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Credit Supply Responses to Reserve Requirement : Loan-Level Evidence from Macroprudential Policy
Barroso, Joao - 2017
This paper estimates the impact of reserve requirements (RR) on credit supply in Brazil, exploring a large loan-level dataset. We use a difference-in-difference strategy, first in a long panel, then in a cross-section. In the first case, we estimate the average effect on credit supply of several...
Persistent link: https://www.econbiz.de/10012942937
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Liquidity Regulation and the Implementation of Monetary Policy
Bech, Morten L. - 2014
In addition to revamping existing rules for bank capital, Basel III introduces a new global framework for liquidity regulation. One part of this framework is the liquidity coverage ratio (LCR), which requires banks to hold sufficient high-quality liquid assets to survive a 30-day period of...
Persistent link: https://www.econbiz.de/10013059557
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Inflation Targeting and Financial Stability : Providing Policymakers with Relevant Information
Vredin, Anders - 2015
Experience from financial crises and central bank policies in the past decade has led to an intensified debate about the relationship between monetary policy and financial stability. Since there is no established theoretical framework for analysing the links between financial stability and...
Persistent link: https://www.econbiz.de/10013019611
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Monetary Policy Surprises and Employment : Evidence from Matched Bank-Firm Loan Data on the Bank Lending-Channel
Gonzalez, Rodrigo - 2019
This paper investigates the bank lending-channel of monetary policy (MP) surprises. To identify the effects of MP surprises on credit supply, I take the changes in interest rate derivatives immediately after each MP announcement and bring this high-frequency identification strategy to...
Persistent link: https://www.econbiz.de/10012864776
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Transmitting Global Liquidity to East Asia : Policy Rates, Bond Yields, Currencies and Dollar Credit
He, Dong - 2014
We review extant work on the transmission of monetary policy, both conventional and unconventional, of the major advanced economies to East Asia through monetary policy reactions, integrated bond markets and induced currency appreciation. We present new results on the growth of foreign currency...
Persistent link: https://www.econbiz.de/10013059558
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Capital Regulation, Risk-Taking and Monetary Policy : A Missing Link in the Transmission Mechanism?
Borio, Claudio E. V. - 2013
Few areas of monetary economics have been studied as extensively as the transmission mechanism. The literature on this topic has evolved substantially over the years, following the waxing and waning of conceptual frameworks and the changing characteristics of the financial system. In this paper,...
Persistent link: https://www.econbiz.de/10012710837
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Fair Value Accounting for Financial Instruments : Some Implications for Bank Regulation
Landsman, Wayne R. - 2013
I identify issues that bank regulators need to consider if fair value accounting is used for determining bank … regulatory capital and when making regulatory decisions. In financial reporting, US and international accounting standard setters … issues for bank regulators, I briefly review capital market studies that examine the usefulness of fair value accounting to …
Persistent link: https://www.econbiz.de/10014026538
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Macroprudential Policies in Peru : The Effects of Dynamic Provisioning and Conditional Reserve Requirements
Minaya, Elinas - 2017
Over the past decade, credit has grown significantly in Peru, a small and partially dollarised economy, and the mounting credit risk attached to foreign currency credit created severe challenges for financial regulators. This paper assesses the effectiveness of two macroprudential measures...
Persistent link: https://www.econbiz.de/10012942934
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Loan Loss Provisioning Practices of Asian Banks
Packer, Frank - 2014
In the wake of the Asian financial crisis, many regimes in Asia adopted stricter provisioning requirements, as well as discretionary measures, with the objective of increasing provisioning in good times in response to rising levels of risk. Based on a final sample of 240 banks in 12 Asian...
Persistent link: https://www.econbiz.de/10013066258
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Macroprudential Policy and Bank Risk
Altunbas, Yener - 2017
This paper investigates the effects of macroprudential policies on bank risk through a large panel of banks operating in 61 advanced and emerging market economies. There are three main findings. First, there is evidence suggesting that macroprudential tools have a significant impact on bank...
Persistent link: https://www.econbiz.de/10012953769