Browsing by Author "Poole Bonnier, Fredrika"

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    The Adverse Effects of Stricter Capital Regulation on the SME Bank Lending Channel
    (2018-07-04) Palm Ballesta, Rebecca; Poole Bonnier, Fredrika; University of Gothenburg/Graduate School; Göteborgs universitet/Graduate School
    The aim of this thesis is to investigate if stricter capital regulation creates negative shocks in the loan market and if these shocks adversely effect Small and Medium sized Enterprises (SME) access to external financing through the bank lending channel. This is tested through a Difference-in-Difference (DiD) model, where loan volume and interest rates of SMEs are compared to large firms in Europe from 2011 to 2016. The results indicate that there is a significant difference in both loan volume and price after 2014 when Basel III was implemented. Contrary to what was expected, the analysis show that SMEs seem better off after the implementation. The increase in lending and decrease in price towards SMEs relative to large firms indicating a healthier system. The mitigated effect of Basel III is assumed to be caused by factors such as the SME Supporting Factor.
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    The Apartment Market and the Rent Regulation
    (2016-06-27) Poole Bonnier, Fredrika; Voigt, Maria; University of Gothenburg/Department of Economics; Göteborgs universitet/Institutionen för nationalekonomi med statistik
    This study aims to investigate whether the rental regulation in Gothenburg fulfill its purpose, by comparing difference in terms of rent levels for three different types of contract. The first one is owner occupied cooperative apartment that require a membership in the cooperative. An owner occupied cooperative apartment can be sold at the housing market and the owner buys a share of the cooperative, and the right to use the apartment. The second contract type is rental apartment, which is a regulated market. The third is secondary rental apartment contracts which is regulated but also exists on the black market. The results from this study shows a significant difference in monthly cost for apartments depending on area and contract type in Gothenburg. The results indicate that the rent for apartments on the primary market is significantly lower than the other contracts, indicating that the regulated primary rent is below the equilibrium rent. This cause problem in form of a growing black market, discrimination and a trend to convert rental apartments into owner occupied cooperative apartments.