," MPRA Paper 126101, University Library of Munich, Germany.
    9. Guerrazzi, Marco, 2025. "A two-sector model of optimal growth in which labour is employed only in the industry of investment goods: A complete characterization of equilibrium paths," MPRA Paper 126299, University Library of Munich, Germany.
    10. Hertwich, Edgar, 2024. "Unseen machines: illuminating equipment’s role in climate change mitigation and resource efficiency," OSF Preprints t35aw, Center for Open Science.
    11. Christian Balcells, 2022. "Determinants of firm boundaries and organizational performance: an empirical investigation of the Chilean truck market," Journal of Evolutionary Economics, Springer, vol. 32(2), pages 423-461, April.
    12. Marco Guerrazzi & Giuseppe Candido, 2025. "The determination of the price of capital goods: A differential game approach," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(1), pages 222-234, January.
    13. Sergii Meleshchuk & Yannick Timmer, 2024. "The price of capital goods, investment and labour: Micro‐evidence from a trade liberalization," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 57(3), pages 799-835, August.
    14. B. Ben Moummad & E. Ezzahid & A. Zoglat, 2023. "The impact of capital goods prices on Africa's economic performance," South African Journal of Economics, Economic Society of South Africa, vol. 91(1), pages 68-84, March.

  14. Timmer, Yannick, 2017. "Cyclical Investment Behaviour across Financial Institutions," ECMI Papers 12747, Centre for European Policy Studies.

    Cited by:

