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The Bank Lending Channel of Monetary Transmission; Does it Work in Turkey?
Brooks, Petya Koeva - International Monetary Fund (IMF) - 2007
on loan supply in Turkey. This suggests that the effect of monetary policy in Turkey can be propagated by the banking …
Persistent link: https://www.econbiz.de/10005248226
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What’S the Damage? Medium-Term Output Dynamics After Banking Crises
Abiad, Abdul; Brooks, Petya Koeva; Tytell, Irina; … - International Monetary Fund (IMF) - 2009
This paper investigates the medium-term behavior of output following banking crises, and its association with pre- and … post-crisis conditions and policies. We find that output tends to be depressed substantially following banking crises, with … associated with medium-run output losses include the short-run change in output, the occurrence of a joint banking …
Persistent link: https://www.econbiz.de/10008540924
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Modeling with Macro-Financial Linkages; Credit and Policy Shocks in Emerging Markets
Benes, Jaromir; Ötker, Inci; Vávra, David - International Monetary Fund (IMF) - 2009
This paper develops a stylized, small, open economy macro model that incorporates an explicit and non-trivial role for financial intermediation. It illustrates how such a model could be used for policy analysis in an emerging market economy where policymakers are concerned about risks associated...
Persistent link: https://www.econbiz.de/10008528675
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Risky Bank Lending and Optimal Capital Adequacy Regulation
Benes, Jaromir; Kumhof, Michael - International Monetary Fund (IMF) - 2011
We study the welfare properties of a New Keynesian monetary economy with an essential role for risky bank lending. Banks lend funds deposited by households to a financial accelerator sector, and face penalties for maintaining insufficient net worth. The loan contract specifies an unconditional...
Persistent link: https://www.econbiz.de/10009151234