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The Great Lockdown : Pandemic Response Policies and Bank Lending Conditions
Altavilla, Carlo - 2020
of new coronavirus (COVID-19) pandemic. We focus on monetary, microprudential and macroprudential policies designed … specifically to support bank lending conditions. For identification, we use proprietary data on participation in central bank … bank capital requirements. The results show that in the absence of the funding cost relief and capital relief associated …
Persistent link: https://www.econbiz.de/10012823403
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Pandemic Lending : Micro and Macro Effects of Model-Based Regulation
Fiordelisi, Franco; Maddaloni, Angela; Fusi, Giulia; … - 2022
When the Covid-19 crisis struck, banks using internal-rating based (IRB) models quickly recognized the increase in risk and reduced lending more than banks using a standardized approach. This effect is not driven by borrowers’ quality or by banks in countries with credit booms before the...
Persistent link: https://www.econbiz.de/10014258764
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Firms’ Expectations on Access to Finance at the Early Stages of the Covid-19 Pandemic
Ferrando, Annalisa - 2020
firms. Firms' expectations on the availability of credit lines, bank loans and trade credit deteriorated significantly in …
Persistent link: https://www.econbiz.de/10012827867
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Global Models for a Global Pandemic : The Impact of COVID-19 on Small Euro Area Economies
Garcia, Pablo; Jacquinot, Pascal; Lenarčič, Črt; … - 2021
This paper analyses the effects of the COVID-19 pandemic shock on small open economies in a monetary union with an application to the euro area. Accounting for a high degree of openness and a strong dependence on intra and extra union trade, we focus on the size and the direction of...
Persistent link: https://www.econbiz.de/10013323904
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Setting Countercyclical Capital Buffers Based on Early Warning Models : Would it Work?
Behn, Markus - 2013
This paper assesses the usefulness of private credit variables and other macrofinancial and banking sector indicators for the setting of Basel III/CRD IV countercyclical capital buffers (CCBs) in a multivariate early warning model framework, using data for 23 EU Members States from 1982 Q2 to...
Persistent link: https://www.econbiz.de/10013074386
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How to Release Capital Requirements During a Pandemic? Evidence from Euro Area Banks
Couaillier, Cyril; Reghezza, Alessio; d’Acri, … - 2022
insights on how to design effective bank capital requirement releases in crisis time …
Persistent link: https://www.econbiz.de/10014239728
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Do Bank Loans and Credit Standards Have an Effect on Output? A Panel Approach for the Euro Area
Cappiello, Lorenzo - 2010
evidence for the existence of a bank lending channel of monetary policy transmission in the euro area. In addition, and in … potential negative repercussions on real economic growth of bank balance sheet impairments arising in the context of the …
Persistent link: https://www.econbiz.de/10013149067
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Ecb-Basir : A Primer on the Macroeconomic Implications of the Covid-19 Pandemic
Angelini, Elena - 2020
central bank modelling apparatus to the new economic landscape. We augment the ECB-BASE model with the predictive dynamics of …
Persistent link: https://www.econbiz.de/10012829746
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Daily Tracker of Global Economic Activity : A Close-Up of the Covid-19 Pandemic
Diaz, Elena Maria; Quirós, Gabriel Pérez - 2021
This paper develops a novel indicator of global economic activity, the GEA Tracker, which is based on commodity prices selected recursively through a genetic algorithm. The GEA Tracker allows for daily real-time knowledge of international business conditions using a minimum amount of...
Persistent link: https://www.econbiz.de/10013314795
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Did COVID-19 Induce a Reallocation Wave?
Consolo, Agostino; Petroulakis, Filippos - 2022
Recent research has argued that the COVID-19 shock has also brought about a reallocation shock. We examine the evidence for such an occurrence in the United States, taking a broad perspective. We first consider micro data from CPS and JOLTS; there is no noticeable uptick in occupation or sector...
Persistent link: https://www.econbiz.de/10013403176