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Bank procyclicality, credit crunches, and asymmetric monetary policy effects : a unifying model
Bliss, Robert R. (contributor);  … - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001761469
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Capital requirements and competition in the banking industry
Vlaar, Peter J. G. (contributor) - 2000 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001658368
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Oligopoly banking and capital accumulation
Cetorelli, Nicola (contributor);  … - 2000 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001658362
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The Effects of the Saving and Banking Glut on the U.S. Economy
Justiniano, Alejandro; Primiceri, Giorgio E.; … - Federal Reserve Bank of Chicago - 2013
We use a quantitative equilibrium model with houses, collateralized debt and foreign borrowing to study the impact of global imbalances on the U.S. economy in the 2000s. Our results suggest that the dynamics of foreign capital flows account for between one fourth and one third of the increase in...
Persistent link: https://www.econbiz.de/10010735412
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What Drives Bank Funding Spreads?
King, Thomas B.; Lewis, Kurt F. - Federal Reserve Bank of Chicago - 2014
We use matched, bank-level panel data on Libor submissions and credit default swaps to decompose bank-funding spreads … and that this premium declined at short maturities following Federal Reserve interventions in bank funding markets. At …
Persistent link: https://www.econbiz.de/10011119884
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Access to Refinancing and Mortgage Interest Rates: HARPing on the Importance of Competition
Amromin, Eugene; Kearns, Caitlin - Federal Reserve Bank of Chicago - 2014
We explore a policy-induced change in borrower ability to shop for mortgages to investigate whether market competitiveness affects mortgage interest rates. Our paper exploits a discontinuity in the competitive landscape introduced by the Home Affordable Refinancing Program (HARP). Under HARP,...
Persistent link: https://www.econbiz.de/10011119887
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Preventing Bank Runs
Andolfatto, David; Nosal, Ed; Sultanum, Bruno - Federal Reserve Bank of Chicago - 2014
Diamond and Dybvig (1983) is commonly understood as providing a formal rationale for the existence of bank …-run equilibria. It has never been clear, however, whether bank-run equilibria in this framework are a natural byproduct of the … (2003) demonstrate that bank-run equilibria can exist under an optimal contractual arrangement. The difficulty of preventing …
Persistent link: https://www.econbiz.de/10011099905
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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 constraints in the mortgage market. This view on the fundamental drivers of the boom is consistent with four empirical observations: the unprecedented rise in home prices and...
Persistent link: https://www.econbiz.de/10011099908
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Policy Intervention in Debt Renegotiation: Evidence from the Home Affordable Modification Program
Agarwal, Sumit; Amromin, Eugene; Ben-David, Itzhak; … - Federal Reserve Bank of Chicago - 2013
The main rationale for policy intervention in debt renegotiation is to enhance such activity when foreclosures are perceived to be inefficiently high. We examine the ability of the government to influence debt renegotiation by empirically evaluating the effects of the 2009 Home Affordable...
Persistent link: https://www.econbiz.de/10011027197
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State-contingent bank regulation with unobserved action and unobserved characteristics
Marshall, David Aaron (contributor);  … - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001761431