market busts if bank portfolios suffer, but also in booms if trading absorbs more money. The government has multiple policy … University) and Philip Lowe (Reserve Bank of Australia).Opening Address:"http://ssrn.com/abstract=3212469" Low for Long or …

empirical results on the relationship between bank competition and financial stability. The model can be used to define a …A model of imperfectly competitive banks is examined under asymmetric information about borrower quality. Greater bank … competition and a lower risk-free rate raise the screening costs of lending, which can result in pooling Nash equilibria with …

external shocks. We find evidence of significant interactions between the bank lending channel and both monetary and global … shaped by the counter-cyclical behavior of a state-owned bank …

We use loan-level data from the Mexican credit registry to study how bank-specific characteristics in influence credit …

This paper analyses the effectiveness of monetary policy on bank lending in a low interest rate environment. Based on a … less effective in stimulating bank lending growth when rates reach a very low level. This result holds after controlling … for business and financial cycle conditions and different bank-specific characteristics such as liquidity, capitalisation …

This paper investigates the bank lending-channel of monetary policy (MP) surprises. To identify the effects of MP … this high-frequency identification strategy to comprehensive and matched bank-firm data from Brazil. The results are robust … across financial intermediaries, e.g. bank capital, are relevant. Firms connected to stronger banks mitigate about one third …

corresponding imperfect substitutability between private and commercial credit for the entrepreneur's relationship bank is then …

bank segregations are effective in cleaning up balance sheets and promoting bank lending only if they combine … purchases are funded privately; (ii) smaller shares of the originating bank's assets are segregated; and (iii) asset segregation … problem associated with the creation of a bad bank …