Showing 1 - 10 of 311
-run growth. The paper explores an additional challenge, for monetary policy. Although they expand bank balance sheets, providing …
Persistent link: https://www.econbiz.de/10011445365
More than two years ago the European Central Bank (ECB) adopted a negative interest rate policy (NIRP) to achieve its …, interest rate cuts also weigh on bank profitability. Substantial rate cuts may at some point outweigh the benefits from higher …
Persistent link: https://www.econbiz.de/10012977791
financial accelerator, where bank balance sheets do not play a prominent role, and GIMF with both a financial accelerator and a …
Persistent link: https://www.econbiz.de/10013016607
This paper asks whether the BoJ''s recent experience with unconventional monetary easing has been effective in supporting economic activity and inflation. Using a structural VAR model, the paper finds some evidence that BoJ''s monetary policy measures during 1998-2010 have had an impact on...
Persistent link: https://www.econbiz.de/10014396895
With policy rates near the zero bound, the Bank of Japan (BoJ) has introduced a series of unconventional monetary …
Persistent link: https://www.econbiz.de/10014412167
these operations. Despite a vast literature on the topic, central bank approaches and practices vary considerably. In this …
Persistent link: https://www.econbiz.de/10011436788
Persistent link: https://www.econbiz.de/10010388739
This paper investigates the transmission of monetary policy by private banks in Brazil during the recent easing cycle. The analysis presented uses a panel dataset with information on lending by private banks in Brazil and concludes that monetary transmission through lending volumes was not...
Persistent link: https://www.econbiz.de/10013060547
This paper investigates the transmission of monetary policy by private banks in Brazil during the recent easing cycle. The analysis presented uses a panel dataset with information on lending by private banks in Brazil and concludes that monetary transmission through lending volumes was not...
Persistent link: https://www.econbiz.de/10012667409
This paper studies the transmission of bank capital shocks to loan supply in Indonesia. A series of theoretically … aggregate lending. Likewise, the effects of bank recapitalization on loan growth depend on banks' starting capital positions and …
Persistent link: https://www.econbiz.de/10011763618