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Policy Uncertainty and Bank Mortgage Credit
Kara, Gazi - 2020
We document that banks reduce supply of jumbo mortgage loans when policy uncertainty increases in their headquarter …
Persistent link: https://www.econbiz.de/10012850544
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Policy Uncertainty and Bank Mortgage Credit
Kara, Gazi - 2019
We show that banks reduce the supply of jumbo mortgage loans when policy uncertainty increases, as measured by the …
Persistent link: https://www.econbiz.de/10012859647
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Can Non-Interest Rate Policies Stabilise Housing Markets? Evidence from a Panel of 57 Economies
Kuttner, Kenneth N. - 2014
Using data from 57 countries spanning more than three decades, this paper investigates the effectiveness of nine non-interest rate policy tools, including macroprudential measures, in stabilising house prices and housing credit. In conventional panel regressions, housing credit growth is...
Persistent link: https://www.econbiz.de/10013058585
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Higher Bank Capital Requirements and Mortgage Pricing : Evidence from the Countercyclical Capital Buffer (CCB)
Basten, Christoph - 2015
How has the CCB affected mortgage pricing after Switzerland became the first country to activate this Basel III … macroprudential tool? By analyzing a database with several offers per mortgage request, we construct a picture of mortgage supply and … demand. We find, first, that the CCB changes the composition of mortgage supply, as relatively capital-constrained and …
Persistent link: https://www.econbiz.de/10013016439
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Liquidity Risk and the Credit Crunch of 2007-2008 : Evidence from Micro-Level Data on Mortgage Loan Applications
Antoniades, Adonis - 2014
relying on the use of micro-level data on US mortgage loan applications, which allows me to identify liquidity risk as an … important determinant of the contraction of credit in the mortgage market, but as separate from the precipitous fall in credit …
Persistent link: https://www.econbiz.de/10013039970
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Coco Issuance and Bank Fragility
Avdjiev, Stefan - 2017
The promise of contingent convertible capital securities (CoCos) as a 'bail-in' solution has been the subject of considerable theoretical analysis and debate, but little is known about their effects in practice. In this paper, we undertake the first comprehensive empirical analysis of bank CoCo...
Persistent link: https://www.econbiz.de/10012942917
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The Countercyclical Capital Buffer and the Composition of Bank Lending
Auer, Raphael - 2016
Do macroprudential regulations on residential lending influence commercial lending behavior too? To answer this question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential mortgages on which extra capital requirements were...
Persistent link: https://www.econbiz.de/10012977947
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Hedger of Last Resort : Evidence from Brazilian FX Interventions, Local Credit and Global Financial Cycles
Gonzalez, Rodrigo - 2019
We show that local central bank policies attenuate global financial cycle (GFC)'s spillovers. For identification, we exploit GFC shocks and Brazilian interventions in FX derivatives using three matched administrative registers: credit, foreign credit flows to banks, and employer-employee....
Persistent link: https://www.econbiz.de/10012857781
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The 2011 FDIC Assessment on Banks Managed Liabilities : Interest Rate and Balance-Sheet Responses
Kreicher, Lawrence - 2014
The global financial crisis led to discussion of corrective bank taxes to promote financial stability. This paper interprets the widening of the FDIC assessment base from deposits to assets less equity for US-chartered banks in April 2011 as such a corrective or Pigovian tax. In terms of yields,...
Persistent link: https://www.econbiz.de/10013063665
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Bank Capital and Dividend Externalities
Acharya, Viral V. - 2016
Dividend payouts affect the relative value of claims within a firm. When firms have contingent claims on each other, as in the banking sector, dividend payouts can shift the relative value of stakeholders' claims across firms. Through this channel, one bank's capital policy affects the equity...
Persistent link: https://www.econbiz.de/10012983304