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Is There a Bank Lending Channel of Monetary Policy in Spain?
Hernando, Ignacio; Pagés, Jorge Martínez - Banco de España - 2001
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
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Financial Systems and the Role of Banks in Monetary Policy Transmission in the Euro Area
Ehrmann, Michael; Gambacorta, Leonardo; … - Banco de España - 2001
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
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Liquidity, term spreads and monetary policy
Aksoy, Yunus; Basso, Henrique S. - Banco de España - 2012
use the model to look at monetary policy and show that allowing banks to sell long-term assets to the central bank after a …
Persistent link: https://www.econbiz.de/10010678674
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Credit Institutions' Price Policies and Type of Customer: Impact on the Money Transmission Mechanism.
Frías, M. Cruz Manzano; Belmonte, Sofía Galmés - Banco de España - 1996
This paper forms part of the research on the transmission of monetary policy via the interest rates of Spanish banks and savings banks, analysed from a disaggregated perspective. In this respect, it considers structural factors that cannot be taken into account in more aggregated studies, as for...
Persistent link: https://www.econbiz.de/10005155225
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Size, growth and bank dynamics
Benito, Enrique - Banco de España - 2008
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
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Determinants of default ratios in the segment of loans to households in Spain
Blanco, Roberto; Gimeno, Ricardo - Banco de España - 2012
In this paper we present the estimation results of a dynamic panel data model that explains the dynamic behaviour of default ratios in Spain for loans extended to the household sector. We estimate the models for two alternative definitions of default and for two different loan categories. The...
Persistent link: https://www.econbiz.de/10010678682
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The effect of foreclosure regulation: Evidence for the US mortgage market at state level
Vicente, Fernando López - Banco de España - 2013
Do laws to protect borrowers curb foreclosures? This question is addressed by analysing the impact of foreclosure laws on default rates at state level in the US mortgage market. Using panel data techniques, we find a statistically significant effect of regulation on the different stages of the...
Persistent link: https://www.econbiz.de/10010862277
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Banking competition, housing prices and macroeconomic stability
Andrés, Javier; Arce, Óscar J. - Banco de España - 2009
We develop a dynamic general equilibrium model with an imperfectly competitive bank-loans market and collateral …
Persistent link: https://www.econbiz.de/10005155229
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Determinantes de la morosidad bancaria en una economía dolarizada. El caso uruguayo.
Vallcorba, Martín; Delgado, Javier - Banco de España - 2007
This paper examines the determinants of the non-performing loans ratio of Uruguayan banks and studies the existence of cointegration relationships between this ratio and a set of macroeconomic variables. Authors find evidence of the existence of a relationship between non-performing loans ratio,...
Persistent link: https://www.econbiz.de/10005155268
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Local versus aggregate lending channels: the effects of securitization on corporate credit supply
Jiménez, Gabriel; Mian, Atif; Peydró, José-Luis; … - Banco de España - 2011
While banks may change their credit supply due to bank balance-sheet shocks (the local lending channel), firms can … dynamics nullify the strong local (bank-level) lending channel of securitization on credit quantity for firms with multiple … expansion on the extensive margin towards first-time bank clients, which are more likely to default. Finally, the 2008 …
Persistent link: https://www.econbiz.de/10009319591