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Financial Integration and Business Cycle Synchronization

Kalemli-Ozcan, Sebnem; Papaioannou, Elias; Peydró, … - C.E.P.R. Discussion Papers - 2009

Standard theory predicts that financial integration leads to a lower degree of business cycle synchronization. Surprisingly, cross-country studies find the opposite. Our contribution is to document the theoretically predicted negative effect of financial integration on business cycle...

Persistent link: https://www.econbiz.de/10005041098

Credit Supply: Identifying Balance-Sheet Channels with Loan Applications and Granted Loans

Jiménez, Gabriel; Ongena, Steven; Peydró, José Luis; … - C.E.P.R. Discussion Papers - 2010

by turning to other banks. Importantly the bank-lending channel is notably stronger when we account for unobserved time …

Persistent link: https://www.econbiz.de/10008530365

Securities Trading by Banks and Credit Supply: Micro-Evidence

Abbassi, Puriya; Iyer, Rajkamal; Peydró, José Luis; … - C.E.P.R. Discussion Papers - 2015

the security level for each bank in each period, we find that during the crisis, banks with higher trading expertise …

Persistent link: https://www.econbiz.de/10011196029

Cross-Border Liquidity, Relationships and Monetary Policy: Evidence from the Euro Area Interbank Crisis

Abbassi, Puriya; Bräuning, Falk; Fecht, Falko; … - C.E.P.R. Discussion Papers - 2015

the proprietary bank-to-bank European interbank dataset extracted from Target2 and also exploit the Lehman and sovereign …

Persistent link: https://www.econbiz.de/10011196038

Hazardous Times for Monetary Policy: What Do Twenty-Three Million Bank Loans Say About the Effects of Monetary Policy on Credit Risk?

Jiménez, Gabriel; Ongena, Steven; Peydró, José Luis; … - C.E.P.R. Discussion Papers - 2007

We investigate the impact of the stance and path of monetary policy on the level of credit risk of individual bank … loans and on lending standards. We employ the Credit Register of the Bank of Spain that contains detailed monthly … – generating almost twenty-three million bank loan records in total. Spanish monetary conditions were exogenously determined during …

Persistent link: https://www.econbiz.de/10005661943