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strategy banks adopt in response to the reform, and that banks tend to prefer some strategies over others. Specifically, an … less likely to be preferred by banks. We also find that the undesired macroeconomic effects of the reform during the …
Persistent link: https://www.econbiz.de/10011099693
Italian individual bank data from 2000 to 2006. Our results show that bank loan securitization is a composite decision. Banks …
Persistent link: https://www.econbiz.de/10008480534
We analyze the main forces affecting financial system pro-cyclicality (the fact that developments in the financial sector can amplify business cycle fluctuations). We first review some major structural developments in financial markets that may influence pro-cyclicality and that have been...
Persistent link: https://www.econbiz.de/10005029282
We use a dynamic general equilibrium model featuring a banking sector to assess the interaction between macroprudential policy and monetary policy. We find that in "normal" times (when the economic cycle is driven by supply shocks) macroprudential policy generates only modest benefits for...
Persistent link: https://www.econbiz.de/10008917793
We review the recent literature on macroprudential policy and its interaction with other policies, extracting several points. First, there are externalities in the financial sector, often in the form of excessive credit growth. Second, monetary policy needs to take financial stability into...
Persistent link: https://www.econbiz.de/10011100375
of data on banks’ balance sheets, central banks and money market funds; on interest rates on deposits and loans; on non …
Persistent link: https://www.econbiz.de/10011277926
enterprises, as captured by the assessment of credit standards provided by the banks participating in the Eurosystem Bank Lending … Survey (BLS banks). For Italy, we combine the information provided by the relatively small panel of large banking groups … participating in the Eurosystem survey with the replies obtained from the non-overlapping and wider group of banks participating in …
Persistent link: https://www.econbiz.de/10011265439
This paper tests the role of different banks� liquidity funding structures in explaining the bank failures that occurred in the United States between 2007 and 2009. The results highlight that funding is indeed a significant factor in explaining banks� probability of default. By...
Persistent link: https://www.econbiz.de/10009350682
Brothers demise to help banks retain access to wholesale funding. We describe the evolution and the pattern of bond issuance … new market, namely the significant �tiering� of the spreads paid by banks at issuance, finding that they mainly …
Persistent link: https://www.econbiz.de/10008626021
steeper than the one approved by the Basel Committee. Finally the difference between the spread/rating relation of banks and …
Persistent link: https://www.econbiz.de/10005113515