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Understanding bank and nonbank credit cycles : a structural exploration
Durdu, Ceyhun Bora; Zhong, Molin - 2019
We explore the structural drivers of bank and nonbank credit cycles using an estimated medium-scale macro model that … allows for bank and nonbank financial intermediation. We posit economy-wide aggregate and sectoral disturbances to … potentially drive bank and nonbank credit growth. We find that sectoral shocks affecting the balance sheets of entrepreneurs who …
Persistent link: https://www.econbiz.de/10012181042
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Benchmarking operational risk stress testing models
Curti, Filippo; Migueis, Marco; Stewart, Robert T. - 2018
The Federal Reserve's Comprehensive Capital Analysis and Review (CCAR) requires large bank holding companies (BHCs) to … median bank range from the 90th percentile to above the 99th percentile of the operational loss distribution …
Persistent link: https://www.econbiz.de/10012181176
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How does the interaction of macroprudential and monetary policies affect cross-border bank lending?
Takáts, Előd; Temesvary, Judit - 2019 - This draft: May 2019
-border bank lending outflows from UK banks. Vice-versa, easier macroprudential policy amplifies impacts. The results are …
Persistent link: https://www.econbiz.de/10012181321
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Can macroprudential measures make cross-border lending more resilient? : lessons from the taper tantrum
Takáts, Előd; Temesvary, Judit - 2017
slowdown of cross-border bank lending to some jurisdictions. We use a novel dataset combining the BIS Stage 1 enhanced banking … the non-bank sector in general. Source (lending) banking system measures do not affect bilateral lending flows, nor do … macroprudential tools to mitigate international shock transmission through cross-border bank lending …
Persistent link: https://www.econbiz.de/10011803740
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The effect of banks' financial position on credit growth : evidence from OECD countries
Rappoport, David E. - 2016
This paper presents empirical evidence on the effect of banks' financial position on credit growth using a sample of 29 OECD countries. The failure of the exogeneity assumption of explanatory variables is addressed using dynamic panel type instruments. The empirical results show that among...
Persistent link: https://www.econbiz.de/10011579142
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Policy uncertainty and bank mortgage credit
Kara, Gazi I.; Yook, Youngsuk - 2019
We document that banks reduce supply of jumbo mortgage loans when policy uncertainty increases as measured by the timing of US gubernatorial elections in banks' headquarter states. The reduction is larger for more uncertain elections. We utilize high-frequency, geographically granular loan data...
Persistent link: https://www.econbiz.de/10012182102
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The effect of bank supervision on risk taking : evidence from a natural experiment
Kandrac, John; Schlusche, Bernd - 2017
In this paper, we exploit a natural experiment in which thrifts in several states witnessed an exogenous reduction in supervisory attention to assess the effect of supervision on financial institutions' willingness to take risk. We show that the affected institutions took on much more risk than...
Persistent link: https://www.econbiz.de/10011710132
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Why are banks not recapitalized during crises?
Crosignani, Matteo - 2017
, in the context of the eurozone periphery, the increase in domestic government bond holdings, the reduction of bank credit …
Persistent link: https://www.econbiz.de/10011710170
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Employment in the Great Recession : how important were household credit supply shocks?
García, Daniel - 2018
I pool data from all large multimarket lenders in the U.S. to estimate how many of the over seven million jobs lost in the Great Recession can be explained by reductions in the supply of mortgage credit. I construct a mortgage credit supply instrument at the county level, the weighted average...
Persistent link: https://www.econbiz.de/10012016542
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The rise of shadow banking : evidence from capital regulation
Irani, Rustom M.; Iyer, Rajkamal; Meisenzahl, Ralf R.; … - 2018
We investigate the connections between bank capital regulation and the prevalence of lightly regulated nonbanks (shadow …
Persistent link: https://www.econbiz.de/10011932226