Showing 1 - 10 of 27
We describe a dynamic model of financial intermediation in which fundamental characteristics of the economy imply a unique equilibrium path of bank and financial market lending. Yet we also show that economies whose fundamental characteristics have converged may continue to have very different...
Persistent link: https://www.econbiz.de/10011604488
This paper reviews the literature on the finance-growth nexus within a neoclassical growth framework, placing an emphasis on the policy implications in the current European environment, that has placed financial reforms high on the policy Agenda. While more research is needed to establish...
Persistent link: https://www.econbiz.de/10011604833
Using confidential information on banks' portfolios, inaccessible to market participants, we show that banks that … towards greener technologies and are robust to controlling for banks' climate risk discussions. Examining the mechanisms … behind the strategic disclosure choices, we highlight that banks are hesitant to sever ties with existing brown borrowers …
Persistent link: https://www.econbiz.de/10014543654
making the assumption that balance-sheet resource allocation is indicative of the strategic focus of banks, we also find …
Persistent link: https://www.econbiz.de/10011604444
), well-functioning institutions are a key driving force for international bank flows. Specifically, foreign banks invest …
Persistent link: https://www.econbiz.de/10011604483
monetary policy was up (down). Overall, we find that competition among banks and competition from financial markets result in a …
Persistent link: https://www.econbiz.de/10011604760
This paper analyses the impact of loan market competition on the interest rates applied by euro area banks to loans and … bank interest rates, we likewise find that banks tend to price their loans more in accordance with the market in countries … heavier in the loan market than in the deposit markets, so that banks compensate for their reduction in loan market income by …
Persistent link: https://www.econbiz.de/10011604931
We study the prices that individual banks pay for liquidity (captured by borrowing rates in repos with the central bank … depend in particular on the distribution of liquidity across banks, which is calculated over time using individual banklevel … data on reserve requirements and actual holdings. Banks pay more for liquidity when positions are more imbalanced across …
Persistent link: https://www.econbiz.de/10011605422
This paper develops a DSGE model where banks use short-term deposits to provide firms with long-term credit. The demand …
Persistent link: https://www.econbiz.de/10011605534
We develop a partial adjustment model in order to estimate the factors contributing to banks’ internal target capital … ratio, lending policy and holding of securities. The model is estimated on a panel of listed euro area banks and country … specific macrovariables. Firstly, banks’ internal target capital ratios are estimated by using information on banks’ riskiness …
Persistent link: https://www.econbiz.de/10011605544