Replication package for "Tokenized Receivables and the Collateral Channel: Pledgeability and Monetary Transmission to SMEs"
Year: 2026
Type: software
Abstract: Code-only replication archive. Reconstructs the analytical sample, reproduces the empirical results and generates the figures for the manuscript. No source data are redistributed. SAFE microdata and the Jarocinski-Karadi monetary policy surprise series are publicly available from their original providers; BACH data are subject to third-party redistribution restrictions and must be obtained directly, for which documented retrieval and transformation code is provided. Synthetic fixtures are included so the pipeline can be executed end to end without the restricted data. The empirical results comprise an exposure-gradient test of bank-loan financing outcomes around ECB Governing Council announcements, a trade-credit contrast, and the associated falsification set: leave-one-announcement-out estimates, announcement-window variation, a wild cluster bootstrap-t at the announcement level, and joint policy and information shock specifications.
Author: Staley, Ian
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W7202208985