Similar Search Results

Monetary Transmission Through Bank Securities Portfolios

Greenwald, Daniel; Krainer, John; Paul, Pascal - National Bureau of Economic Research - 2024

We study the transmission of monetary policy through bank securities portfolios using granular supervisory data on U.S. bank securities, hedging positions, and corporate credit. Banks that experienced larger losses on their securities during the 2022-2023 monetary tightening cycle extended less...

Persistent link: https://www.econbiz.de/10014544727

The Deposit Business at Large vs. Small Banks

Avernas, Adrien d'; Eisfeldt, Andrea L.; Huang, Can; … - National Bureau of Economic Research - 2023

The deposit business differs at large versus small banks. We provide a parsimonious model and extensive empirical evidence supporting the idea that much of the variation in deposit-pricing behavior between large and small banks reflects differences in "preferences and technologies." Large banks...

Persistent link: https://www.econbiz.de/10014436996

La banca española en la Restauración

Anes Alvarez, Rafael (contributor); Schwartz, Pedro (ed.); … - 1974

Persistent link: https://www.econbiz.de/10000108187

Bank Branch Density and Bank Runs

Benmelech, Efraim; Yang, Jun; Zator, Michal - National Bureau of Economic Research - 2023

deposits, but those large deposits inflows took the form of "hot money" that changed its course when economic conditions …

Persistent link: https://www.econbiz.de/10014322849

Bank Market Power and Monetary Policy Transmission : Evidence from a Structural Estimation

Wang, Yifei - 2020

We quantify the impact of bank market power on monetary policy transmission through banks to borrowers. We estimate a dynamic banking model in which monetary policy affects imperfectly competitive banks' funding costs. Banks optimize the pass-through of these costs to borrowers and depositors,...

Persistent link: https://www.econbiz.de/10012481840

Why are Banks Exposed to Monetary Policy?

Tella, Sebastian Di - 2017

We propose a model of banks' exposure to movements in interest rates and their role in the transmission of monetary shocks. Since bank deposits provide liquidity, higher interest rates allow banks to earn larger spreads on deposits. Therefore, if risk aversion is higher than one, banks' optimal...

Persistent link: https://www.econbiz.de/10012453637

Money in a Theory of Banking

Diamond, Douglas W. - 2003

We explore the connection between money, banks, and aggregate credit. We start with a simple real' model without money … then introduce money in this model. We show that if demand deposits are repayable in money rather than in goods, banks can …, reducing the real value of the deposits banks have to pay out. But demand deposits payable in money can expose the banks to new …

Persistent link: https://www.econbiz.de/10012468624

The Deposits Channel of Monetary Policy

Drechsler, Itamar - 2016

We present a new channel for the transmission of monetary policy, the deposits channel. We show that when the Fed funds rate rises, banks widen the spreads they charge on deposits, and deposits flow out of the banking system. We present a model where this is due to market power in deposit...

Persistent link: https://www.econbiz.de/10012456523

Banks' Exposure to Interest Rate Risk and The Transmission of Monetary Policy

Landier, Augustin - 2013

We show empirically that banks' exposure to interest rate risk, or income gap, plays a crucial role in monetary policy transmission. In a first step, we show that banks typically retain a large exposure to interest rates that can be predicted with income gap. Secondly, we show that income gap...

Persistent link: https://www.econbiz.de/10012459804