Showing 1 - 10 of 4,490
This paper uses loan application-level data from a peer-to-peer lending platform to study the risk-taking channel of monetary policy. By employing a direct ex-ante measure of risk-taking and estimating the simultaneous equations of loan approval and loan amount, we are the first to provide...
Persistent link: https://www.econbiz.de/10012057284
the level of local bank concentration and bank capitalization. I find that banks operating in high-concentration markets …This paper analyzes the implications of the gradual rise in bank concentration since the 1990s for the transmission of … and under-capitalized banks adjust short-term lending rates more. I then build a theoretical model with heterogeneous …
Persistent link: https://www.econbiz.de/10014251891
We estimate a logit mixture vector autoregressive model describing monetary policy transmission in the euro area over the period 2003Q1–2019Q4 with a special emphasis on credit conditions. With the help of this model, monetary policy transmission can be described as mixture of two states...
Persistent link: https://www.econbiz.de/10012383710
Persistent link: https://www.econbiz.de/10012546900
This paper analyzes the effect of bank capital adequacy regulation on the monetary transmission mechanism. Using a … general equilibrium framework and a representative bank, the model demonstrates that the monetary transmission mechanism is … weakened if banks are poorly capitalized, or if the capital adequacy requirement is stringent. The paper also assesses the …
Persistent link: https://www.econbiz.de/10011538929
This paper explores the link between monetary policies of large industrial countries and international credit cycles. Based on an overinvestment framework, we show that in the prevailing asymmetric world monetary system, monetary policies of large centre countries can fuel credit booms in...
Persistent link: https://www.econbiz.de/10010337620
This paper examines the bank lending channel of monetary transmission in Malaysia, a country with a dual banking system … including both Islamic and conventional banks, over the period 1994:01-2015:06. A two-regime threshold vector autoregression … (TVAR) model is estimated to take into account possible nonlinearities in the relationship between bank lending and monetary …
Persistent link: https://www.econbiz.de/10011444122
Switzerland. For identification, we compare changes in the behavior of banks that had different fractions of their central bank …We analyze the effect of negative monetary policy rates on banks, using detailed supervisory information from … reserves exempt from negative rates. More affected banks reduce costly reserves and bond financing while maintaining non …
Persistent link: https://www.econbiz.de/10011795014
Using data for a large sample of banks from 31 OECD countries over 1995–2018, we analyze the impact of belonging to a … banking group on banks’ net interest margins. Our results confirm a positive relationship between interest rates and interest … margins, which is stronger in a low-interest rate environment. For banks belonging to an international banking group, we find …
Persistent link: https://www.econbiz.de/10012628790
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 observed to respond differently. Several possible...
Persistent link: https://www.econbiz.de/10012597851