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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 …

Persistent link: https://www.econbiz.de/10012823053

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

The Countercyclical Capital Buffer and the Composition of Bank Lending

Auer, Raphael A. - 2019

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/10012861456

Re-examining the decline in the US saving rate: The impact of mortgage equity withdrawal

Caporale, Guglielmo Maria; Costantini, Mauro; Paradiso, … - 2012

In this paper we examine the role of mortgage equity withdrawal in explaining the decline of the US saving rate, since … when house prices rise and mortgage rates are low, homeowners have an incentive to withdraw housing equity and this may … withdrawal and interest rates and find that indeed mortgage equity withdrawal is a key determinant of the observed saving pattern. …

Persistent link: https://www.econbiz.de/10010283598

Cooperative Credit Banks and Economic Fluctuations: The Italian Case

Caporale, Guglielmo Maria; Alessi, Matteo - 2024

This paper analyses lending behaviour and economic fluctuations in the Italian banking system as a whole and in the case of the Cooperative Credit Banks (CCBs) using time series data from 2000Q1 to 2022Q4. The specified models include the main determinants of loans to households and firms. In...

Persistent link: https://www.econbiz.de/10014534307

The Transmission Mechanism of Credit Support Policies in the Euro Area

Boeckx, Jef; de Sola Perea, Maite; Peersman, Gert - 2017

We use an original monthly dataset of 131 individual euro area banks to examine the effectiveness and transmission 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...

Persistent link: https://www.econbiz.de/10011657163

Banking crisis resolution policy - lessons from recent experience : which elements are needed for robust and efficient crisis resolution?

Mayes, David G. - 2009

The current financial crisis has sparked intense debate about how weak banks should be resolved. Despite international efforts to coordinate and converge on such policies, national policy advice and resolution practices differ. The resolution methods adopted in the Nordic banking crises in the...

Persistent link: https://www.econbiz.de/10010266061

The Heterogeneous Response of Real Estate Asset Prices to a Global Shock

Heiniger, Sandro; Koeniger, Winfried; Lechner, Michael - 2022

We estimate the transmission of the pandemic shock in 2020 to prices in the residential and commercial real estate market by causal machine learning, using new granular data at the municipal level for Germany. We exploit diﬀerences in the incidence of Covid infections or short-time work at the...

Persistent link: https://www.econbiz.de/10014241990

Intratemporal Nonseparability between Housing and Nondurable Consumption : Evidence from Reinvestment in Housing Stock

Khorunzhina, Natalia - 2019

Using the data on maintenance expenditures and self-assessed house value, I separate the measure of individual housing stock and house prices, and use these data for testing whether nondurable consumption and housing are characterized by intratemporal nonseparability in households' preferences....

Persistent link: https://www.econbiz.de/10012866381

Home Price Expectations and Spending : Evidence from a Field Experiment

Chopra, Felix; Roth, Christopher; Wohlfart, Johannes - 2023

How do households adjust their spending behavior in response to changes in home price expectations? We conduct a field experiment with a sample of Americans that links survey data on home price expectations to actual spending behaviour as measured in a rich home-scanner dataset. In the...

Persistent link: https://www.econbiz.de/10014348144