Showing 1 - 10 of 431
Using confidential loan officer survey data on lending standards and internal risk ratings on loans, we document an effect of large-scale asset purchase programs (LSAPs) on lending standards and risk-taking. We exploit cross-sectional variation in banks? holdings of mortgage-backed securities to...
Persistent link: https://www.econbiz.de/10014352384
banking sector. This paper offers unique new insights for U.S. banks by using supervisory data to examine bank …
Persistent link: https://www.econbiz.de/10014352395
banks submit in Term Deposit Facility operations, a Federal Reserve tool created to manage the quantity of bank reserves. We … term deposits qualify for the LCR. These results suggest that liquidity regulation affects bank demand in monetary policy …
Persistent link: https://www.econbiz.de/10011578907
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
matter the relative abundance of reserves, VRT encourage market activity and support the central bank's control over interest … the central bank on market outcomes and (ii) a comparison with the implementation framework currently adopted by the …
Persistent link: https://www.econbiz.de/10011932184
Currently, Eurodollars and fed funds markets combined trade about $220 billion in funds daily, the vast majority of which with overnight tenor. In this paper, we document several features of these wholesale unsecured dollar funding markets. Using daily confidential data on wholesale unsecured...
Persistent link: https://www.econbiz.de/10011803726
This article describes the origins and development of the federal funds market from its inception in the 1920s to the early 1950s. We present a newly digitized daily data series on the federal funds rate from April 1928 through June 1954. We compare the behavior of the funds rate with other...
Persistent link: https://www.econbiz.de/10014048785
This paper studies what determines whether federal and state supervisors examine state banks independently or together. The results suggest that supervisors coordinate examinations in order to support states with lower budgets and capabilities and more banks to supervise. I find that states with...
Persistent link: https://www.econbiz.de/10013118649
experience of the United States during the Great Depression, a period of intense bank distress, to conduct our analysis. We … availability as indicated by the survey. A number of scholars have posited different ways that bank distress constrained credit …. In this study, we find that bank failures had the most dominant impact, but there is also some evidence for the …
Persistent link: https://www.econbiz.de/10013118655
We exploit variation in commercial bank capital ratios across states to identify the impact of commercial bank balance … indicate a lack of substitutes for bank funding both in the short and long run. This lack of substitutes implies a notable … highlight the potential effects that bank balance sheet pressures, for example, from tightening capital adequacy standards, such …
Persistent link: https://www.econbiz.de/10013096073