    1. Julia Giese & Michael Joyce & Jack Meaning & Jack Worlidge, 2021. "Preferred habitat investors in the UK government bond market," Bank of England Staff Working Paper series 939, Bank of England.
    2. Molestina Vivar, Luis & Wedow, Michael & Weistroffer, Christian, 2023. "Burned by leverage? Flows and fragility in bond mutual funds," Journal of Empirical Finance, Elsevier, vol. 72(C), pages 354-380.
    3. Markus K. Brunnermeier, 2024. "Presidential Address: Macrofinance and Resilience," Journal of Finance, American Finance Association, vol. 79(6), pages 3683-3728, December.
    4. Daniel Marcel Te Kaat, 2021. "Cross‐Border Debt Flows and Credit Allocation: Firm‐Level Evidence from the Euro Area," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(7), pages 1797-1818, October.
    5. José-Luis Peydró [AP BACKUP – NOW EXTERNAL] & Johannes Bubeck & Angela Maddaloni & José-Luis Peydró, 2019. "Negative Monetary Policy Rates and Systemic Banks' Risk-Taking: Evidence from the Euro Area Securities Register," Working Papers 1128, Barcelona School of Economics.
    6. Olakunle Oloruntobi & Adel Gohari & Safizahanin Mokhtar & Kasypi Mokhtar & Siti Marsila Mhd. Ruslan, 2025. "Comparative analysis of long-term returns, financial considerations, and measurement challenges in future ESG investing," Journal of Asset Management, Palgrave Macmillan, vol. 26(3), pages 271-297, May.
    7. Kaufmann, Christoph, 2021. "Investment funds, monetary policy, and the global financial cycle," ESRB Working Paper Series 119, European Systemic Risk Board.
    8. Igor Kravchuk, 2019. "Management of Investment Funds Financial Fragility," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 15(4), pages 17-32.
    9. Philip R. Lane, 2019. "Globalisation: A Macro-Financial Perspective," The Economic and Social Review, Economic and Social Studies, vol. 50(2), pages 249-263.
    10. Maria Teresa Medeiros Garcia & Alejandro López Atienza, 2026. "The insurance-economic growth nexus in Portugal," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 16(1), pages 1-26, March.
    11. Kristy Jansen & Sven Klingler & Angelo Ranaldo & Patty Duijm, 2024. "Pension Liquidity Risk," Working Papers 801, DNB.
    12. Dekker, Lennart, 2024. "Essays on asset liquidity and investment funds," Other publications TiSEM 5fc9bf77-84e7-4a36-9e3a-1, Tilburg University, School of Economics and Management.
    13. Carvalho, Daniel, 2020. "Leverage and valuation effects: How global liquidity shapes sectoral balance sheets," International Review of Financial Analysis, Elsevier, vol. 72(C).
    14. Luciano, Elisa & Rochet, Jean Charles, 2022. "The fluctuations of insurers’ risk appetite," Journal of Economic Dynamics and Control, Elsevier, vol. 144(C).
    15. Daniel Carvalho & Martin Schmitz, 2023. "Shifts in the portfolio holdings of euro area investors in the midst of COVID‐19: Looking‐through investment funds," Review of International Economics, Wiley Blackwell, vol. 31(5), pages 1641-1687, November.
    16. Jansen, Kristy, 2021. "Essays on institutional investors, portfolio choice, and asset prices," Other publications TiSEM fd998408-d282-4e0f-b542-4, Tilburg University, School of Economics and Management.
    17. Barbu, Alexandru & Fricke, Christoph & ,, 2020. "Procyclical Asset Management and Bond Risk Premia," CEPR Discussion Papers 15123, Centre for Economic Policy Research.
    18. Seda Peksevim & Metin Ercan, 2024. "Do pension funds provide financial stability? Evidence from European Union countries," Journal of Financial Services Research, Springer;Western Finance Association, vol. 66(3), pages 297-328, December.
    19. Matías Lamas & Javier Mencía, 2018. "What drives sovereign debt portfolios of banks in a crisis context?," Working Papers 1843, Banco de España.
    20. Kubitza, Christian & Grochola, Nicolaus & Gründl, Helmut, 2025. "Life insurance convexity," Journal of Banking & Finance, Elsevier, vol. 178(C).
    21. Albertazzi, Ugo & Becker, Bo & Boucinha, Miguel, 2021. "Portfolio rebalancing and the transmission of large-scale asset purchase programs: Evidence from the Euro area," Journal of Financial Intermediation, Elsevier, vol. 48(C).
    22. Hombert, Johan & Möhlmann, Axel & Weiß, Matthias, 2021. "Inter-cohort risk sharing with long-term guarantees: Evidence from German participating contracts," Discussion Papers 10/2021, Deutsche Bundesbank.
    23. Bednarek, Peter & Briukhova, Olga & Ongena, Steven & Westernhagen, Natalja v., 2025. "Effects of bank capital requirements on lending by banks and non-bank financial institutions," Journal of Financial Intermediation, Elsevier, vol. 63(C).
    24. Oscar Botero-Ramírez, 2026. "The Role of Investor Composition in Sovereign Bond Pricing: Evidence from an Emerging Market," IHEID Working Papers 02-2026, Economics Section, The Graduate Institute of International Studies.
    25. Hong Kong Monetary Authority, 2020. "Foreign participation in the local currency bond markets of emerging market economies: good or bad for market resilience and financial stability?," BIS Papers chapters, in: Bank for International Settlements (ed.), Financial market development, monetary policy and financial stability in emerging market economies, volume 113, pages 133-140, Bank for International Settlements.
    26. Ocampo, José Antonio & Villamizar-Villegas, Mauricio & Orbegozo-Rodríguez, Germán & Fajardo-Baquero, Nicolás & Botero-Ramírez, Oscar & Orozco-Vanegas, Camilo, 2025. "The role of investor participation on sovereign debt markets: Evidence from an emerging economy," Emerging Markets Review, Elsevier, vol. 66(C).
    27. Christoph Kaufmann & Jaime Leyva & Manuela Storz, 2025. "Insurance corporations’ balance sheets, financial stability and monetary policy," Working Papers w202502, Banco de Portugal, Economics and Research Department.
    28. Mark Mink & Rodney Ramcharan & Iman van Lelyveld, 2020. "How Banks Respond to Distress: Shifting Risks in Europe’s Banking Union," Tinbergen Institute Discussion Papers 20-006/IV, Tinbergen Institute.
    29. Robert Czech & Matt Roberts-Sklar, 2017. "Investor behaviour and reaching for yield: evidence from the sterling corporate bond market," Bank of England Staff Working Paper series 685, Bank of England.
    30. Cerutti, Eugenio & Claessens, Stijn & Puy, Damien, 2019. "Push factors and capital flows to emerging markets: why knowing your lender matters more than fundamentals," Journal of International Economics, Elsevier, vol. 119(C), pages 133-149.
    31. Barucca, Paolo & Mahmood, Tahir & Silvestri, Laura, 2021. "Common asset holdings and systemic vulnerability across multiple types of financial institution," Journal of Financial Stability, Elsevier, vol. 52(C).
    32. Abbassi, Puriya & Bianchi, Michele Leonardo & Della Gatta, Daniela & Gallo, Raffaele & Gohlke, Hanna & Krause, Daniel & Miglietta, Arianna & Moller, Luca & Orben, Jens & Panzarino, Onofrio & Ruzzi, Da, 2024. "The German and Italian government bond markets: The role of banks versus non-banks," Technical Papers 12/2024, Deutsche Bundesbank.
    33. Rohan Arora & Guillaume Bédard-Pagé & Guillaume Ouellet Leblanc & Ryan Shotlander, 2019. "Bond Funds and Fixed-Income Market Liquidity: A Stress-Testing Approach," Technical Reports 115, Bank of Canada.
    34. Fong, Tom Pak Wing & Sze, Angela Kin Wan & Ho, Edmund Ho Cheung, 2022. "Do long-term institutional investors contribute to financial stability? – Evidence from equity investment in Hong Kong and international markets," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 77(C).
    35. Carol Bertaut & Valentina Bruno & Hyun Song Shin, 2023. "Original sin redux: role of duration risk," BIS Working Papers 1109, Bank for International Settlements.
    36. Leung, David Wing Yu & Wong, Joe Ho-Yeung & Fong, Tom Pak-Wing, 2024. "Run risks of cash-redeemable ETFs," Pacific-Basin Finance Journal, Elsevier, vol. 85(C).
    37. Elisa Luciano & Jean Charles Rochet, 2021. "Risk Appetite Fluctuations in the Insurance Industry," Carlo Alberto Notebooks 666 JEL Classification: G, Collegio Carlo Alberto.
    38. Mählmann, Thomas, 2022. "Negative externalities of mutual fund instability: Evidence from leveraged loan funds," Journal of Banking & Finance, Elsevier, vol. 134(C).
    39. Fay, Constanze & Ghiselli, Angelica, 2023. "Insurers’ investment behaviour and the coronavirus (COVID-19) pandemic," ESRB Occasional Paper Series 22, European Systemic Risk Board.
    40. David Mallaburn & Matt Roberts-Sklar & Laura Silvestri, 2019. "Resilience of trading networks: evidence from the sterling corporate bond market," Bank of England Staff Working Paper series 813, Bank of England.
