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We use data on UK banks’ minimum capital requirements to study the interaction of monetary policy and capital requirement regulation. UK banks were subject to both time-varying capital requirements and changes in interest rate policy. Tightening of either capital requirements or monetary...
Persistent link: https://www.econbiz.de/10010927827
We test whether quantitative easing (QE) provided a boost to bank lending in the United Kingdom, in addition to the … the Bank, we use two alternative approaches to identify the effects of variation in deposits on individual banks' balance … traditional bank lending channel (BLC) in the spirit of the model due to Kashyap and Stein. We show in a simple BLC framework that …
Persistent link: https://www.econbiz.de/10010932819
in bank lending since the onset of the crisis and between a third and a half of the fall in GDP relative to its historic …
Persistent link: https://www.econbiz.de/10010723558
We use data on UK banks’ minimum capital requirements to study the impact of changes to bank-specific capital … requirements on cross-border bank loan supply from 1999 Q1 to 2006 Q4. By examining a sample in which each recipient country has …
Persistent link: https://www.econbiz.de/10010764521
The most recent recession has been associated with a financial crisis that led to a large widening of spreads and quantitative restrictions on lending. As well as affecting investment, such a credit contraction is likely to have had a large effect on the working capital positions of UK firms and...
Persistent link: https://www.econbiz.de/10010704377
A number of OECD countries experienced an environment of low interest rates and a rapid increase in housing market activity during the last decade. Previous work suggests three potential explanations for these events: expansionary monetary policy, capital inflows due to a global savings glut and...
Persistent link: https://www.econbiz.de/10008862997
both interbank and non-bank lending in the United Kingdom. …
Persistent link: https://www.econbiz.de/10011185656
The regulation of bank capital to improve the resilience of the financial system and, related to this aim, as a means …, regulators have imposed time-varying, bank-specific minimum capital requirements since Basel I. Over the 1998-2007 period, UK …
Persistent link: https://www.econbiz.de/10011070874
This paper contains the first detailed empirical examination of the information content of the Bank of England Credit … Conditions Survey (CCS). The CCS asks a wide selection of questions of UK lenders relating to all aspects of bank credit …
Persistent link: https://www.econbiz.de/10011078583
Persistent link: https://www.econbiz.de/10000371001