Blar i Norges Banks vitenarkiv på forfatter "Liaudinskas, Karolis"
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Estimating firms’ bank-switching costs
Liaudinskas, Karolis; Grigaitė, Kristina (Working Paper;4/2021, Working paper, 2021)We explore Lithuanian credit register data and two bank closures to provide a novel estimate of firms’ bank-switching costs and a novel identification of the hold-up problem. We show that when a distressed bank’s closure ... -
Human vs. Machine: Disposition Effect among Algorithmic and Human Day Traders
Liaudinskas, Karolis (Working paper;6/2022, Working paper, 2022)This paper studies whether and why algorithmic traders exhibit one of the most broadlydocumented behavioral puzzles – the disposition effect. We use trade data from the NASDAQ Copenhagen Stock Exchange merged with the ... -
Monetary policy spillover to small open economies: Is the transmission different under low interest rates?
Cao, Jin; Dinger, Valeriya; Gómez, Tomás; Gric, Zuzana; Hodula, Martin; Jara, Alejandro; Juelsrud, Ragnar; Liaudinskas, Karolis; Malovaná, Simona; Terajima, Yaz (Working Paper;12/2021, Working paper, 2021)We explore the impact of low and negative monetary policy rates in core world economies on bank lending in four small open economies – Canada, Chile, the Czech Republic and Norway – using confidential bank-level data. Our ... -
Trade conflicts and credit supply spillovers : Evidence from the Nobel Peace Prize trade shock
Cao, Jin; Dinger, Valeriya; Juelsrud, Ragnar E.; Liaudinskas, Karolis (Working paper;6/2023, Working paper, 2023)In this paper, we examine how a trade conflict’s impact on the real economy can be amplified by financial intermediaries. After China’s implicit ban on the imports of Norwegian salmon in response to the decision on 2010 ...