    41. Magnus Dahlquist & Markus Ibert, 2024. "Equity Return Expectations and Portfolios: Evidence from Large Asset Managers," The Review of Financial Studies, Society for Financial Studies, vol. 37(6), pages 1887-1928.
    42. Kristy Jansen, 2023. "Long-term Investors, Demand Shifts, and Yields," Working Papers 769, DNB.
    43. Dang, Van Dan & Dang, Van Cuong, 2021. "Liquidity injection, bank lending, and security holdings: The asymmetric effects in Vietnam," The Journal of Economic Asymmetries, Elsevier, vol. 24(C).
    44. Paludkiewicz, Karol, 2018. "Unconventional monetary policy, bank lending, and security holdings: The yield-induced portfolio rebalancing channel," Discussion Papers 22/2018, Deutsche Bundesbank.
    45. Bush, Georgia & Cañón, Carlos, 2025. "Capital flows: The role of investment fund portfolio managers," Journal of International Economics, Elsevier, vol. 154(C).
    46. Bergant, Katharina, 2017. "Quantitative Easing and Portfolio Rebalancing: Micro Evidence from Irish Resident Banks," Economic Letters 07/EL/17, Central Bank of Ireland.
    47. Paolo Cavallino & Torsten Ehlers & Fredy Gamboa & Rafael Guerra & Berenice Martinez & Ilhyock Shim, 2026. "Capital flows, exchange rates and financial conditions in EMEs in an evolving international monetary system," BIS Papers chapters, in: Bank for International Settlements (ed.), Capital flows, exchange rates and financial conditions in EMEs in an evolving international monetary system, volume 127, pages 6-62, Bank for International Settlements.
    48. Timmer, Yannick, 2018. "Cyclical investment behavior across financial institutions," Journal of Financial Economics, Elsevier, vol. 129(2), pages 268-286.
    49. Wu, Meng-Wen & Shen, Chung-Hua & Hsu, Hsing-Hua & Chiu, Po-Hao, 2023. "Why did a bank with good governance perform worse during the financial crisis? The views of shareholder and stakeholder orientations," Pacific-Basin Finance Journal, Elsevier, vol. 82(C).
    50. Benjamin Knox & Jakob Ahm Sørensen, 2024. "Insurers’ Investments and Insurance Prices," Finance and Economics Discussion Series 2024-058, Board of Governors of the Federal Reserve System (U.S.).
    51. Carlos Alberto Piscarreta Pinto Ferreira, 2021. "Does Public Debt Ownership Structure Matter for a Borrowing Country?," Working Papers REM 2021/0190, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    52. Christian Bittner & Alexander Rodnyansky & Farzad Saidi & Yannick Timmer, 2024. "Mixing QE and Interest Rate Policies at the Effective Lower Bound: Micro Evidence from the Euro Area," CRC TR 224 Discussion Paper Series crctr224_2024_552, University of Bonn and University of Mannheim, Germany.
    53. Albertazzi, Ugo & Barbiero, Francesca & Marqués-Ibáñez, David & Popov, Alexander & Rodriguez d’Acri, Costanza & Vlassopoulos, Thomas, 2020. "Monetary policy and bank stability: the analytical toolbox reviewed," Working Paper Series 2377, European Central Bank.
    54. de Haan, Leo & Vermeulen, Robert, 2021. "Sovereign debt ratings and the country composition of cross-border holdings of euro area sovereign debt," Journal of International Money and Finance, Elsevier, vol. 119(C).
    55. Thillaikkoothan Palanichamy & Parthajit Kayal, 2022. "Multiple Dimensions of Cyclicality in Investing," Working Papers 2022-216, Madras School of Economics,Chennai,India.
    56. Peydró, José-Luis & Maddaloni, Angela, 2020. "Negative Monetary Policy Rates and Systemic Banks’ Risk-Taking: Evidence from the Euro Area Securities Register," CEPR Discussion Papers 14988, Centre for Economic Policy Research.
    57. Du, Brian & Serrano, Alejandro & Vianna, Andre, 2021. "Short-term institutions’ information advantage and overvaluation," The North American Journal of Economics and Finance, Elsevier, vol. 55(C).
    58. Kliatskova, Tatsiana & Savatier, Loïc Baptiste & Schmidt, Michael, 2023. "Insolvency regimes and cross-border investment decisions," Journal of International Money and Finance, Elsevier, vol. 131(C).
    59. Fidora, Michael & Schmitz, Martin & Bergant, Katharina, 2020. "International capital flows at the security level: evidence from the ECB’s Asset Purchase Programme," Working Paper Series 2388, European Central Bank.
    60. Central Bank of Colombia, 2026. "Global risk transmission to local financial conditions and the participation of foreign investors in emerging market economies' sovereign bond markets: the case of Colombia," BIS Papers chapters, in: Bank for International Settlements (ed.), Capital flows, exchange rates and financial conditions in EMEs in an evolving international monetary system, volume 127, pages 115-130, Bank for International Settlements.
    61. Fricke, Daniel & Jank, Stephan & Wilke, Hannes, 2022. "Who creates and who bears flow externalities in mutual funds?," Discussion Papers 41/2022, Deutsche Bundesbank.
    62. Waqas Ali & Rehman Javaid & Shujahat Ali3 & Yasir Akram & Ayaz Ul Haq, 2019. "Infl Uence Of Life Events On The Financial Satisfaction Of Individuals," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 15(1), pages 123-137.
    63. Yuliya Baranova & Graeme Douglas & Laura Silvestri, 2019. "Simulating stress in the UK corporate bond market: investor behaviour and asset fire-sales," Bank of England Staff Working Paper series 803, Bank of England.
    64. Cappiello, Lorenzo & Holm-Hadulla, Fédéric & Maddaloni, Angela & Mayordomo, Sergio & Unger, Robert & Arts, Laura & Meme, Nicolas & Asimakopoulos, Ioannis & Migiakis, Petros & Behrens, Caterina & Moura, 2021. "Non-bank financial intermediation in the euro area: implications for monetary policy transmission and key vulnerabilities," Occasional Paper Series 270, European Central Bank.
    65. Dunne, Peter G. & Emter, Lorenz & Fecht, Falko & Giuliana, Raffaele & Peia, Oana, 2024. "Financial fragility in open-ended mutual funds: The role of liquidity management tools," Discussion Papers 36/2024, Deutsche Bundesbank.
    66. Tatsiana Kliatskova & Loïc Baptiste Savatier, 2020. "Insolvency Regimes and Cross-Border Investment Decisions," Discussion Papers of DIW Berlin 1862, DIW Berlin, German Institute for Economic Research.
    67. Mark Mink & Rodney Ramcharan & Iman van Lelyveld, 2020. "How banks respond to distress: Shifting risks in Europe's banking union," Working Papers 669, DNB.
    68. Giuzio, Margherita & Kapadia, Sujit & Kaufmann, Christoph & Storz, Manuela & Weistroffer, Christian, 2025. "Macroprudential policy, monetary policy and non-bank financial intermediation," Working Paper Series 3130, European Central Bank.
    69. Carvalho, Daniel, 2022. "The portfolio holdings of euro area investors: Looking through investment funds," Journal of International Money and Finance, Elsevier, vol. 120(C).
    70. Martijn A. Boermans & Robert Vermeulen, 2020. "International investment positions revisited: Investor heterogeneity and individual security characteristics," Review of International Economics, Wiley Blackwell, vol. 28(2), pages 466-496, May.
    71. Onofrio Panzarino, 2023. "Investor behavior under market stress:evidence from the Italian sovereign bond market," Mercati, infrastrutture, sistemi di pagamento (Markets, Infrastructures, Payment Systems) 33, Bank of Italy, Directorate General for Markets and Payment System.
    72. Kollar, Miroslav & Schmieder, Christian, 2019. "Macro-based asset allocation: An empirical analysis," EIB Working Papers 2019/11, European Investment Bank (EIB).
    73. Carvalho, Daniel & Schmitz, Martin, 2022. "Brexit, what Brexit? Euro area portfolio exposures to the United Kingdom since the Brexit referendum," Working Paper Series 2734, European Central Bank.
    74. Holm-Hadulla, Fédéric & Leombroni, Matteo, 2025. "Heterogeneous intermediaries in the transmission of central bank corporate bond purchases," Working Paper Series 3101, European Central Bank.
    75. Valerio Della Corte & Stefano Federico, 2019. "Two tales of foreign investor outflows: Italy in 2011-2012 and 2018," Questioni di Economia e Finanza (Occasional Papers) 535, Bank of Italy, Economic Research and International Relations Area.
    76. Altavilla, Carlo & Fernandes, Cecilia Melo & Ongena, Steven & Scopelliti, Alessandro, 2022. "Bank bond holdings and bail-in regulatory changes: evidence from euro area security registers," Working Paper Series 2758, European Central Bank.
    77. Crosignani, Matteo & Faria-e-Castro, Miguel & Fonseca, Luís, 2020. "The (Unintended?) consequences of the largest liquidity injection ever," Journal of Monetary Economics, Elsevier, vol. 112(C), pages 97-112.
    78. Möhlmann, Axel, 2017. "Interest rate risk of life insurers: Evidence from accounting data," Discussion Papers 10/2017, Deutsche Bundesbank.
    79. Liao, Wenbin & Du, Jianing & Sun, Ping-Wen, 2020. "Heterogeneous institutional preferences and informativeness: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 60(C).

