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analyse the differential responses, to monetary policy changes, of bank lending by banks with different size, liquidity and … results are mostly against the existence of a bank-lending channel in the period under analysis. This result appears to be …
Persistent link: https://www.econbiz.de/10008520560
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/10008520568
This paper investigates the size distribution of the whole population of Spanish commercial, savings and cooperative banks from a dynamic perspective over the 1970 2006 period. To investigate the evolution of the size distribution, we determine whether the data satisfies the Law of Proportionate...
Persistent link: https://www.econbiz.de/10005155206
can be reasonably well characterised with the lagged LHS variable, and the contemporaneous and the lagged values of credit …
Persistent link: https://www.econbiz.de/10010678682
This paper contains estimates of physical and intangible (information technology, advertising and training) capital stock, together with capital, labor and externally provided input services, of Spanish commercial and saving banks in the period 1983 to 2003. Capital stocks are valued at...
Persistent link: https://www.econbiz.de/10005022267
Spanish banks had to set aside a countercyclical loan loss provision during the period 2000 2004. The amount of such provision as well as the allowance accumulated had to be disclosed by banks. The former creates a natural experiment to test whether banks smooth earnings to mislead investors and...
Persistent link: https://www.econbiz.de/10009293111
credit institutions operate. …
Persistent link: https://www.econbiz.de/10005155225
current and anticipated changes in banks’ capital on firm lending. We isolate the role of credit supply factors using the … variation in capital growth associated to the bank-specific historical exposure to real estate development –measured 10 years …. The relatively small magnitude of credit supply factors may be explained by the weakness of loan demand in a context of a …
Persistent link: https://www.econbiz.de/10009421744
Mercantile Registry and the Bank of Spain Credit Registry (CIR) to classify firms according to their number of banking relations … find that unbanked firms have a financial structure which is close to credit subject to moral hazard with unobserved effort … importance of such groups in a European country. We control for reverse causality by treating bank relationships as endogenous …
Persistent link: https://www.econbiz.de/10008540441
This paper focuses on market discipline as a necessary condition to preserve the signaling content of balance sheet indicators and market prices as macroprudential tools. It argues that market discipline enhances the information content of market prices by reflecting the expected private cost of...
Persistent link: https://www.econbiz.de/10010693318