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The unintended consequences of the debt: Will increased government expenditure hurt the economy?
Werner, Richard A. - Center for Financial Studies - 2011
credit view literature. The model postulates complete quantity crowding out. It is subjected to empirical tests, which were …
Persistent link: https://www.econbiz.de/10010958773
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Why bank money creation?
Gersbach, Hans; Zelzner, Sebastian - 2022
We provide a rationale for bank money creation in our current monetary system by investigating its merits over a system with banks as intermediaries of loanable funds. The latter system could result when CBDCs are introduced. In the loanable funds system, households limit banks' leverage ratios...
Persistent link: https://www.econbiz.de/10013191634
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In lands of foreign currency credit, bank lending channels run through? The effects of monetary policy at home and abroad on the currency denomination of the supply of credit
Ongena, Steven; Schindele, Ibolya; Vonnák, Dzsamila - 2014
We analyze the differential impact of domestic and foreign monetary policy on the local supply of bank credit in … lower domestic interest rate expands the supply of credit in the domestic but not in the foreign currency. A lower foreign …
Persistent link: https://www.econbiz.de/10010420343
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In lands of foreign currency credit, bank lending channels run through? The effects of monetary policy at home and abroad on the currency denomination of the supply of credit
Ongena, Steven; Schindele, Ibolya; Vonnák, Dzsamila - Center for Financial Studies - 2014
We analyze the differential impact of domestic and foreign monetary policy on the local supply of bank credit in … lower domestic interest rate expands the supply of credit in the domestic but not in the foreign currency. A lower foreign …
Persistent link: https://www.econbiz.de/10010986409
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Do consumers choose the right credit contracts?
Agarwal, Sumit; Chomsisengphet, Souphala; Liu, Chunlin; … - Center for Financial Studies - 2005
such mistakes are in practice. The bank offered consumers a choice between two credit card contracts, one with an annual …
Persistent link: https://www.econbiz.de/10010958552
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Do Consumers Choose the Right Credit Contracts?
Agarwal, Sumit; Chomsisengphet, Souphala; Liu, Chunlin; … - Center for Financial Studies - 2005
such mistakes are in practice. The bank offered consumers a choice between two credit card contracts, one with an annual …
Persistent link: https://www.econbiz.de/10005022421
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Does the lack of financial stability impair the transmission of monetary policy?
Acharya, Viral V.; Imbierowicz, Björn; Steffen, Sascha; … - 2019
We investigate the transmission of central bank liquidity to bank deposits and loan spreads in Europe over the January 2006 to June 2010 period. We find evidence consistent with an impaired transmission channel due to bank risk. Central bank liquidity does not translate into lower loan spreads...
Persistent link: https://www.econbiz.de/10011994210
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The Basle scuritisation framework explained: The regulatory treatment of asset securitisation
Jobst, Andreas A. - Center for Financial Studies - 2005
for securitised credit exposures. Although we incorporate a simplified sensitivity analysis of the varying levels of …
Persistent link: https://www.econbiz.de/10010986448
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The Basle Securitisation Framework Explained: The Regulatory Treatment of Asset Securitisation
Jobst, Andreas - Center for Financial Studies - 2004
requirements for securitised credit exposures. Although we incorporate a simplified sensitivity analysis of the varying levels of …
Persistent link: https://www.econbiz.de/10005022417
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Interest rate elasticity of bank loans: The case for sector-specific capital requirements
Hense, Florian - 2015
Empirical credit demand analysis undertaken at the aggregate level obscures potential behavioral heterogeneity between … the credit cycle with respect to interest rates, output and house prices is found. The results motivate sector …
Persistent link: https://www.econbiz.de/10010520594