  15. Harald Hau & Peter Hoffmann & Sam Langfield & Yannick Timmer, 2017. "Discriminatory Pricing of Over-the-Counter Derivatives," Swiss Finance Institute Research Paper Series 17-70, Swiss Finance Institute.

    Cited by:

    1. Jason Allen & Milena Wittwer, 2021. "Centralizing Over-the-Counter Markets?," Staff Working Papers 21-39, Bank of Canada.
    2. Christina Brinkmann, 2023. "Differentiation in Risk Profiles," CRC TR 224 Discussion Paper Series crctr224_2023_444, University of Bonn and University of Mannheim, Germany.
    3. Michail Anthropelos & Constantinos Stefanakis, 2024. "Continuous-time Equilibrium Returns in Markets with Price Impact and Transaction Costs," Papers 2405.14418, arXiv.org.
    4. Cenedese, Gino & Ranaldo, Angelo & Vasios, Michalis, 2020. "OTC premia," Journal of Financial Economics, Elsevier, vol. 136(1), pages 86-105.
    5. Byzalov, Dmitri & Basu, Sudipta, 2024. "The misuse of regression-based x-Scores as dependent variables," Journal of Accounting and Economics, Elsevier, vol. 77(2).
    6. Daniel Neuhann & Michael Sockin, 2019. "Risk-Sharing and Investment in Concentrated Markets," 2019 Meeting Papers 118, Society for Economic Dynamics.
    7. Fontana, Silvia Dalla & Holz auf der Heide, Marco & Pelizzon, Loriana & Scheicher, Martin, 2019. "The anatomy of the euro area interest rate swap market," SAFE Working Paper Series 255, Leibniz Institute for Financial Research SAFE.
    8. Delis, Manthos & Politsidis, Panagiotis & Sarno, Lucio, 2018. "Foreign currency lending," MPRA Paper 88197, University Library of Munich, Germany.
    9. Kohei Maehashi & Daisuke Miyakawa & Kana Sasamoto, 2026. "Pricing implications of centrality in an OTC derivative market: an empirical analysis using transation-level CDS data," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Statistics and beyond: new data for decision making in central banks, volume 66, Bank for International Settlements.
    10. Camila Casas & Sergii Meleshchuk & Yannick Timmer, 2022. "The Dominant Currency Financing Channel of External Adjustment," International Finance Discussion Papers 1343, Board of Governors of the Federal Reserve System (U.S.).
    11. Abbassi, Puriya & Bräuning, Falk, 2018. "The pricing of FX forward contracts: Micro evidence from banks' dollar hedging," Discussion Papers 42/2018, Deutsche Bundesbank.
    12. Fiedor, Paweł & Killeen, Neill, 2019. "Securisation special purpose entities, bank sponsors and derivatives," ESRB Working Paper Series 99, European Systemic Risk Board.
    13. de Roure, Calebe & Mönch, Emanuel & Pelizzon, Loriana & Schneider, Michael, 2021. "OTC discount," SAFE Working Paper Series 298, Leibniz Institute for Financial Research SAFE, revised 2021.
      • de Roure, Calebe & Mönch, Emanuel & Pelizzon, Loriana & Schneider, Michael, 2019. "OTC discount," Discussion Papers 42/2019, Deutsche Bundesbank.
    14. Anthropelos, Michail & Kardaras, Constantinos, 2024. "Price impact under heterogeneous beliefs and restricted participation," Journal of Economic Theory, Elsevier, vol. 215(C).
    15. John M. Griffin & Nicholas Hirschey & Samuel Kruger, 2023. "Do Municipal Bond Dealers Give Their Customers “Fair and Reasonable” Pricing?," Journal of Finance, American Finance Association, vol. 78(2), pages 887-934, April.
    16. Wang, Chaojun, 2023. "The limits of multi-dealer platforms," Journal of Financial Economics, Elsevier, vol. 149(3), pages 434-450.
    17. Simon Jurkatis & Andreas Schrimpf & Karamfil Todorov & Nicholas Vause, 2023. "Relationship discounts in corporate bond trading," Bank of England Staff Working Paper series 1049, Bank of England.
    18. Singer, Alexander, 2026. "Dealer competition in over-the-counter markets," Journal of Financial Markets, Elsevier, vol. 77(C).
    19. Taylor A. Begley & Umit G. Gurun & Amiyatosh Purnanandam & Daniel Weagley, 2024. "Disaster Lending: “Fair” Prices but “Unfair” Access," Management Science, INFORMS, vol. 70(12), pages 8484-8505, December.
    20. Umang Khetan & Ioana Neamțu & Ishita Sen, 2023. "The market for sharing interest rate risk: quantities behind prices," Bank of England Staff Working Paper series 1031, Bank of England.
    21. Wenxin Du & Salil Gadgil & Michael B. Gordy & Clara Vega, 2024. "Counterparty Risk and Counterparty Choice in the Credit Default Swap Market," Management Science, INFORMS, vol. 70(6), pages 3808-3826, June.
    22. Daisuke Miyakawa & Takemasa Oda & Taihei Sone, 2023. "Regulatory Reforms and Price Heterogeneity in an OTC Derivative Market," Bank of Japan Working Paper Series 23-E-12, Bank of Japan.
    23. Ingomar Krohn & Vladyslav Sushko, 2020. "FX spot and swap market liquidity spillovers," BIS Working Papers 836, Bank for International Settlements.
    24. Kubitza, Christian & Sigaux, Jean-David & Vandeweyer, Quentin, 2025. "The implications of CIP deviations for international capital flows," Working Paper Series 3017, European Central Bank.
    25. Jukonis, Audrius, 2022. "Evaluating market risk from leveraged derivative exposures," Working Paper Series 2722, European Central Bank.
    26. Kamate, Vidya & Kumar, Abhishek, 2024. "Dealer networks, client sophistication and pricing in OTC derivatives," Journal of International Money and Finance, Elsevier, vol. 140(C).
    27. Schrimpf, Paul & Malamud, Semyon, 2018. "Intermediation markups and monetary policy pass-through," CEPR Discussion Papers 12623, Centre for Economic Policy Research.
    28. Eddie Gerba & Petros Katsoulis, 2021. "The repo market under Basel III," Bank of England Staff Working Paper series 954, Bank of England.
    29. Andreas Schrimpf & Vladyslav Sushko, 2019. "FX trade execution: complex and highly fragmented," BIS Quarterly Review, Bank for International Settlements, December.
    30. Opie, Wei & Riddiough, Steven J., 2020. "Global currency hedging with common risk factors," Journal of Financial Economics, Elsevier, vol. 136(3), pages 780-805.
    31. Filippou, Ilias & Maurer, Thomas A. & Pezzo, Luca & Taylor, Mark P., 2024. "Importance of transaction costs for asset allocation in foreign exchange markets," Journal of Financial Economics, Elsevier, vol. 159(C).

