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This paper studies the relationship between the business cycle and financial intermediation in the euro area. We establish stylized facts and study their stability during the global financial crisis and the European sovereign debt crisis. Long-term interest rates have been exceptionally high and...
Persistent link: https://www.econbiz.de/10012893985
strength of the bank lending channel, recent evidence shows that bank-specific characteristics can have a large impact on the … provision of credit. We show that new factors, such as changes in banks' business models and market funding patterns, had … structural changes during the period of financial crisis. Banks with weaker core capital positions, greater dependence on market …
Persistent link: https://www.econbiz.de/10013126858
: the internal rating systems -- Chapter 3) Credit guarantees: the role in bank lending -- Chapter 4) Banks, firms and …’s dynamics. Chapters discuss the role of bank lending in firms’ financing during the recent financial crisis, as well as issues … in credit risk management. The discussion also examines regulatory requirements impacting banks and firms (Basel III) and …
Persistent link: https://www.econbiz.de/10012397257
This book examines the role of uncertainty on financial decisions - and, consequently, on financial markets - in the buildup to and aftermath of the Great Recession. It tracks the significant growth and important structural changes in the financial sector during the past few decades, both of...
Persistent link: https://www.econbiz.de/10012397414
types of bank capital affect bank lending and whether this relation changes in times of the global financial crisis. Chapter …Chapter 1 Introduction -- Chapter 2 The use of financial derivatives and risks of U.S. bank holding companies … -- Chapter 3 Quality of bank capital and bank lending behavior during the global financial crisis -- Chapter 4 Competition in the …
Persistent link: https://www.econbiz.de/10012398291
I show that the detrending of financial variables with the Hodrick and Prescott (1981, 1997) (HP) and band-pass filters leads to spurious cycles. I find that distortions become especially severe when considering medium-term cycles, i.e., cycles that exceed the duration of regular business...
Persistent link: https://www.econbiz.de/10012923312
This book examines the performance of the Brazilian economy since the Great Financial Crisis of 2007/2008 with focus on both the productive and financial dimensions, along with distributional and social issues. The book will bring to light the causes of the fast recovery over 2009-2010 as well...
Persistent link: https://www.econbiz.de/10012397733
regulated commercial banks and unregulated shadow banks. We derive three main results: First, the relative size of the shadow … capacity of secondary markets for shadow banks' assets, shadow banking is stable. In turn, if the sector grows too large, it …. Second, if regulated commercial banks themselves operate shadow banks, a larger shadow banking sector is sustainable. However …
Persistent link: https://www.econbiz.de/10013049188
Crisis -- 4. The Role of Central Banks and the Interbank Market in Managing Bank Liquidity during the Global Financial Crisis … necessary but inadequate safeguard for the stability of an intermediary. Despite the high levels of capitalization of many banks …, after the GFC regulators realized that liquidity risk can jeopardize the orderly functioning of a bank and, in some cases …
Persistent link: https://www.econbiz.de/10012396811
. Foreign Bank Entry into CESEE Countries in the 90s and Afterwards -- Chapter 4. Credit Activity of Foreign-Owned Banks in …This book provides an in-depth analysis of the role of foreign-owned banks for credit growth, financial stability and … shows its impact on the post-communist banking sectors. As the foreign banks dominate the banking sectors in CESEE countries …
Persistent link: https://www.econbiz.de/10012396998