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Monetary policy and bank equity values in a time of low and negative interest rates
Ampudia, Miguel; Heuvel, Skander van den - 2019
European bank equity values - an effect that is normally positive - has become negative since interest rates in the euro area …
Persistent link: https://www.econbiz.de/10012182094
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The (unintended?) consequences of the largest liquidity injection ever
Crosignani, Matteo; Faria-e-Castro, Miguel; Fonseca, Luís - 2017
We study the design of lender of last resort interventions and show that the provision of long-term liquidity incentivizes purchases of high-yield short-term securities by banks. Using a unique security-level data set, we find that the European Central Bank's three-year Long-Term Refinancing...
Persistent link: https://www.econbiz.de/10011708229
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The Effectiveness of the Non-Standard Policy Measures During the Financial Crises : The Experiences of the Federal Reserve and the European Central Bank
Carpenter, Seth B. - 2013
A growing number of studies have sought to measure the effects of non-standard policy on bank funding markets. The purpose of this paper is to carry those estimates a step further by looking at the effects of bank funding market stress on the volume of bank lending, using a simultaneous equation...
Persistent link: https://www.econbiz.de/10013078758
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Bank Profitability and Debit Card Interchange Regulation : Bank Responses to the Durbin Amendment
Kay, Benjamin - 2014
The Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 alters the competitive structure of the debit card payment processing industry and caps debit card interchange fees for banks with over $10 billion in assets. Market participants predicted that debit...
Persistent link: https://www.econbiz.de/10013046469
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The Effects of Geographic Expansion on Bank Efficiency
Berger, Allen N. - 2005
We assess the effects of geographic expansion on bank efficiency using cost and profit efficiency for over 7,000 U.S. banks, 1993-1998. We find that parent organizations exercise some control over the efficiency of their affiliates, although this control tends to dissipate with distance to the...
Persistent link: https://www.econbiz.de/10012737695
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How do capital requirements affect loan rates? : evidence from high volatility commercial real estate
Glancy, David; Kurtzman, Robert - 2018
We study how bank loan rates responded to a 50% increase in capital requirements for a subcategory of construction lending, High Volatility Commercial Real Estate (HVCRE). To identify this effect, we exploit variation in the loan terms determining whether a loan is classified as HVCRE and the...
Persistent link: https://www.econbiz.de/10012016595
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Social Externalities of Bank Enforcement Actions : The Case of Minority Lending
An, Byeongchan; Bushman, Robert M.; Kleymenova, Anya; … - 2022
This paper studies the role banking supervision plays in improving access to credit for minorities by investigating how enforcement decisions and orders (EDOs) affect the bank borrower base. We find that, after an EDO's termination, banks significantly increase residential mortgage lending to...
Persistent link: https://www.econbiz.de/10013406092
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Bank Relationships and the Geography of PPP Lending
Glancy, David - 2023
I study how bank relationships affected the timing and geographic distribution of Paycheck Protection Program (PPP) lending. Half of banks' PPP loans went to borrowers within 2 miles of a branch, mostly driven by relationship lending. Firms near less active lenders shifted to fintechs and other...
Persistent link: https://www.econbiz.de/10014354802
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A Global Trade Model for the Euro Area
D'Agostino, Antonello - 2015
We propose a model for analyzing euro area trade based on the interaction between macroeconomic and trade variables … contribution of the most important euro area trading partners (regions) to the aggregate extra euro area developments: we evaluate … the impact of an increase of the external demand from a specific region on the extra euro area trade …
Persistent link: https://www.econbiz.de/10013024832
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Forecast combination for euro area inflation : a cure in times of crisis?
Hubrich, Kirstin; Skudelny, Frauke - 2016
The period of extraordinary volatility in euro area headline inflation starting in 2007 raised the question whether …
Persistent link: https://www.econbiz.de/10011579164