  16. Mr. Romain A Duval & Mr. Gee Hee Hong & Mr. Yannick Timmer, 2017. "Financial Frictions and the Great Productivity Slowdown," IMF Working Papers 2017/129, International Monetary Fund.

    Cited by:

    1. Masami Imai & Michiru Sawada, 2022. "Does a Financial Crisis Impair Corporate Innovation?," Wesleyan Economics Working Papers 2022-002, Wesleyan University, Department of Economics.
    2. C. Duprez & Ch. Piette, 2017. "Are bank loans being granted to the best-performing firms ?," Economic Review, National Bank of Belgium, issue iii, pages 29-41, December.
    3. Setzer, Ralph & Stieglitz, Moritz, 2019. "Firm-level employment, labour market reforms, and bank distress," Working Paper Series 2334, European Central Bank.
    4. Paul W. Wilson & Shirong Zhao, 2025. "A non-parametric analysis of world productivity growth, 1990–2019," Annals of Operations Research, Springer, vol. 346(3), pages 2253-2285, March.
    5. Joseph, Andreas & Kneer, Christiane & van Horen, Neeltje, 2022. "All You Need is Cash: Corporate Cash Holdings and Investment after the Financial Crisis," CEPR Discussion Papers 14199, Centre for Economic Policy Research.
    6. Claudiu Tiberiu Albulescu, 2024. "Total factor productivity and tax avoidance: An asymmetric micro-data analysis for European oil and gas companies," Working Papers 2024.15, International Network for Economic Research - INFER.
    7. Peia, Oana & Romelli, Davide, 2022. "Did financial frictions stifle R&D investment in Europe during the great recession?," Journal of International Money and Finance, Elsevier, vol. 120(C).
    8. Xiaojuan He & Dervis Kirikkaleli & Melike Torun & Zecheng Li, 2021. "Modeling Economic Risk in the QISMUT Countries: Evidence From Nonlinear Cointegration Tests," SAGE Open, , vol. 11(4), pages 21582440211, October.
    9. Bechlioulis, Alexandros & Economidou, Claire & Karamanis, Dimitrios & Konstantios, Dimitrios, 2023. "How important are capital controls in shaping innovation activity?," Journal of International Money and Finance, Elsevier, vol. 131(C).
    10. Bailey, Warren & Muradoglu, Gulnur & Onay, Ceylan & Phylaktis, Kate, 2024. "Foreign investors, firm level productivity, and European economic integration," Journal of Corporate Finance, Elsevier, vol. 85(C).
    11. Philippe Aghion & Antonin Bergeaud & Gilbert Cette & Rémy Lecat & Hélène Maghin, 2018. "The inverted-U relationship between credit access and productivity growth," CEP Discussion Papers dp1588, Centre for Economic Performance, LSE.
    12. Akram Khalilov, 2026. "Informational and cushioning properties of conservative balance sheets: a study of crises resilience," Review of Quantitative Finance and Accounting, Springer, vol. 66(1), pages 313-357, January.
    13. Mr. JaeBin Ahn & Mr. Romain A Duval & Can Sever, 2020. "Macroeconomic Policy, Product Market Competition, and Growth: The Intangible Investment Channel," IMF Working Papers 2020/025, International Monetary Fund.
    14. Pardesi, Mantej, 2024. "Productivity convergence and firm’s training strategy," ROA Research Memorandum 003, Maastricht University, Research Centre for Education and the Labour Market (ROA).
    15. Liu, Shasha & Yin, Shanshan & Yin, Chuan & Sheng, Yan, 2021. "Does the price of natural resources affect firms’ total factor productivity? Evidence from a natural experiment in China," Economic Analysis and Policy, Elsevier, vol. 70(C), pages 37-50.
    16. Jorge Andrés Vélez-Ospina & Isabel Busom Piquer, 2020. "Subsidizing Innovation Over the Business Cycle," Working Papers wpdea2001, Department of Applied Economics at Universitat Autonoma of Barcelona.
    17. Lenzu, Simone & Manaresi, Francesco, 2018. "Do Marginal Products Differ from User Costs? Micro-Level Evidence from Italian Firms," Working Papers 276, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    18. Apedo Amah,Marie Christine & Avdiu,Besart & Cirera,Xavier & Vargas Da Cruz,Marcio Jose & Davies,Elwyn Adriaan Robin & Grover,Arti Goswami & Iacovone,Leonardo & Kilinc,Umut & Medvedev,Denis & Maduko,Fr, 2020. "Unmasking the Impact of COVID-19 on Businesses : Firm Level Evidence from Across the World," Policy Research Working Paper Series 9434, The World Bank.
    19. Bednarek, Peter & Dinger, Valeriya & Kaat, Daniel Marcel te & Westernhagen, Natalja von, 2021. "To whom do banks channel central bank funds?," Journal of Banking & Finance, Elsevier, vol. 128(C).
    20. Djokoto, Justice G. & Agyeiwaa-Afrane, Akua & Badu-Prah, Charlotte & Gidiglo, Ferguson K. & Srofenyoh, Francis Y. & Agyei-Henaku, Kofi Aaron A-O., 2025. "Application of the estimation of multiple effect size to frontier efficiency meta-regression of agriculture in Ghana," Research in Economics, Elsevier, vol. 79(1).
    21. Alona Bilokha & Sudip Gupta, 2024. "Shareholder litigation rights and firm productivity," Financial Markets, Institutions & Instruments, John Wiley & Sons, vol. 33(2), pages 65-90, May.
    22. Olivér Kovács, 2022. "Zombification and Industry 4.0—Directional Financialisation against Doomed Industrial Revolution," Social Sciences, MDPI, vol. 11(5), pages 1-24, May.
    23. Mitra, Aruni & Wei, Mengying, 2025. "Long shadow of the U.S. mortgage expansion: Evidence from local labour markets," European Economic Review, Elsevier, vol. 172(C).
    24. Grégory Donnat & Maxime Menuet & Alexandru Minea & Patrick Villieu, 2025. "Does Public Debt Impair Total Factor Productivity?," GREDEG Working Papers 2025-26, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    25. Andrew Filardo & Marco Jacopo Lombardi & Marek Raczko, 2018. "Measuring financial cycle time," BIS Working Papers 755, Bank for International Settlements.
    26. Ryan Niladri Banerjee & Enisse Kharroubi, 2020. "The financial vulnerabilities driving firms to the exit," BIS Quarterly Review, Bank for International Settlements, December.
    27. Goldin, Ian & Koutroumpis, Pantelis & Lafond, François & Winkler, Julian, 2020. "Why is productivity slowing down?," MPRA Paper 99172, University Library of Munich, Germany.
    28. Joris Tielens & Simone Lenzu & David A. Rivers & Shi Hu, 2025. "Financial shocks, producivity and prices," Working Paper Research 479, National Bank of Belgium.
    29. Lu, Yunguo & Zhang, Lin, 2022. "National mitigation policy and the competitiveness of Chinese firms," Energy Economics, Elsevier, vol. 109(C).
    30. Francesco Campobasso & Michele Samuele Borgia & Francesco Albergo, 2023. "Facing the storm: Lessons from corporate social responsibility during the covid pandemic," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(6), pages 3174-3188, November.
    31. Philippe Aghion & Antonin Bergeaud & Gilbert Cette & Rémy Lecat & Hélène Maghin, 2019. "Coase Lecture - The Inverted-U Relationship Between Credit Access and Productivity Growth," Post-Print hal-01976402, HAL.
    32. Liu, Weilin & Cheng, Qian & Sickles, Robin C., 2022. "Productivity Growth and Spillovers across European Industries: A Global Value Chain Perspective Based on EURO KLEMS," Working Papers 22-001, Rice University, Department of Economics.
