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Supply-Side Policies and the Zero Lower Bound

Fernández-Villaverde, Jesús - 2011

This paper examines how supply-side policies may play a role in fighting a low aggregate demand that traps an economy at the zero lower bound (ZLB) of nominal interest rates. Future increases in productivity or reductions in mark-ups triggered by supply-side policies generate a wealth effect...

Persistent link: https://www.econbiz.de/10013119105

Macroprudential Policy : Its Effects and Relationship to Monetary Policy

Suh, Hyunduk - 2012

This paper examines the interactions of macroprudential policy and monetary policy in a New Keynesian DSGE model with financial frictions. Macroprudential policy can stabilize credit cycles. However, a macroprudential instrument that aims to stabilize a specific segment of the credit market can...

Persistent link: https://www.econbiz.de/10013097295

Nonlinear Adventures at the Zero Lower Bound

Fernández-Villaverde, Jesús - 2012

Motivated by the recent experience of the U.S. and the Eurozone, we describe the quantitative properties of a New Keynesian model with a zero lower bound (ZLB) on nominal interest rates, explicitly accounting for the nonlinearities that the bound brings. Besides showing how such a model can be...

Persistent link: https://www.econbiz.de/10013106907

Corporate Governance Structure and Mergers

Brewer, Elijah - 2010

also the case that research on banks in this area has not received adequate attention. The authors model controls for risk … characteristics of the target banks, the deal characteristics, and the economic environment. Their results are robust. They support …

Persistent link: https://www.econbiz.de/10013138830

Getting Rid of Paper : Savings from Check 21

Humphrey, David B. - 2012

2010. In addition, payment collection times and associated float fell dramatically for collecting banks and payees with …

Persistent link: https://www.econbiz.de/10013105575

Private Liquidity and Banking Regulation

Monnet, Cyril - 2012

We show that the regulation of bank lending practices is necessary for the optimal provision of private liquidity. In an environment in which bankers cannot commit to repay their creditors, we show that neither an unregulated banking system nor narrow banking can provide the socially efficient...

Persistent link: https://www.econbiz.de/10013106520

Credit Access and Credit Performance after Consumer Bankruptcy Filing : New Evidence

Jagtiani, Julapa - 2013

This paper uses a unique data set to shed new light on the credit availability and credit performance of consumer bankruptcy filers. In particular, our data allow us to distinguish between Chapter 7 and Chapter 13 bankruptcy filings, to observe changes in credit demand and supply explicitly, to...

Persistent link: https://www.econbiz.de/10013081474

Fintech Lending : Financial Inclusion, Risk Pricing, and Alternative Information

Jagtiani, Julapa - 2017

Fintech has been playing an increasing role in shaping financial and banking landscapes. Banks have been concerned …

Persistent link: https://www.econbiz.de/10012951661

The Impacts of Financial Regulations : Solvency and Liquidity in the Post-Crisis Period

Baker, Colleen - 2017

(HQLAs) are the binding constraints at large U.S. banks, especially for banks that are active in capital markets activities …. Banks have been holding more CET1 and a larger share of Level 1 HQLAs since the financial crisis of 2007 to 2009. We also … capital markets banks. The Basel III regulatory capital ratios appear to have little direct influence on spreads …

Persistent link: https://www.econbiz.de/10012957864

Market Discipline in the Secondary Bond Market : The Case of Systemically Important Banks

Elyasiani, Elyas - 2017

We investigate the association between the yields on debt issued by U.S. systemically important banks (SIBs) and their …

Persistent link: https://www.econbiz.de/10012960833