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Do exposures to sagging real estate, subprime or conduits abroad lead to contraction and flight to quality in bank lending at home?

Ongena, Steven; Tümer-Alkan, Günseli; Westernhagen, … - 2015

We investigate how differential exposures by German banks to the US real estate market during the recent financial crisis affect their corporate lending in Germany. Using unique bank-level exposure data, we distinguish between three different types of bank exposures, i.e. direct exposure to the...

Persistent link: https://www.econbiz.de/10011280084

Risk heterogeneity and credit supply : evidence from the mortgage market

Besley, Timothy; Meads, Neil; Surico, Paolo - 2010

This paper uses a unique data set on more than 600,000 mortgage contracts to estimate a credit supply function which … are suggestive of considerable risk heterogeneity with riskier borrowers penalised more for borrowing more. -- mortgage …

Persistent link: https://www.econbiz.de/10008695862

Real estate transaction taxes and credit supply

Koetter, Michael; Marek, Philipp; Mavropoulos, Antonios - 2021

price changes on mortgage credit supply. Based on approximately 33 million real estate online listings, we construct a … isolate the effect on mortgage credit supply by all local German banks. First, a RETT hike by one percentage point reduces HPI … the RETT leads to a 1.4% decline in mortgage lending. This transmission of fiscal policy to mortgage credit supply is …

Persistent link: https://www.econbiz.de/10012433677

Basel III and SME bank finance in Germany

Marek, Philipp; Stein, Ingrid - 2022

This paper examines how Basel III capital reforms affected bank lending in Ger- many. We focus on the increase of minimum risk-based capital requirements and the introduction of the leverage ratio. The announcement of stricter risk-based capital regulation significantly affected low capitalized...

Persistent link: https://www.econbiz.de/10013399771

Selling dreams : endogenous optimism in lending markets

Bridet, Luc; Schwardmann, Peter - 2020

We propose a simple model of borrower optimism in competitive lending markets with asymmetric information. Borrowers in our model engage in self-deception to arrive at a belief that optimally trades off the anticipatory utility benefits and material costs of optimism. Lenders' contract design...

Persistent link: https://www.econbiz.de/10012237248

Cyclicality of SME lending and government involvement in banks

Behr, Patrick; Foos, Daniel; Norden, Lars - 2015

Recent regulatory efforts aim at lowering the cyclicality of bank lending because of its potential detrimental effects on financial stability and the real economy. We investigate the cyclicality of SME lending by local banks with vs. without a public mandate, controlling for location, size, loan...

Persistent link: https://www.econbiz.de/10011391616

Bank leverage cycles and the external finance premium

Rannenberg, Ansgar - 2013

By combining the approaches of Gertler and Karadi (2011) and Bernanke et al. (1999), I develop a DSGE model with leverage constraints both in the banking and in the non-financial firm sector. I calibrate this "full model" to US data. In a world with only a monetary policy and a productivity...

Persistent link: https://www.econbiz.de/10010238505

External financing and economic activity in the euro area : why are bank loans special?

Aldasoro, Iñaki; Unger, Robert - 2017

Using a Bayesian vector autoregression (BVAR) identified with a mix of sign and zero restrictions, we show that a restrictive bank loan supply shock has a strong and persistent negative impact on real GDP and the GDP deflator. This result comes about even though flows of other sources of...

Persistent link: https://www.econbiz.de/10011632175

Bank loan supply shocks and alternative financing of non-financial corporations in the euro area

Mandler, Martin; Scharnagl, Michael - 2019

We analyse the macroeconomic effects of exogenous contractions in bank lending to non-financial corporations in the Euro Area, Germany, France, Italy and Spain using a Bayesian vector autoregressive model with endogenous hyperparameter selection and identification via sign restrictions. We focus...

Persistent link: https://www.econbiz.de/10012034573

Lending relationships in Germany : empirical evidence from survey data

Harhoff, Dietmar - 1998

Persistent link: https://www.econbiz.de/10013428157

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