    33. John P. Weche & Achim Wambach, 2018. "The fall and rise of market power in Europe," Working Paper Series in Economics 379, University of Lüneburg, Institute of Economics.
    34. Wenzhen Mai, 2025. "RETRACTED ARTICLE: Investigating the Connections Between Short-Selling Deregulation and Green Total Factor Productivity: Empirical Insights from China," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(1), pages 2425-2450, March.
    35. Abele, Christian & Bénassy-Quéré, Agnès & Fontagné, Lionel, 2024. "The impact of financial tightening on firm productivity: Maturity matters," Journal of International Money and Finance, Elsevier, vol. 144(C).
    36. Wix, Carlo, 2017. "The long-run real effects of banking crises: Firm-level investment dynamics and the role of wage rigidity," SAFE Working Paper Series 189, Leibniz Institute for Financial Research SAFE.
    37. Camila Casas & Sergii Meleshchuk & Yannick Timmer, 2020. "The Dominant Currency Financing Channel of External Adjustment," Borradores de Economia 1111, Banco de la Republica de Colombia.
    38. Ferrando, Annalisa & McAdam, Peter & Petroulakis, Filippos & Vives, Xavier, 2021. "Product market structure and monetary policy: evidence from the Euro Area," Working Paper Series 2632, European Central Bank.
    39. Iftekhar Hasan & Stefano Manfredonia, 2021. "Productivity, managers' social connections and the Great Recession," CEIS Research Paper 507, Tor Vergata University, CEIS, revised 10 Mar 2021.
    40. Doerr, Sebastian, 2018. "Collateral, Reallocation, and Aggregate Productivity: Evidence from the U.S. Housing Boom," MPRA Paper 106163, University Library of Munich, Germany.
    41. Valerie Cerra & Antonio Fatas & Sweta C Saxena, 2021. "Fighting the scarring effects of COVID-19 [Stagnation traps]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 30(2), pages 459-466.
    42. Mariana Colacelli & Mr. Gee Hee Hong, 2019. "Productivity Drag from Small and Medium-Sized Enterprises in Japan," IMF Working Papers 2019/137, International Monetary Fund.
    43. Gao, Peng & He, Ling & Hu, Shiyang & Xin, Qingquan, 2024. "Double-edged sword: Does strong creditor protection in the bankruptcy process affect firm productivity," International Review of Financial Analysis, Elsevier, vol. 95(PA).
    44. Zhiyuan Chen & Minjie Deng & Min Fang, 2022. "Financing Innovation with Innovation," Working Papers 002004, University of Florida, Department of Economics.
    45. Stiebale, Joel & Suedekum, Jens & Woessner, Nicole, 2024. "Robots and the rise of European superstar firms," International Journal of Industrial Organization, Elsevier, vol. 97(C).
    46. Bednarek, Peter & Dinger, Valeriya & te Kaat, Daniel Marcel & von Westernhagen, Natalja, 2020. "Central bank funding and credit risk-taking," Discussion Papers 36/2020, Deutsche Bundesbank.
    47. Guérin, Pierre, 2023. "What are the effects of monetary policy on productivity?," Economics Letters, Elsevier, vol. 233(C).
    48. Bauer, Peter & Domnick, Clemens & Harasztosi, Peter & Rückert, Désirée & Weiss, Christoph, 2024. "Intangible differences: Investment during the pandemic and the role of financial constraints," EIB Working Papers 2024/06, European Investment Bank (EIB).
    49. Kluge, Jan & Lappoehn, Sarah & Plank, Kerstin, 2020. "The Determinants of Economic Competitiveness," IHS Working Paper Series 24, Institute for Advanced Studies.
    50. Catão, Luis A. V. & de Faria, Pedro & Martins, António & Portela, Miguel, 2023. "Globalization and Firm Performance," IZA Discussion Papers 15903, IZA Network @ LISER.
    51. Christian Abele & Agnès Bénassy-Quéré & Lionel Fontagné, 2020. "One Size Does Not Fit All: TFP in the Aftermath of Financial Crises in Three European Countries," PSE Working Papers halshs-02883685, HAL.
    52. Paul Bouche & Gilbert Cette & Rémy Lecat, 2021. "News from the Frontier: Increased Productivity Dispersion across Firms and Factor Reallocation," Review of Economics and Institutions, Università di Perugia, vol. 12(2).
    53. Mr. Gee Hee Hong & Zsoka Koczan & Weicheng Lian & Mr. Malhar S Nabar, 2018. "More Slack than Meets the Eye? Recent Wage Dynamics in Advanced Economies," IMF Working Papers 2018/050, International Monetary Fund.
    54. Wu, Qingyang & Wang, Yanying, 2022. "How does carbon emission price stimulate enterprises' total factor productivity? Insights from China's emission trading scheme pilots," Energy Economics, Elsevier, vol. 109(C).
    55. Archawa Paweenawat & Thitima Chucherd & Nakarin Amarase, 2017. "Uncovering Productivity Puzzles in Thailand: Lessons from Microdata," PIER Discussion Papers 73, Puey Ungphakorn Institute for Economic Research.
    56. Beqiraj, Elton & Cao, Qingqing & Minetti, Raoul & Tarquini, Giulio, 2025. "Persistent slumps: Innovation and the credit channel of monetary policy," European Economic Review, Elsevier, vol. 172(C).
    57. Agostino, M. & Nifo, A. & Ruberto, S. & Scalera, D. & Trivieri, F., 2022. "Productivity changes in the automotive industry of three European countries. An application of the Malmquist index decomposition analysis," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 216-226.
    58. Ballestar, María Teresa & Díaz-Chao, Ángel & Sainz, Jorge & Torrent-Sellens, Joan, 2020. "Knowledge, robots and productivity in SMEs: Explaining the second digital wave," Journal of Business Research, Elsevier, vol. 108(C), pages 119-131.
    59. John P. Weche & Joachim Wagner, 2020. "Markups and Concentration in the Context of Digitization: Evidence from German Manufacturing Industries," Working Paper Series in Economics 391, University of Lüneburg, Institute of Economics.
    60. Wang, Sinuo & Wei, Chu, 2026. "How certification programs boost SME productivity: Evidence from China’s targeted industrial policy," Structural Change and Economic Dynamics, Elsevier, vol. 76(C), pages 152-170.
    61. Lodge, David & Pérez, Javier J. & Albrizio, Silvia & Everett, Mary & De Bandt, Olivier & Georgiadis, Georgios & Ca' Zorzi, Michele & Lastauskas, Povilas & Carluccio, Juan & Parraga Rodriguez, Susana &, 2021. "The implications of globalisation for the ECB monetary policy strategy," Occasional Paper Series 263, European Central Bank.
    62. Altomonte, Carlo & Morlacco, Monica & Sonno, Tommaso & Favoino, Domenico, 2025. "Liquidity as competitive advantage: The role of intangibles," Journal of International Economics, Elsevier, vol. 158(C).
    63. Accetturo, Antonio & Barboni, Giorgia & Cascarano, Michele & Garcia-Appendini, Emilia & Tomasi, Marco, 2022. "Credit supply and green Investments," CAGE Online Working Paper Series 615, Competitive Advantage in the Global Economy (CAGE).
    64. Patrick Schneider, 2018. "Decomposing differences in productivity distributions," Bank of England Staff Working Paper series 740, Bank of England.
    65. Dany Bahar, 2017. "The Middle Productivity Trap: Dynamics of Productivity Dispersion," CID Working Papers 87a, Center for International Development at Harvard University.
