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Quantitative easing,safe asset scarcity and bank lending
Tischer, Johannes - 2021
their collateral supply is determined by their ex ante securities holdings and repo rates. Second, it makes use of the …
Persistent link: https://www.econbiz.de/10012651072
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How does P2P lending fit into the consumer credit market?
Roure, Calebe de; Pelizzon, Loriana; Tasca, Paolo - 2016
Why do retail consumers look for P2P financial intermediation? Are internetbased peer-to-peer (P2P) loans a substitute for or a complement to bank loans? In this study we answer these questions by comparing P2P lending with the nonconstruction consumer credit market in Germany. We show that P2P...
Persistent link: https://www.econbiz.de/10011520643
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Personal bankcuptcy law, wealth and entrepreneurship : theory and evidence from the introduction of a "fresh start"
Fossen, Frank M. - 2011
tend not to face higher interest rates because they provide collateral. This paper illustrates these effects in a model and …
Persistent link: https://www.econbiz.de/10009008042
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The transmission of bank liquidity shocks : evidence from the Eurosystem collateral framework
Hüttl, Pia; Kaldorf, Matthias - 2024
firm level? We exploit that, in 2007, the European Central Bank replaced national collateral frameworks by a single list …. This collateral framework shock added loans to non-domestic euro area firms to the pool of eligible assets. Using loan … extended to (previously eligible) domestic borrowers, suggesting only a limited cross-border effect of the collateral framework …
Persistent link: https://www.econbiz.de/10014467917
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Asset prices, collateral, and unconventional monetary policy in a DSGE model
Hilberg, Björn; Hollmayr, Josef - 2013
In this paper we set up a New-Keynesian model with a heterogenous banking sector to analyze liquidity problems on the interbank market. The presence of an interbank market is essential to consider a situation where an increased liquidity supply by the central bank is only partially passed on to...
Persistent link: https://www.econbiz.de/10010192797
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Fiscal deficits, financial fragility, and the effectiveness of government policies
Kirchner, Markus; Wijnbergen, Sweder van - 2012
Recent macro developments in the euro area have highlighted the interactions between fiscal policy, sovereign debt, and financial fragility. We take a structural macroeconomic model with frictions in the financial intermediation process, in line with recent research, but introduce asset choice...
Persistent link: https://www.econbiz.de/10009625616
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Product selection in financial intermediation, optimal money growth, and central bank lending
Williamson, Stephen - 1984 - Rev.
Persistent link: https://www.econbiz.de/10003529503
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Lending relationships in Germany : empirical evidence from survey data
Harhoff, Dietmar - 1998
Persistent link: https://www.econbiz.de/10013428157
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Effects of bank capital requirements on lending by banks and non-bank financial institutions
Bednarek, Peter; Briukhova, Olga; Ongena, Steven; … - 2023
What is the impact of a sudden and sizeable increase in bank capital requirements on the lending activity by directly affected banks and by non-affected non-bank financial institutions (NBFIs)? To answer this question, we apply a difference-in-differences methodology around the capital exercise...
Persistent link: https://www.econbiz.de/10014384399
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Procyclical leverage in Europe and its role in asset pricing
Baltzer, Markus; Koehl, Alexandra; Reitz, Stefan - 2019
Broker-dealer leverage has recently proven to be strongly procyclical, exhibiting impressive explanatory power for a large cross-section of asset returns in the US. In this paper we add empirical evidence to this finding, showing that European and German broker-dealers actively manage their...
Persistent link: https://www.econbiz.de/10011987800