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Mitigating the Deadly Embrace in Financial Cycles : Countercyclical Buffers and Loan-to-Value Limits
Beneš, Jaromír - 2016
This paper presents a new version of MAPMOD (Mark II) to study the effectiveness of macroprudential regulations. We extend the original model by explicitly modeling the housing market. We show how household demand for housing, house prices, and bank mortgages are intertwined in what we call a...
Persistent link: https://www.econbiz.de/10012977752
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Delegated Portfolio Management, Benchmarking, and the Effects on Financial Markets
Igan, Deniz - 2015
in the correlation between markets (financial contagion); (ii) benchmark inclusion increases price volatility; (iii) home …
Persistent link: https://www.econbiz.de/10013013820
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Credit Growth in Latin America : Financial Development or Credit Boom?
Hansen, Niels-Jakob Harbo - 2013
Banking credit to the private sector in Latin America has on average increased by 7 percent of GDP from primo 2004 to ultimo 2011, with real credit in some countries growing by up to 20 percent per year. This paper documents and analyzes the patterns of credit growth in 18 countries in Latin...
Persistent link: https://www.econbiz.de/10013080862
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Dynamic Fuel Price Pass-Through : Evidence from a New Global Retail Fuel Price Database
Kpodar, Kangni - 2017
This paper assesses the dynamic pass-through of crude oil price shocks to retail fuel prices using a novel database on … crude oil prices per liter translates into a 1.2 cent increase in the retail gasoline price at peak level six months after … to two cents in advanced economies. The results also show that positive oil price shocks have a larger impact than …
Persistent link: https://www.econbiz.de/10012962161
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Copper and the Chilean Economy, 1960-98
Spilimbergo, Antonio - 2021
The paper concludes that world copper prices play an important role in short-term fluctuations and probably influence … copper price boom, the higher copper price and associated capital inflows create upward pressure on the real exchange rate …
Persistent link: https://www.econbiz.de/10013321367
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Bank Behavior in Response to Basel III : A Cross-Country Analysis
Cosimano, Thomas F. - 2011
This paper investigates the impact of the new capital requirements introduced under the Basel III framework on bank lending rates and loan growth. Higher capital requirements, by raising banks' marginal cost of funding, lead to higher lending rates. The data presented in the paper suggest that...
Persistent link: https://www.econbiz.de/10013124072
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Fiscal Consolidation and the Cost of Credit : Evidence from Syndicated Loans
Agca, Senay - 2013
price the short-term recessionary effects in loans but large consolidations can reduce or undo the increase in spreads …
Persistent link: https://www.econbiz.de/10013086310
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Risk Taking and Interest Rates : Evidence from Decades in the Global Syndicated Loan Market
Lee, Seung Jung - 2017
We study how low interest rates in the United States affect risk taking in the market of cross-border leveraged corporate loans. To the extent that actions of the Federal Reserve affect U.S. interest rates, our analysis provides evidence of a cross-border spillover effect of monetary policy. We...
Persistent link: https://www.econbiz.de/10012961476
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How Effective is Macroprudential Policy? Evidence from Lending Restriction Measures in EU Countries
Poghosyan, Tigran - 2019
This paper assesses the effectiveness of lending restriction measures, such as loan-to-value and debt-service-to-income ratios, in affecting developments in house prices and credit. We use data on 99 lending standard restrictions implemented in 28 EU countries over 1990-2018. The results suggest...
Persistent link: https://www.econbiz.de/10012889146
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Borrowing Costs and the Role of Multilateral Development Banks : Evidence from Cross-Border Syndicated Bank Lending
Gurara, Daniel - 2019
Cross-border bank lending is a growing source of external finance in developing countries and could play a key role for infrastructure financing. This paper looks at the role of multilateral development banks (MDBs) on the terms of syndicated loan deals, focusing on loan pricing. The results...
Persistent link: https://www.econbiz.de/10012895120