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monetary policy does alter bank loan supply, with the effects most dependent on the liquidity of individual banks. Unlike in … the US, the size of a bank does generally not explain its lending reaction. We also show that the standard publicly …
Persistent link: https://www.econbiz.de/10005113613
GDP shocks owing to a different degree of bank capitalization. The effects on lending of shocks to bank capital that are … effects of the "bank lending channel" from those of the "bank capital channel" in the case of a monetary shock; it also … provides an explanation for asymmetric effects of GDP shocks on lending based on the link between bank capital and risk …
Persistent link: https://www.econbiz.de/10005467288
We find evidence of a bank lending channel for the euro area operating via bank risk. Financial innovation and the new … ways to transfer credit risk have tended to diminish the informational content of standard bank balance-sheet indicators …. We show that bank risk conditions, as perceived by financial market investors, need to be considered, together with the …
Persistent link: https://www.econbiz.de/10004962187
In this paper we present new estimates of the effect of households� financial and real wealth on consumption. The analysis makes reference to eleven OECD countries and takes into account quarterly data from 1997 to 2008. Unlike most of the previous literature on European countries, we...
Persistent link: https://www.econbiz.de/10009386397
In this paper I estimate the impact of changes in real and financial wealth � proxied by house and stock market prices � on private consumption for a panel of sixteen emerging economies in Asia and Central and Eastern Europe. Using recent econometric techniques for heterogeneous...
Persistent link: https://www.econbiz.de/10009645796
In this paper, I investigate the characteristics of house price dynamics for a sample of 16 emerging economies from Asia and Central and Eastern Europe, over the period 1995-2011. Linking housing valuations to a set of conventional fundamental determinants � relative to both the supply and...
Persistent link: https://www.econbiz.de/10011099657
", held at the Bank of Italy in Rome on 15 February 2013. In recent years the Economic Research and International Relations … Area of the Bank of Italy has conducted several analyses on the impact of the sovereign debt crisis on the financial system …
Persistent link: https://www.econbiz.de/10011277929
The volume collects the essays presented at the 15th Workshop on Public Finance organised by Banca d'Italia in Perugia from 4 to 6 April 2013. The workshop focused on the link between fiscal policy and macroeconomic imbalances and comprised four sessions. The first session concentrated on the...
Persistent link: https://www.econbiz.de/10011277938
loan supply from loan demand shift in the bank lending channel literature. The results, derived from a sample of Italian …-through on the interest rate on current accounts depends mainly on banks� liability structure. Bank size is never relevant. …
Persistent link: https://www.econbiz.de/10005111546