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The effect of bank-held derivatives on credit accessibility
Elijah Brewer, III; Minton, Bernadette A.; Moser, James T. - Federal Reserve Bank of Chicago - 1994
Persistent link: https://www.econbiz.de/10005414695
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The Determinants of Banks' Liquidity Buffers in Central America
Delechat, Corinne; Arbelaez, Camila Henao; Muthoora, … - International Monetary Fund (IMF) - 2012
Banks’ liquidity holdings are comfortably above legal or prudential requirements in most Central American countries. While good for financial stability, high systemic liquidity may nonetheless hinder monetary policy transmission and financial markets development. Using a panel of about...
Persistent link: https://www.econbiz.de/10011142020
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Borrower Protection and the Supply of Credit: Evidence from Foreclosure Laws
Dagher, Jihad; Sun, Yangfan - International Monetary Fund (IMF) - 2014
the GSEs. We find that judicial requirements reduce the supply of credit only for jumbo loans that are ineligible for GSE … nonbinary measures of judicial requirements, illustrate the consequences of foreclosure laws on the supply of mortgage credit …
Persistent link: https://www.econbiz.de/10011142095
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The Great Cross-Border Bank Deleveraging: Supply Constraints and Intra-Group Frictions
Cerutti, Eugenio; Claessens, Stijn - International Monetary Fund (IMF) - 2014
-borrower countrydata and controlling for credit demand, we show that reductions largely varied in line with markets’ prior assessments of …
Persistent link: https://www.econbiz.de/10011142104
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Explaining ASEAN-3’s Investment Puzzle A Tale of Two Sectors
Zhou, Yong Sarah - International Monetary Fund (IMF) - 2013
The prolonged investment decline in post-Asian crisis emerging Asia, in contrast to the swift recovery of economic growth, has remained a puzzle. This paper shows that the post-crisis investment recession has been mainly concentrated in the nontradable sector, and hypothesizes that the slowdown...
Persistent link: https://www.econbiz.de/10011142140
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Procyclicality and the Search for Early Warning Indicators
Shin, Hyun Song - International Monetary Fund (IMF) - 2013
market prices, those based on normalized measures of total credit and those based on liabilities of financial intermediaries … credit and liabilities convey similar information and perform better as early warning indicators, but liabilities are more …
Persistent link: https://www.econbiz.de/10011142177
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SMEs’ Access to Finance in the Euro Area: What Helps or Hampers?
Öztürk, Bahar; Mrkaic, Mico - International Monetary Fund (IMF) - 2014
The monetary transmission mechanism in the euro area has been adversely affected by the recent crises. Using survey data on thousands of euro area firms, we study factors that affect the access to finance of SMEs. We find that changes in bank funding costs and borrower leverage matter for...
Persistent link: https://www.econbiz.de/10011142188
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Credit Supply and the Housing Boom
Justiniano, Alejandro; Primiceri, Giorgio E.; … - Federal Reserve Bank of Chicago - 2014
The housing boom that preceded the Great Recession was due to an increase in credit supply driven by looser lending …
Persistent link: https://www.econbiz.de/10011099908
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Does Supply or Demand Drive the Credit Cycle? Evidence from Central, Eastern, and Southeastern Europe
Everaert, Greetje; Che, Natasha Xingyuan; Geng, Nan; … - International Monetary Fund (IMF) - 2015
Countries in Central, Eastern, and Southeastern Europe (CESEE) experienced a credit boom-bust cycle in the last decade …. This paper analyzes the roles of demand and supply factors in explaining this credit cycle. Our analysis first focuses on a … large sample of bank-level data on credit growth for the entire CESEE region. We complement this analysis by five case …
Persistent link: https://www.econbiz.de/10011163123
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The Effects of U.S. Unconventional Monetary Policy on Asia Frontier Developing Economies
Rafiq, Sohrab - International Monetary Fund (IMF) - 2015
This paper explores the effect of U.S. unconventional monetary policy (QE2) on a group of frontier developing economies (FDEs) in Asia. This paper finds that spillovers emanating from the U.S. on FDEs in Asia have been small. The relative insulation of emerging Asia from the global financial...
Persistent link: https://www.econbiz.de/10011163125