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The countercyclical capital buffer and the composition of bank lending
Auer, Raphael A.; Ongena, Steven - 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/10012064522
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Shadow banks and the risk-taking channel of monetary policy transmission in the Euro Area
Wischnewsky, Arina; Neuenkirch, Matthias - 2018 - First Draft: June 11, 2018
In this paper, we provide evidence for a risk-taking channel of monetary policy transmission in the euro area that works through an increase in shadow banks' total asset growth and their risk assets ratio. Our dataset covers the period 2003Q1 - 2017Q3 and includes, in addition to the standard...
Persistent link: https://www.econbiz.de/10011864635
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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/10011822614
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Bank regulation and sovereign risk : a paradox
Afonso, António; Teixeira, André - 2023
This paper investigates the impact of banking prudential regulation on sovereign risk. We show that prudential … regulation reduces sovereign risk and induces governments to spend more. As a result, countries with tight prudential regulation … have lower primary budget balances and accumulate more government debt over time. We find that prudential regulation …
Persistent link: https://www.econbiz.de/10014281475
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Crypto trading and bitcoin prices : evidence from a new database of retail adoption
Auer, Raphael A.; Cornelli, Giulio; Dörr, Sebastian; … - 2023
Prices for cryptocurrencies have undergone multiple boom-bust cycles, together with ongoing entry by retail investors. To investigate the drivers of crypto adoption, we assemble a novel database (made available with this paper) on retail use of crypto exchange apps at daily frequency for 95...
Persistent link: https://www.econbiz.de/10013540782
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Macroprudential capital regulation and fiscal balances in the euro area
Hristov, Nikolay; Hülsewig, Oliver; Kolb, Benedikt - 2024
in macroprudential capital regulation. Our findings suggest a dichotomy between country groups. In peripheral countries … core countries, the cyclically adjusted primary balance ratio barely reacts to a sudden tightening in capital regulation. …
Persistent link: https://www.econbiz.de/10014485633
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Towards a macroprudential surveillance and remedial policy formulation system for monitoring financial crisis
Bhattacharyay, Biswanath - 2009
Several developing economies witnessed a large number of systemic financial and currency crises since the 1980s which resulted in severe economic, social, and political problems. The devastating impact of the 1982 and 1994-95 Mexican crises, the 1997-98 Asian financial crisis, the 1998 Russian...
Persistent link: https://www.econbiz.de/10003887495
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Early warning system for economic and financial risks in Kazakhstan
Bhattacharyay, Biswanath; Dlugosch, Dennis; Kolb, Benedikt - 2009
This paper proposes a macro-prudential financial soundness analysis that can be used by most developing and transformation countries with or without crisis experience as well as by developed countries with limited data. The objective is to detect economic and financial sector vulnerability,...
Persistent link: https://www.econbiz.de/10003897420
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Modeling two Macro policy instruments : interest rates and aggregate capital requirements
Gersbach, Hans; Hahn, Volker - 2011 - This Version: September 2011
regulation ; capital requirements ; optimal monetary policy …
Persistent link: https://www.econbiz.de/10009307956
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Basel accord and financial intermediation : the impact of policy
Berka, Martin; Zimmermann, Christian - 2012
tightening of regulation in bad times. This is performed with an heterogeneous agent economy with occupational choice, financial …
Persistent link: https://www.econbiz.de/10009488890