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The Countercyclical Capital Buffer and the Composition of Bank Lending
Auer, Raphael A.; Ongena, Steven - 2019
question, we identify the compositional changes in banks’ supply of credit using the variation in their holdings of residential …
Persistent link: https://www.econbiz.de/10012141016
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The Loan Puzzle. A Study of Loans to Different Groups in the USA
Cafiso, Gianluca - 2020
We study loans from banking and non-banking lenders to different groups of borrowers in order to unveil significant differences on how those respond to a shock and evaluate possible alternative explanations for such differences. The objective is to gain insights useful to explain the loan...
Persistent link: https://www.econbiz.de/10012838236
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The Contribution of Loans to Economic Activity
Cafiso, Gianluca - 2020
We study the contribution of loans, granted to different borrower groups, to economic activity in the USA over the period 1971q1-2018q4. Significant economic recessions occurred along the period considered, we center our discussion around the recent Global Financial Crisis. Results are delivered...
Persistent link: https://www.econbiz.de/10012823053
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Heterogeneous Loans and the Effect of Monetary Interventions
Cafiso, Gianluca; Rivolta, Giulia - 2021
The amount of credit in the economy is a heterogeneous aggregate that can be analyzed across different dimensions …. Considering such dimensions provides insights into the effect of monetary policy interventions because the credit components are …
Persistent link: https://www.econbiz.de/10013218294
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The Transmission Mechanism of Credit Support Policies in the Euro Area
Boeckx, Jef; de Sola Perea, Maite; Peersman, Gert - 2017
mechanism of the Eurosystem’s credit support policies since the start of the crisis. First, we show that these policies have … indeed been succesful in stimulating the credit flow of banks to the private sector. Second, we find support for the “bank … responded more to the credit support policies of the Eurosystem as a result of more favourable size, retail and liquidity …
Persistent link: https://www.econbiz.de/10011657163
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Rise of the Central Bank Digital Currencies: Drivers, Approaches and Technologies
Auer, Raphael A.; Cornelli, Giulio; Frost, Jon - 2020
Central bank digital currencies (CBDCs) are receiving more attention than ever before. Yet the motivations for issuance vary across countries, as do the policy approaches and technical designs. We investigate the economic and institutional drivers of CBDC development and take stock of design...
Persistent link: https://www.econbiz.de/10012425561
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Sovereign Default Risk and Banks in a Monetary Union
Uhlig, Harald - 2013
This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank guarantees in a monetary union. I assume that banks can use sovereign bonds for repurchase agreements with a common central bank, and that their sovereign partially backs up any...
Persistent link: https://www.econbiz.de/10010319382
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The Countercyclical Capital Buffer and the Composition of Bank Lending
Auer, Raphael - 2019
question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …
Persistent link: https://www.econbiz.de/10012861456
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Rise of the Central Bank Digital Currencies : Drivers, Approaches and Technologies
Auer, Raphael; Cornelli, Giulio; Frost, Jon - 2021
Central bank digital currencies (CBDCs) are receiving more attention than ever before. Yet the motivations for issuance vary across countries, as do the policy approaches and technical designs. We investigate the economic and institutional drivers of CBDC development and take stock of design...
Persistent link: https://www.econbiz.de/10013315046
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The Risk-Taking Channel of Monetary Policy Transmission in the Euro Area
Neuenkirch, Matthias; Nöckel, Matthias - 2018
In this paper, we provide evidence for a risk-taking channel of monetary policy transmission in the euro area that works through the relaxation of lending standards for borrowers. Our dataset covers the period 2003Q1-2016Q2 and includes, in addition to the standard variables for real GDP growth,...
Persistent link: https://www.econbiz.de/10011872039