Climate policies often increase electricity prices by more than they increase prices of fossil fuels. Using administrative data on German manufacturing plants from 2009 to 2017, we provide evidence that these…
We study how terminated correspondent banking relationships affect international trade. Drawing on firm-level export data from emerging Europe, we show that when local banks lose access to correspondent…
Using a unique matched bank-employer-employee administrative dataset for Italy, we construct an exogenous firm-level measure of exposure to the credit shock during the Global Financial Crisis, based on…
The recently established link between the Mannheim Enterprise Panel (MUP), developed by the ZEW – Leibniz Centre for European Economic Research, and the administrative establishment information from the Institute…