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New evidence on the lending channel

Ashcraft, Adam B. (contributor) - 2001 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001630846

Studies on causes and consequences of the 1989 - 92 credit slowdown

1994

Persistent link: https://www.econbiz.de/10000966660

When is US bank lending to emerging markets volatile?

Goldberg, Linda S. (contributor) - 2001 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001589537

How mortgage finance affects the urban landscape

Haughwout, Andrew F.; Tracy, Joseph; Chan, Sewin - Federal Reserve Bank of New York - 2015

This chapter considers the structure of mortgage finance in the U.S., and its role in shaping patterns of homeownership … the design features of mortgage contracts that distinguish them from other loans, and that have important implications for … issues presented in the rest of the chapter. We then explain how mortgage finance interacts with public policy, particularly …

Persistent link: https://www.econbiz.de/10011185868

A decomposition of the sources of incomplete cross-border transmission

Hellerstein, Rebecca - Federal Reserve Bank of New York - 2006

Despite its importance, the microeconomics of the international transmission of shocks is not well understood. The conventional wisdom is that relative price changes are the primary mechanism by which shocks are transmitted across borders. Yet traded-goods prices exhibit significant inertia in...

Persistent link: https://www.econbiz.de/10005420523

The return to retail and the performance of U.S. banks

Hirtle, Beverly J.; Stiroh, Kevin J. - Federal Reserve Bank of New York - 2005

The U.S. banking industry is experiencing a renewed focus on retail banking, a trend often attributed to the stability and profitability of retail activities. This paper examines the impact of banks' retail intensity on performance from 1997 to 2004 by developing three complementary definitions...

Persistent link: https://www.econbiz.de/10005420589

Retail inventories, internal finance, and aggregate fluctuations

Zakrajsek, Egon - Federal Reserve Bank of New York - 1997

We investigate the implications of capital market imperfections for inventory investment in retail trade, using a new source firm-level data--the micro data underlying the published Quarterly Financial Reports. An error-correction model that includes internal funds and forward-looking...

Persistent link: https://www.econbiz.de/10005512191

What do chain store sales tell us about consumer spending?

Harris, Ethan S.; Vega, Clara - Federal Reserve Bank of New York - 1996

In recent years, the sales reports of major retail chains have received increasing attention as timely indicators of consumer spending. Despite this attention, a close review of the literature on chain store indexes as macroeconomic indicators reveals that there is no literature! This paper...

Persistent link: https://www.econbiz.de/10005512192

Arm's-length transactions as a source of incomplete cross-border transmission: the case of autos

Hellerstein, Rebecca; Villas-Boas, Sofia Berto - Federal Reserve Bank of New York - 2006

A growing share of international trade occurs through intra-firm transactions-those between domestic and foreign subsidiaries of a multinational firm. The difficulties associated with writing and enforcing a vertical contract compound when a product must cross a national border, and may explain...

Persistent link: https://www.econbiz.de/10005726566