    66. Sever, Can & Yücel, Emekcan, 2024. "Does informality hinder financial development convergence?," Economic Systems, Elsevier, vol. 48(2).
    67. Fatou Kiné Thioune, 2026. "Misallocation and financial constraints among firms in Sub-Saharan Africa," SN Business & Economics, Springer, vol. 6(1), pages 1-22, January.
    68. Christoph Sommer, 2024. "The Impact of Long-Term Finance on Job Quality, Investments and Firm Performance: Cross-Country Evidence," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 36(4), pages 747-776, August.
    69. Liu, Xinheng & Pan, Sishi & Li, Shuxian & Yang, Xin & Huang, Chuangxia, 2024. "Unraveling the causal impact: Oil price uncertainty on firms’ productivity in China," Resources Policy, Elsevier, vol. 96(C).
    70. Pardesi, Mantej, 2024. "Productivity Convergence and Firm’s Training Strategy," Research Memorandum 003, Maastricht University, Graduate School of Business and Economics (GSBE).
    71. Antonin Bergeaud & Gilbert Cette & Rémy Lecat, 2019. "The Circular Relationship Between Productivity Growth and Real Interest Rates," Working papers 734, Banque de France.
    72. Romain Duval & Davide Furceri & Raphaël Lee & Marina M. Tavares, 2024. "Market power and monetary policy transmission," Economica, London School of Economics and Political Science, vol. 91(362), pages 669-700, April.
    73. Andreas Joseph & Christiane Kneer & Neeltje van Horen, 2021. "All You Need Is Cash: Corporate Cash Holdings and Investment after the Global Financial Crisis," CESifo Working Paper Series 9053, CESifo.
    74. Frederic Ang & Pieter Jan Kerstens, 2023. "Robust nonparametric analysis of dynamic profits, prices and productivity: An application to French meat-processing firms," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 50(2), pages 771-809.
    75. Anderton, Robert & Jarvis, Valerie & Labhard, Vincent & Morgan, Julian & Petroulakis, Filippos & Vivian, Lara, 2020. "Virtually everywhere? Digitalisation and the euro area and EU economies," Occasional Paper Series 244, European Central Bank.
    76. Maarten Cerpentier & Tom Vanacker & Ine Paeleman & Katja Bringmann, 2022. "Equity crowdfunding, market timing, and firm capital structure," The Journal of Technology Transfer, Springer, vol. 47(6), pages 1766-1793, December.
    77. Michalô °€ Brzozowski, 2020. "Impact of Credit Market Development and Stability on Productivity: New Evidence from the Industry Level," Annals of Economics and Finance, Society for AEF, vol. 21(1), pages 111-129, May.
    78. Damiano Di Francesco & Omar Pietro Carnevale, 2025. "Are Hysteresis Effects Nonlinear?," LEM Papers Series 2025/32, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    79. Elfsbacka Schmöller, Michaela & Goldfayn-Frank, Olga & Schmidt, Tobias, 2024. "Do recessions slow technology growth? Evidence from the firm level," Bank of Finland Research Discussion Papers 15/2024, Bank of Finland.
    80. Mariem Khalifa & Ali Sheikhbahaei & Mohammed Aminu Sualihu, 2024. "The power of the business media: Evidence from firm‐level productivity," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 51(1-2), pages 5-44, January.
    81. Paolo Pedotti, 2025. "Total Factor Productivity and its determinants: an analysis of the relationship at firm level through unsupervised learning techniques," Papers 2511.19627, arXiv.org, revised May 2026.
    82. Jerónimo, J. & Azevedo, Assis & Neves, P.C. & Thompson, M., 2023. "Interactions between financial constraints and economic growth," The North American Journal of Economics and Finance, Elsevier, vol. 67(C).
    83. Bessonova, E. & Tsvetkova, A., 2020. "Productivity growth and inefficient firms' exit from the market," Journal of the New Economic Association, New Economic Association, vol. 48(4), pages 185-196.
    84. Oana Peia & Davide Romelli, 2019. "Did bank lending stifle innovation in Europe during the Great Recession?," Working Papers 201926, School of Economics, University College Dublin.
    85. Weilin Liu & Qian Cheng & Robin C. Sickles, 2022. "Productivity Growth and Spillovers across European and American Industries: A Global Value Perspective Based on EU KLEMS," International Productivity Monitor, Centre for the Study of Living Standards, vol. 43, pages 86-109, Fall.
    86. Hasan, Iftekhar & Manfredonia, Stefano, 2022. "Productivity, managers’ social connections and the financial crisis," Journal of Banking & Finance, Elsevier, vol. 141(C).
    87. Christian Osterhold, 2018. "Fear the walking dead: zombie firms, spillovers and exit barriers," Working Papers w201811, Banco de Portugal, Economics and Research Department.
    88. Schain, Jan Philip, 2022. "Foreign institutional investors and the great productivity slowdown," DICE Discussion Papers 379, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    89. Sommer, Christoph, 2021. "The impact of patient capital on job quality, investments and firm performance: Cross-country evidence on long-term finance," IDOS Discussion Papers 6/2021, German Institute of Development and Sustainability (IDOS).
    90. Sebastian Doerr, 2019. "Unintended side effects: stress tests, entrepreneurship, and innovation," BIS Working Papers 823, Bank for International Settlements.
    91. Francesco Manaresi & Nicola Pierri, 2018. "Credit supply and productivity growth," Temi di discussione (Economic working papers) 1168, Bank of Italy, Economic Research and International Relations Area.
    92. Timmer, Yannick & Pierri, Niccola, 2021. "The importance of technology in banking during a crisis," ESRB Working Paper Series 117, European Systemic Risk Board.
    93. Bryan Harcy & Can Sever, 2020. "Financial Crises and Innovation," BIS Working Papers 846, Bank for International Settlements.
    94. Rasmus Wiese & Joåo Tovar Jalles & Jakob de Haan & João Tovar Jalles, 2024. "Labour Market Counter-Reforms in OECD Countries: Conditional Impact on Output and Employment Growth," CESifo Working Paper Series 11199, CESifo.
    95. Wulong Gu & Michael Willox, 2018. "Productivity Growth in Canada and the United States: Recent Industry Trends and Potential Explanations," International Productivity Monitor, Centre for the Study of Living Standards, vol. 35, pages 73-94, Fall.
    96. Ozan Güler & Mike Mariathasan & Klaas Mulier & Nejat G. Okatan, 2021. "The real effects of banks' corporate credit supply: A literature review," Economic Inquiry, Western Economic Association International, vol. 59(3), pages 1252-1285, July.
    97. Nicola Pierri & Yannick Timmer, 2020. "Tech in Fin before FinTech: Blessing or Curse for Financial Stability?," CESifo Working Paper Series 8067, CESifo.
    98. Florio, Erminia & Manfredonia, Stefano, 2021. "Ancestors, inter-generational transmission of attitudes, and corporate performance: Evidence from the Italian Mass Migration," GLO Discussion Paper Series 830, Global Labor Organization (GLO).
    99. Copestake, Alexander & Estefania-Flores, Julia & Furceri, Davide, 2024. "Digitalization and resilience," Research Policy, Elsevier, vol. 53(3).
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Articles

