Showing 1 - 10 of 181
Persistent link: https://www.econbiz.de/10000450105
This paper deals with the issue of how the market structure in banking affects the choice of means of payment. In particular, the demand for cash is analysed from this point of view. The analysis is based on a simple spatial transactions model in which the banks’ optimization problem is...
Persistent link: https://www.econbiz.de/10005207157
economics. New innovations in payment and settlement technology are challenging the central bank’s monopoly over the supply of … base money, which is generally considered the cornerstone of the central bank’s power to set the short-term interest rate … had a significant quantitative impact on the demand for currency and bank reserves, and indirectly on the modalities of …
Persistent link: https://www.econbiz.de/10005648845
Persistent link: https://www.econbiz.de/10011746652
On 3 July 2015, SUERF organized its sixth joint conference with the Bank of Finland in Helsinki on the subject of …
Persistent link: https://www.econbiz.de/10011414459
This study discusses the effects of the Automated Teller Machine (ATM) network market structure on the availability of cash withdrawal ATM services and cash usage. The aim and novelty of the study is to construct the ATM equation. The study also contributes to the earlier discussion on the...
Persistent link: https://www.econbiz.de/10008774224
The NSFR regulation reduces banks’ liquidity risks by encouraging the use of deposit funding. Deposit money is created by lending, but the requirement restricts possibilities to grant loans. This contradiction may be destabilising if there is a substantial foreign debt.
Persistent link: https://www.econbiz.de/10011145562
of a monopoly bank, an increase in the bank's capital-to-loans ratio always weakens the transmission of monetary policy … to bank lending. In the case of competitive banks, an increase in the capital-to-loans ratio weakens the transmission of … monetary policy to aggregate bank lending, up to a critical level. <p> Using a data set covering the Finnish banking sector in …
Persistent link: https://www.econbiz.de/10008774225
In this paper we test the hypothesis that credit policies are pro-cyclical. Our approach is based on a stochastic frontier analysis of borrower data, as in Chen and Wang (2008). We extend the applicability of the approach, and propose a novel test specification which is informative of many types...
Persistent link: https://www.econbiz.de/10004979447
This paper tests for the presence of a credit channel (particularly a bank-lending sub-channel) for monetary policy in … with the existence of a broad credit channel, whereas the bank-lending channel seems to be operational only under certain … suggests the existence of a clear relationship between the presence of a credit (bank lending) channel, the efficiency level of …
Persistent link: https://www.econbiz.de/10005648926