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A stable relationship between monetary policy rates and bank lending and deposit rates faced by consumers and companies … rate set by the Swedish central bank, the Riksbank, have been transmitted to money market rates and, in turn, to retail …
Persistent link: https://www.econbiz.de/10009249777
policy interest rate cuts and unconventional policy measures to higher asset prices and lower cost of credit in and outside … the banking sector in most countries, with the exception of vulnerable euro area economies, monetary policy stimulus did … important headwinds. Third, the bank lending channel of monetary policy transmission appears to have been impaired, mainly due …
Persistent link: https://www.econbiz.de/10011276812
point per annum. Economic output is mainly affected by an increase in bank lending spreads as banks pass a rise in bank … Tier 1 capital ratio) could increase bank lending spreads by about 50 basis points. The estimated effects on GDP growth …’effet sur l’activité économique provient principalement de ce que les banques augmentent leurs marges de crédit afin de …
Persistent link: https://www.econbiz.de/10008838314
of the euro and unusually lax credit conditions in international markets. With credit becoming scarcer and dearer, the … a tighter regulation of lenders. Enhancing competition in the banking market would also impose discipline on lending … stabilité du taux de change, les anticipations d'adoption rapide de l'euro, et la détente inhabituelle des conditions de crédit …
Persistent link: https://www.econbiz.de/10008552864
A survey of the literature on asset price impacts on the real economy shows a much wider range of work on consumption and related wealth effects than on investment. The existence of wealth effects on consumption is little contested, but there remains an issue of whether different effects should...
Persistent link: https://www.econbiz.de/10008542500
This paper tests for the existence of a bank lending channel in the transmission of monetary policy in Brazil using … identify as bank loan demand and supply functions by testing for a number of exclusion and exogeneity restrictions on the … certificate rate, suggesting that monetary policy plays a role in restoring equilibrium in the credit market by affecting the …
Persistent link: https://www.econbiz.de/10005078944
of the credit crisis there has been a marked tightening in financial conditions, despite a substantial easing of policy … riskier borrowers and a survey measure of the tightness of bank lending standards, which have been the main drivers behind the … depuis le début de la crise du crédit, les conditions financières se sont fortement resserrées malgré la baisse substantielle …
Persistent link: https://www.econbiz.de/10005045627
lending and with high owner occupancy ratios. While the credit channel could be a powerful channel of monetary transmission … themselves subjected to the credit channel in the euro area.<P>Canaux de transmission de la politique monétaire dans les PECO …’avenir. Même si le canal du crédit devrait être un des canaux de transmission les plus puissants, sachant que le financement …
Persistent link: https://www.econbiz.de/10005045716
on the economy. In addition to changes in the exchange rate and short and long interest rates, the change in credit … des taux d’intérêt à court et long terme, l’évolution de la disponibilité du crédit, des primes de risques sur les …
Persistent link: https://www.econbiz.de/10005045871
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005