TY - JOUR AU - Baranyai, Eszter AU - Banai, Ádám TI - Heat projections and mortgage characteristics. evidence from the USA TS - evidence from the USA JF - CLIMATIC CHANGE J2 - CLIMATIC CHANGE VL - 175 PY - 2022 SN - 0165-0009 DO - 10.1007/s10584-022-03465-1 UR - https://m2.mtmt.hu/api/publication/33393137 ID - 33393137 AB - Climate change is increasingly acknowledged as a fundamental risk to the stability of the financial system. The linkage between residential mortgage lending and local heatwave projections has hitherto received little attention in the climate finance discourse despite recognition of the detrimental effects of extreme heat on economic output measures. Through economic, demographic and other channels, future climate conditions can affect the housing market and, thus, the residential mortgage market. Moreover, the potential for contagion is high considering US residential mortgages’ key role in financial cycles and cross-border effects. First, our paper furthers conceptual and empirical understandings of the nexus between future extreme heat and lenders’ credit risk. Second, for the contiguous US states, we show that interest rates are higher and loan terms are shorter in areas forecast to experience a larger increase in the number of hot days over the coming decades after controlling for a range of factors. Rate spreads are higher still in areas where the number of hot days is projected to be extreme. It is lending from non-banks, rather than banks, that appears sensitive to the changing climate. LA - English DB - MTMT ER - TY - CHAP AU - Banai, Ádám AU - Horváth, Marcell ED - Horváth, Levente TI - Developments in China-CEEC Financial Cooperation in Light of the Magyar Nemzeti Bank’s Renminbi Program T2 - Results and challenges PB - Neumann János Egyetem, Eurázsia Központ CY - Budapest SN - 9786156435057 PY - 2022 SP - 204 EP - 223 PG - 20 UR - https://m2.mtmt.hu/api/publication/32899676 ID - 32899676 LA - English DB - MTMT ER - TY - JOUR AU - Baranyai, Eszter AU - Banai, Ádám TI - Feeling the Heat: Mortgage Lending and Central Bank Options JF - FINANCIAL AND ECONOMIC REVIEW J2 - FINANC ECON REV VL - 21 PY - 2022 IS - 1 SP - 5 EP - 31 PG - 27 SN - 2415-9271 DO - 10.33893/FER.21.1.5 UR - https://m2.mtmt.hu/api/publication/32780015 ID - 32780015 LA - English DB - MTMT ER - TY - JOUR AU - Baranyai, Eszter AU - Banai, Ádám TI - Forrósodó jelzáloghitelezés és jegybanki lehetőségek JF - HITELINTÉZETI SZEMLE J2 - HITELINT SZLE VL - 21 PY - 2022 IS - 1 SP - 5 EP - 31 PG - 27 SN - 1588-6883 DO - 10.25201/HSZ.21.1.5 UR - https://m2.mtmt.hu/api/publication/32774125 ID - 32774125 LA - Hungarian DB - MTMT ER - TY - JOUR AU - Banai, Ádám AU - Berlinger, Edina AU - Dömötör, Barbara Mária TI - Adjustable-rate mortgages in the era of global reflation. How to model additional default risk? TS - How to model additional default risk? JF - PLOS ONE J2 - PLOS ONE VL - 17 PY - 2022 IS - 3 PG - 16 SN - 1932-6203 DO - 10.1371/journal.pone.0263599 UR - https://m2.mtmt.hu/api/publication/32753566 ID - 32753566 N1 - NKFIH, K-138826, TKP2021-NVA LA - English DB - MTMT ER - TY - GEN AU - Tirupam, Goel AU - Lang, Péter AU - Balogh, Eszter AU - Banai, Ádám AU - Stancsics, Martin AU - Takáts, Előd AU - Telegdy, Álmos TI - Credit Constrained Firms and Government Subsidies: Evidence from a European Union Program CY - ISSN 1020-0959 (print); ISSN 1682-7678 (online) PY - 2021 PG - 40 UR - https://m2.mtmt.hu/api/publication/32653011 ID - 32653011 AB - We assess the effects of non-repayable subsidies on financially constrained and unconstrained Hungarian SMEs. Using bank queries to the credit registry to identify firms that applied for but did not receive a loan, we show that subsidies generate a sizeable incremental impact on asset growth of constrained firms relative to unconstrained businesses. This effect, however, is transitory and does not translate into higher sales, profitability, or productivity. Financing, therefore, may not be the primary hurdle for these SMEs, and credit constraints may reflect other shortcomings, such as lack of good management or viable projects. LA - English DB - MTMT ER - TY - JOUR AU - El-Meouch, Nedim Márton AU - Alpek, Balázs Levente AU - Banai, Ádám TI - A 2008-2020 közötti magyarországi bankfiók bezárási trend következményeinek országos és lokális szintű elemzése JF - TERÜLETFEJLESZTÉS ÉS INNOVÁCIÓ J2 - TERÜLETFEJLESZTÉS ÉS INNOVÁCIÓ VL - 14 PY - 2021 IS - 1-2 SP - 3 EP - 16 PG - 14 SN - 1789-0578 UR - https://m2.mtmt.hu/api/publication/32616138 ID - 32616138 LA - Hungarian DB - MTMT ER - TY - JOUR AU - El-Meouch, Nedim Márton AU - Alpek, Balázs Levente AU - Banai, Ádám TI - A magyar bankok 2008 és 2020 közötti bezárásainak pénzügyföldrajzi következményei JF - TELEPÜLÉSFÖLDRAJZI TANULMÁNYOK J2 - TELEPÜLÉSFÖLDRAJZI TANULMÁNYOK VL - 10 PY - 2021 IS - 1-2 SP - 27 EP - 53 PG - 27 SN - 2063-4315 UR - https://m2.mtmt.hu/api/publication/32612723 ID - 32612723 LA - Hungarian DB - MTMT ER - TY - CHAP AU - Banai, Ádám TI - Rising House Prices in Hungary: Causes and consequences T2 - Preventing Financial Risks: Chinese and European Perspective PB - China-CEE Institute CY - Budapest SN - 9786156124319 PY - 2021 SP - 79 UR - https://m2.mtmt.hu/api/publication/32490488 ID - 32490488 LA - English DB - MTMT ER - TY - JOUR AU - Banai, Ádám AU - Kolozsi, Pál Péter AU - Ladányi, Sándor TI - The Role of Gold in the Digital Age JF - FINANCIAL AND ECONOMIC REVIEW J2 - FINANC ECON REV VL - 20 PY - 2021 IS - 3 SP - 138 EP - 146 PG - 9 SN - 2415-9271 UR - https://m2.mtmt.hu/api/publication/32299542 ID - 32299542 LA - English DB - MTMT ER -