  1. Oikonomou, Myrto & Pierri, Nicola & Timmer, Yannick, 2023. "IT shields: Technology adoption and economic resilience during the COVID-19 pandemic," Labour Economics, Elsevier, vol. 81(C).
    See citations under working paper version above.
  2. Anastasia Burya & Rui Mano & Yannick Timmer & Anke Weber, 2023. "The Wage Phillips Curve under Labor Market Power," AEA Papers and Proceedings, American Economic Association, vol. 113, pages 110-113, May.

    Cited by:

    1. Brzozowski, Michał & Siwińska-Gorzelak, Joanna, 2024. "Did robots make wages less responsive to unemployment?," Technological Forecasting and Social Change, Elsevier, vol. 209(C).
    2. Behera, Harendra & Mazumder, Debojyoti & ., Kaustubh, 2025. "Wage Phillips Curve of a Large Emerging Economy: Role of Structural Heterogeneity," MPRA Paper 124647, University Library of Munich, Germany.

  3. Ding, Ding & Timmer, Yannick, 2023. "Exchange rate elasticities of international tourism and the role of dominant currency pricing," Journal of International Money and Finance, Elsevier, vol. 137(C).
    See citations under working paper version above.
  4. Pierri, Nicola & Timmer, Yannick, 2022. "The importance of technology in banking during a crisis," Journal of Monetary Economics, Elsevier, vol. 128(C), pages 88-104.
    See citations under working paper version above.
  5. Harald Hau & Peter Hoffmann & Sam Langfield & Yannick Timmer, 2021. "Discriminatory Pricing of Over-the-Counter Derivatives," Management Science, INFORMS, vol. 67(11), pages 6660-6677, November.
    See citations under working paper version above.
  6. Romain Duval & Gee Hee Hong & Yannick Timmer & Philip Strahan, 2020. "Financial Frictions and the Great Productivity Slowdown," The Review of Financial Studies, Society for Financial Studies, vol. 33(2), pages 475-503.
    See citations under working paper version above.
  7. Weicheng Lian & Natalija Novta & Evgenia Pugacheva & Yannick Timmer & Petia Topalova, 2020. "The Price of Capital Goods: A Driver of Investment Under Threat," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(3), pages 509-549, September.
    See citations under working paper version above.
  8. Timmer, Yannick, 2018. "Cyclical investment behavior across financial institutions," Journal of Financial Economics, Elsevier, vol. 129(2), pages 268-286.
    See citations under working paper version above.
  9. Timmer, Yannick, 2018. "Emerging market corporate bond yields and monetary policy," Emerging Markets Review, Elsevier, vol. 36(C), pages 130-143.

    Cited by:

    1. Mariya Gubareva & Benjamin Keddad, 2022. "Emerging markets financial sector debt: A Markov‐switching study of interest rate sensitivity," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(4), pages 3851-3863, October.
    2. Agur, Itai & Chan, Melissa & Goswami, Mangal & Sharma, Sunil, 2019. "On international integration of emerging sovereign bond markets," Emerging Markets Review, Elsevier, vol. 38(C), pages 347-363.
    3. Rodnyansky, A. & Timmer, Y. & Yago, N., 2023. "Intervening against the Fed," Cambridge Working Papers in Economics 2357, Faculty of Economics, University of Cambridge.
    4. Abuelfadl, Moustafa & Yamani, Ehab, 2021. "Currency news and international bond markets," The North American Journal of Economics and Finance, Elsevier, vol. 58(C).

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