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associated with lower inflation, a greater number of banks, and greater public ownership of banks. Higher deposit interest rates …
Persistent link: https://www.econbiz.de/10005264076
, reduced role of securities markets, imperfect competition in the banking sector and the resulting high cost of bank lending to … private firms, the traditional channels (interest rate, bank lending, and asset price) are impaired in LICs. The exchange rate … channel is also undermined by central bank intervention in the foreign exchange market. These conclusions are supported by …
Persistent link: https://www.econbiz.de/10008671304
This technical note on strategic issues in Development Bank (DB) reform for Mexico examines advances in the area of DB …, in part owing to more stringent regulatory requirements, but are comparable with those of commercial banks, as the same …
Persistent link: https://www.econbiz.de/10011243205
The causes of the global financial crisis were multi-faceted but revealed still unresolved weaknesses in national and international financial oversight and resolution frameworks. In particular, many governments in the crisis-hit countries had to provide unprecedented levels of support to contain...
Persistent link: https://www.econbiz.de/10011245888
rate remained strong, and confidence in Icelandic banks stayed high. …
Persistent link: https://www.econbiz.de/10011244341
In this paper we empirically examine the operation of the traditional Keynesian interest rate channel of the monetary policy transmission mechanism in five potential inflation targeting economies in the MENA region and compare it with fourteen inflation targeting (IT) emerging market economies...
Persistent link: https://www.econbiz.de/10009327866
The ECB has taken a range of actions to address bank funding problems, eliminate excessive risk in sovereign markets …
Persistent link: https://www.econbiz.de/10010790355
view that monetary policy easing induces greater risk-taking by banks but also shows that the relationship between real … interest rates and banking risk is more complex. Ultimately, it depends on how much skin in the game banks have. The central …
Persistent link: https://www.econbiz.de/10011123889
’s survey of terms of business lending. We find that ex-ante risk taking by banks (as measured by the risk rating of the bank’s … on the internal ratings of U.S. banks on loans to businesses over the period 1997 to 2011 from the Federal Reserve … pronounced for banks with relatively low capital or during periods when banks’ capital erodes, such as episodes of financial and …
Persistent link: https://www.econbiz.de/10011242177
China has been moving to a more market oriented financial system, which has implications for the monetary policy environment. The paper investigates the stability of the money demand function (MDF) in light of progress in financial sector reforms that, for example, have resulted in significant...
Persistent link: https://www.econbiz.de/10011142182