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likelihood of being in that group? Third, is there a collateral channel from house prices to consumption? We find 20%-40% of …-white and the degree-educated. According to the 'collateral channel', house prices influence consumption by allowing households …
Persistent link: https://www.econbiz.de/10014055582
This paper provides new insights into how financial globalization relates to international trade. Exploiting unique, time-varying, bilateral data on foreign bank ownership for many countries, we show that, for emerging markets, greater local foreign bank presence, especially from the importing...
Persistent link: https://www.econbiz.de/10012958963
We study the effect of changes to bank-specific capital requirements on mortgage loan supply with a new loan-level data set containing all mortgages issued in the United Kingdom between 2005 Q2 and 2007 Q2. We find that a rise of a 100 basis points in capital requirements leads to a 5.4% decline...
Persistent link: https://www.econbiz.de/10014130887
particular for collateral that saves more on regulatory capital …
Persistent link: https://www.econbiz.de/10012893708
particular for collateral that saves more on regulatory capital …
Persistent link: https://www.econbiz.de/10012897240
We investigate how counterparties' characteristics, and the collateral they use, interact with their demand for … facilities to meet their liquidity needs. Collateral assets used for FLS are less liquid, since almost all assets are loan … portfolios. Riskier and larger institutions are more likely to pre-position collateral in the FLS, but these counterparties do …
Persistent link: https://www.econbiz.de/10012862159
We examine how banks' cross-border lending reacts to changes in liquidity regulation using a new dataset on Individual Liquidity Guidance (ILG), which was enacted in the UK from 2000 to 2015 and is similar to the Basel III Liquidity Coverage Ratio. A one percentage point increase in liquidity...
Persistent link: https://www.econbiz.de/10012833961
We use spatial discontinuities associated with congressional district borders to identify the effect of political influences on American banks' lending. We show that recipients of the 2008 public capital injection program (TARP) increased mortgage and small business lending by 23% to 60% more in...
Persistent link: https://www.econbiz.de/10012978061
In the workhorse model of international real business cycles, financial integration exacerbates the cycle asymmetry created by country-specific supply shocks. The prediction is identical in response to purely common shocks in the same model augmented with simple country heterogeneity (eg, where...
Persistent link: https://www.econbiz.de/10012984164
results also show that collateral characteristics played an important role in the BoE's loan decisions, even after controlling …
Persistent link: https://www.econbiz.de/10012871671