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The SSM at 1
Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011557140
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The augmented bank balance-sheet channel of monetary policy
Bittner, Christian; Bonfim, Diana; Heider, Florian; … - 2022
Central Bank's policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks' funding costs differs across the euro … provide a simple model of an augmented bank balance-sheet channel where in addition to costly external financing, there is …
Persistent link: https://www.econbiz.de/10013163037
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The augmented bank balance-sheet channel of monetary policy
Bittner, Christian; Bonfim, Diana; Heider, Florian; … - 2022
Central Bank's policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks' funding costs differs across the euro … provide a simple model of an augmented bank balance-sheet channel where in addition to costly external financing, there is …
Persistent link: https://www.econbiz.de/10013448680
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The Impacts of Monetary Policy on Banks’ Loan Portfolio Risk-Taking
Adão, Luiz F.S; Silveira, Douglas; Ely, Regis Augusto; … - 2021
their lending to real sector firms.Our agent-based model considers five types of agents: banks, depositors, the Central Bank … fundamental role in banks' liquidity management; (3) banks avoid borrowing resources from the Central Bank; (4) when the monetary … insights regarding the relationship between monetary policy stances and bank risk-taking, opening an avenue to investigate the …
Persistent link: https://www.econbiz.de/10013216408
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The Impacts of Monetary Policy on Banks' Loan Portfolio Risk-taking
Adão, Luiz F.S; Silveira, Douglas; Ely, Regis Augusto; … - 2021
Bank, firms, and the clearinghouse. While banks and depositors are bounded-rational agents with adaptive strategies, the … fundamental role in banks' liquidity management; (3) banks avoid borrowing resources from the Central Bank; (4) when the monetary … insights regarding the relationship between monetary policy stances and bank risk-taking, opening an avenue to investigate the …
Persistent link: https://www.econbiz.de/10013216653
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Bank Leverage and Monetary Policy's Risk-Taking Channel : Evidence from the United States
Dell'Ariccia, Giovanni - 2016
We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data on banks' internal ratings on loans to businesses over the period 1997 to 2011 from the Federal Reserve's survey of terms of business lending. We find that ex-ante risk taking by...
Persistent link: https://www.econbiz.de/10012992419
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Bank risk-taking and monetary policy transmission : evidence from China
Li, Xiaoming; Liu, Zheng; Peng, Yuchao; Xu, Zhiwei - 2021
We study the impact of China's 2013 implementation of Basel III on bank risk-taking and its responses to monetary … policy shocks using confidential loan-level data from a large Chinese bank. Guided by theory, we use a difference …-in-difference identification, exploiting cross-sectional differences in lending behaviors between highrisk and low-risk bank branches before and …
Persistent link: https://www.econbiz.de/10012665291
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Nonbanks, banks, and monetary policy : U.S. loan-level evidence since the 1990s
Elliott, David; Meisenzahl, Ralf R.; Peydró, José-Luis; … - 2022
We show that nonbanks (funds, shadow banks, fintech) affect the transmission of monetary policy to output, prices and the distribution of risk via credit supply. For identification, we exploit exhaustive US loan-level data since the 1990s, borrowerlender relationships and Gertler-Karadi monetary...
Persistent link: https://www.econbiz.de/10013259697
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Does monetary policy influence banks' perception of risks?
Malovana, Simona; Kolcunova, Dominika; Broz, Vaclav - 2018
This paper studies the extent to which monetary policy may affect banks' perception of credit risk and the way banks measure risk under the internal ratings-based approach. Specifically, we analyze the effect of different monetary policy indicators on banks' risk weights for credit risk. We...
Persistent link: https://www.econbiz.de/10011786136
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The Risk Channel of Monetary Policy
de Groot, Oliver - 2014
policy shocks are prevalent. A monetary policy reaction function that responds to movements in bank leverage or to movements …
Persistent link: https://www.econbiz.de/10013054300