We develop a dynamic general equilibrium model with an imperfectly competitive bank-loans market and collateral …

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 …

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 …

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 …

the effect of the choice of the central bank objectives and the monetary policy strategy on the occurrence of banking … crises. We find that focusing the central bank objectives on price stability reduces the likelihood of a banking crisis. This … independence of the central bank and locating regulatory and supervisory responsibilities at the central bank seem to reduce the …

, has started a reform process based on three main pillars: (i) bank restructuring, through the cleaning-up of non … desired structure of the Chinese banking system. Bank recapitalization should be completed immediately, not only to ensure … bank soundness, but also to increase profitability, which could be affected negatively as competition increases with full …

rates during the life of the loan reduce this probability. Bank, borrower and market characteristics determine the impact of …