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interest rates and banking risk is more complex. Ultimately, it depends on how much skin in the game banks have. The central … message of the paper is broadly complementary to those in the recent MCM board paper “Central Banking Lessons from the …
Persistent link: https://www.econbiz.de/10011123889
-neutral shareholders and subject to limited liability, can exhibit self-insurance, and thus loan supply contracts when uncertainty …
Persistent link: https://www.econbiz.de/10011142078
Persistent link: https://www.econbiz.de/10011244421
This paper quantifies the economic impact of uncertainty shocks in the UK using data that span the recent Great Recession. We find that uncertainty shocks have a significant impact on economic activity in the UK, depressing industrial production and GDP. The peak impact is felt fairly quickly at...
Persistent link: https://www.econbiz.de/10010790244
Persistent link: https://www.econbiz.de/10011242516
, particularly those that may be growing outside of the banking system. Policies should also be deployed to keep mortgage credit …
Persistent link: https://www.econbiz.de/10011243914