Blar i NTNU Open på forfatter "Ongena, Steven Roger G."
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The asset reallocation channel of quantitative easing. The case of the UK
Giansante, Simone; Fatouh, Mahmoud; Ongena, Steven Roger G. (Peer reviewed; Journal article, 2022)We investigate the impact of the Bank of England's asset purchase program (APP) on the composition of assets of UK banks with unique data on the received reserves injections. The Monetary Policy Committee (MPC) didn’t ... -
Bank capital buffer releases, public guarantee programs, and dividend bans in COVID-19 Europe: an appraisal
Matyunina, Alexandra; Ongena, Steven Roger G. (Peer reviewed; Journal article, 2022)We analyse the recent policy decisions made by the European Central Bank and the national authorities related to capital and shareholders’ remuneration aimed at promoting banking credit supply in COVID-19-afflicted economies. ... -
CEO incentives and bank risk over the business cycle
Ongena, Steven Roger G.; Savaser, Tanseli; Ciamarra, Elif Sisli (Peer reviewed; Journal article, 2022)We examine whether the relationship between managerial risk-taking incentives and bank risk is sensitive to the underlying macroeconomic conditions. We find that risk-taking incentives provided to bank executives are ... -
The countercyclical capital buffer and the composition of bank lending
Auer, Raphael; Matyunina, Alexandra; Ongena, Steven Roger G. (Peer reviewed; Journal article, 2022)Do targeted macroprudential measures impact non-targeted sectors too? We investigate the compositional changes in the supply of credit by Swiss banks, exploiting their differential exposure to the activation in 2013 of the ... -
ESG and systemic risk
Aevoae, George Marian; Andrieș, Alin Marius; Ongena, Steven Roger G.; Sprincean, Nicu (Peer reviewed; Journal article, 2022)How do changes in Environmental, Social and Governance (ESG) scores influence banks’ systemic risk contribution? Using a dynamic panel model, we document a beneficial impact of the ESG Combined Score and Governance pillar ... -
Flooded Through the Back Door: The Role of Bank Capital in Local Shock Spillovers
Rehbein, Oliver; Ongena, Steven Roger G. (Peer reviewed; Journal article, 2022)This article demonstrates that low bank capital carries a negative externality because it amplifies local shock spillovers. We exploit a natural disaster that is transmitted to firms in nondisaster areas via their banks. ... -
Inter-industry FDI spillovers from foreign banks: Evidence in transition economies
Qi, Shusen; Hui, Kent Ngan-Cheung; Ongena, Steven Roger G. (Peer reviewed; Journal article, 2022)Using a sample of nonfinancial domestic firms in transition economies from Eastern Europe and Central Asia, we examine whether and how inter-industry spillover from foreign direct investment in the banking sector occurs. ... -
On-Site Inspecting Zombie Lending
Bonfim, Diana; Cerqueiro, Geraldo; Degryse, Hans; Ongena, Steven Roger G. (Peer reviewed; Journal article, 2022)“Zombie lending” remains a widespread practice by banks around the world. In this paper, we exploit a series of large-scale on-site inspections made on the credit portfolios of several Portuguese banks to investigate how ... -
The response of household debt to COVID-19 using a neural networks VAR in OECD
Mamatzakis, Emmanuel C.; Ongena, Steven Roger G.; Tsionas, Mike G. (Peer reviewed; Journal article, 2022)This paper investigates responses of household debt to COVID-19-related data like confirmed cases and confirmed deaths within a neural networks panel VAR for OECD countries. Our model also includes a plethora of ... -
Taxing banks leverage and syndicated lending: A cross-country comparison
Burietz, Aurore; Ongena, Steven Roger G.; Picault, Matthieu (Peer reviewed; Journal article, 2022)Between 2010 and 2012 and with bank stability as the ultimate target, five European countries implemented a tax levy on banks’ liabilities thereby decreasing the cost of equity relative to the cost of debt. Using a ...