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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

Shocks to Bank Lending, Risk-Taking, Securitization, and their Role for U.S. Business Cycle Fluctuations

Peersman, Gert; Wagner, Wolf - C.E.P.R. Discussion Papers - 2015

Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and monetary … type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank … using a model of bank risk-taking and securitization. …

Persistent link: https://www.econbiz.de/10011262887

Credit, Financial Stability, and the Macroeconomy

Taylor, Alan M. - C.E.P.R. Discussion Papers - 2015

Since the 2008 global financial crisis, and after decades of relative neglect, the importance of the financial system and its episodic crises as drivers of macroeconomic outcomes has attracted fresh scrutiny from academics, policy makers, and practitioners. Theoretical advances are following a...

Persistent link: https://www.econbiz.de/10011213304

The Great Mortgaging: Housing Finance, Crises, and Business Cycles

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - C.E.P.R. Discussion Papers - 2014

This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for …

Persistent link: https://www.econbiz.de/10011083232

Betting the House

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - C.E.P.R. Discussion Papers - 2014

Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of modern economic history in the advanced economies. We...

Persistent link: https://www.econbiz.de/10011145419

The Multi-Regime Bank Lending Channel and the Effectiveness of the Polish Monetary Policy Transmission During Transition

Kierzenkowski, Rafal - C.E.P.R. Discussion Papers - 2002

This Paper examines the consequences of interactions between the bank lending channel and the traditional interest rate … system with sterilized intervention and a pure floating rate system, we establish that the bank lending channel can generate … spread between the loan rate and the central bank's intervention rate are found to be a good indicator of amplification and …

Persistent link: https://www.econbiz.de/10005666443

Money and Liquidity in Financial Markets

Nyborg, Kjell G; Östberg, Per - C.E.P.R. Discussion Papers - 2010

We argue that there is a connection between the interbank market for liquidity and the broader financial markets, which has its basis in demand for liquidity by banks. Tightness in the interbank market for liquidity leads banks to engage in what we term "liquidity pull-back," which involves...

Persistent link: https://www.econbiz.de/10008550326

A DSGE model of banks and financial intermediation with default risk

Wickens, Michael R. - C.E.P.R. Discussion Papers - 2011

This paper takes the view that a major contributing factor to the financial crisis of 2008 was a failure to correctly assess and price the risk of default. In order to analyse default risk in the macroeconomy, a simple general equilibrium model with banks and financial intermediation is...

Persistent link: https://www.econbiz.de/10009293986

Sovereign Default Risk and Banks in a Monetary Union

Uhlig, Harald - C.E.P.R. Discussion Papers - 2013

This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank … guarantees in a monetary union. I assume that banks can use sovereign bonds for repurchase agreements with a common central bank … cheaply, effectively shifting the risk of some of the potential sovereign default losses on the common central bank. …

Persistent link: https://www.econbiz.de/10011083498

On the Role of Banks in Enterprise Restructuring: The Polish Example

van Wijnbergen, Sweder - C.E.P.R. Discussion Papers - 1994

take the lead in initiating restructuring and the design of a new, viable capital structure. Such a lead bank is much more …

Persistent link: https://www.econbiz.de/10005498183