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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
contract their balance sheets. These bank responses generate externalities that propagate in the form of macro … macro-financial feedback loops can significantly affect macroeconomic outcomes and bank-specific stress tests results. The … heterogeneity in bank lending responses matters: it determines how each bank fares under adverse conditions and the external effects …
Persistent link: https://www.econbiz.de/10012829700
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
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
This paper assesses the benefits and risks associated with dollarization of the banking system. We provide novel empirical evidence on the determinants of dollarization, its role in promoting financial development, and on whether dollarization is associated with financial instability. We find...
Persistent link: https://www.econbiz.de/10014399533
This paper proposes a stylized sequencing of banking supervision and bank restructuring measures designed to complement … because the initial cost of bank restructuring can be offset, partly, through the budgetary effects of improved enterprise …
Persistent link: https://www.econbiz.de/10014395923
In this paper, we develop a methodology to assess potential losses to the government that could arise from bank …
Persistent link: https://www.econbiz.de/10011446332
In this paper, we develop a methodology to assess potential losses to the government that could arise from bank …
Persistent link: https://www.econbiz.de/10012998795
This paper surveys markets for corporate debt securities in the major industrial countries and the international markets. The discussion includes a comparison of the sizes of the markets for various products, as well as the key operational, institutional, and legal features of primary and...
Persistent link: https://www.econbiz.de/10014396233
Persistent link: https://www.econbiz.de/10009747213