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Bank Debt in Europe 'Are Funding Models Broken'

Le Leslé, Vanessa - 2013

The crisis in Europe has underscored the vulnerability of European bank funding models compared to international peers …. This paper studies the drivers behind this fragility and examines the future of bank funding, primarily wholesale, in … possible policy options and bank actions to enhance European bank funding models' robustness …

Persistent link: https://www.econbiz.de/10013085997

Emerging Market Corporate Leverage and Global Financial Conditions

Alter, Adrian - 2017

Corporate debt in emerging markets has risen significantly in recent years amid accommodative global financial conditions. This paper studies the relationship of leverage growth in emerging market (EM) firms to U.S. monetary conditions, and more broadly, to global financial conditions. We find...

Persistent link: https://www.econbiz.de/10012962158

Pushed Past the Limit? How Japanese Banks Reacted to Negative Interest Rates

Hong, Gee Hee - 2018

In this paper, we investigate how negative interest rate policy (NIRP) introduced in January2016 by the Bank of Japan …

Persistent link: https://www.econbiz.de/10012913933

What's Different About Monetary Policy Transmission in Remittance-Dependent Countries?

Barajas, Adolfo - 2016

-run growth. The paper explores an additional challenge, for monetary policy. Although they expand bank balance sheets, providing …

Persistent link: https://www.econbiz.de/10012995201

Banks in the Global Integrated Monetary and Fiscal Model

Andrle, Michal - 2015

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

What's Different About Bank Holding Companies?

Chami, Ralph - 2017

The recent financial crisis highlighted the role of Bank Holding Companies (BHCs) in exacerbating the crisis and in … monetary policy and market innovations on bank behavior in the presence of Basel III type regulations. To our knowledge, this … trading business, and show that regulations that target bank governance can mitigate possible rogue trading and the over …

Persistent link: https://www.econbiz.de/10012950372

Bank of Japan’s Quantitative and Credit Easing : Are They Now More Effective?

Berkmen, Pelin - 2012

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/10013111414

Optimal Simple Objectives for Monetary Policy When Banks Matter

Laureys, Lien; Meeks, Roland; Wanengkirtyo, Boromeus - 2021

We reconsider the design of welfare-optimal monetary policy when financing frictions impair the supply of bank credit …

Persistent link: https://www.econbiz.de/10013252039

Non-Financial Corporate Debt in Advanced Economies, 2010-17

Almeida, Luiza Antoun de - 2020

This paper studies the evolution of non-financial corporate debt among publicly listed companies in major advanced economies between 2010 and 2017. Since 2010, firms have started to rely more on corporate bond markets and have used part of their debt to increase their holdings of cash. In our...

Persistent link: https://www.econbiz.de/10012827582

Pouring Oil on Fire : Interest Deductibility and Corporate Debt

Dallari, Pietro - 2019

This paper investigates the role of tax incentives towards debt finance in the buildup of leverage in the nonfinancial corporate (NFC) sector, using a large firm-level dataset. We find that so-called debt bias is a significant driver of leverage, for both small and medium-sized enterprises and...

Persistent link: https://www.econbiz.de/10012895074