Showing 1 - 10 of 1,467
Exploiting confidential data on individual German bank balance-sheets, I analyse what characterises a bank that opts to … apply negative interest rates to corporate deposits. The results suggest that banks that are highly exposed to the negative … deposit rates. Furthermore, I examine whether banks adjusted their fee and commission strategy during the NIRP period and if …
Persistent link: https://www.econbiz.de/10013361902
Financial markets help to foster growth and productivity through their role in mobilizing savings to finance investment and production, selecting and monitoring investment projects, diversifying risks, and allowing investment and production to be carried out in the most productive scale and time...
Persistent link: https://www.econbiz.de/10012025394
The cross-sectional average of pairwise correlations across stocks traded on the NYSE, AMEX, and Nasdaq is a powerful predictor of U.S. economic activity at a horizon of one to four years. Its predictive ability is on a par with the slope of the yield curve and significantly exceeds that of some...
Persistent link: https://www.econbiz.de/10014227600
-level financial statements for the 2004-2010 period together with the financial statements of each firm's relationship bank(s). We use … real economy. We investigate the importance of the bank lending and firm borrowing channel in the international … transmission of bank distress to the real economy - in particular, to real investment and labor employment by nonfinancial firms …
Persistent link: https://www.econbiz.de/10011346644
Central Bank’s policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks’ funding costs differs across the euro …This paper studies how banks’ balance sheets and funding costs interact in the transmission of monetary-policy rates to … banks’ credit supply to firms. To do so, we use credit-registry data from Germany and Portugal together with the European …
Persistent link: https://www.econbiz.de/10013259629
higher reliance on continental rather than Anglo-Saxon financing practices, and therefore increases dependence on banks …
Persistent link: https://www.econbiz.de/10011596107
We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth …. The empirical analysis is based on a large panel-data set including 124 countries during the period from 1950 to 2004. For … industrialized countries, our results confirm the inflation targets of about 2% set by many central banks. For non …
Persistent link: https://www.econbiz.de/10003876000
Persistent link: https://www.econbiz.de/10010191904
in general, better capitalized and less leveraged banks have outperformed their peers, a finding that supports … policymakers’ efforts to strengthen bank capitalization. …
Persistent link: https://www.econbiz.de/10010128764
This paper develops high-frequency econometric methods to test for jumps in the spread of bond yields. We derive a coherent inference procedure that detects a jump in the yield spread only if at least one of the two underlying bonds displays a jump. We formalize the test as a sequential...
Persistent link: https://www.econbiz.de/10012655372