Environmental Science
a year ago

War in Ukraine Damages Collateral, Threatening Economic Growth and Investment.

Damaged Collateral and Firm-Level Finance: Evidence from Russia's War in Ukraine
Solomiya Shpak, John S. Earle, Scott Gehlbach, Mariia Panga

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The researchers studied how the war in Ukraine damaged collateral of Ukrainian firms and affected the financial system. They used data from Ukrainian banks and a survey to see how collateral value changes impacted new loans and default rates. They found that a 10% reduction in collateral value led to fewer new loans and higher default rates. This could result in less investment and slower economic growth for Ukraine in the future.