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Assessing macro-financial risks of household debt in China
Han, Fei; Jurzyk, Emilia; Guo, Wei; He, Yun; Rendak, Nadia - 2019
High household indebtedness could constrain future consumption growth and increase financial stability risks. This … paper uses household survey data to analyze both macroeconomic and finanical stability risks from the rapidly rising … household debt in China. We find that rising household indebtedness could boost consumption in the short term, while reducing it …
Persistent link: https://www.econbiz.de/10012154904
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Financial amplification of labor supply shocks
Biljanovska, Nina; Vardoulakis, Alexandros P. - 2020
/subsidy and a labor tax/subsidy. Labor shocks, such as the COVID-19 shock, amplify the policy responses, which critically depend …
Persistent link: https://www.econbiz.de/10012302066
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Credit Constraints, Productivity Shocks and Consumption Volatility in Emerging Economies
Bhattacharya, Rudrani - 2013
greater household access to finance smooths consumption. Evidence from emerging markets, where consumption is usually more …
Persistent link: https://www.econbiz.de/10014395178
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Aggregate uncertainty and the supply of credit
Valencia, Fabian - 2013
Persistent link: https://www.econbiz.de/10010233734
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Macro-financial linkages in Egypt : a panel analysis of economic shocks and loan portfolio quality
Love, Inessa; Turk Ariss, Rima - 2013
find that a positive shock to capital inflows and growth in gross domestic product improves banks’ loan portfolio quality …
Persistent link: https://www.econbiz.de/10012671098
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International fiscal-financial spillovers : the effect of fiscal shocks on cross-border bank lending
Choi, Sangyup; Furceri, Davide; Yoon, Chansik - 2019
This paper sheds new light on the degree of international fiscal-financial spillovers by investigating the effect of domestic fiscal policies on cross-border bank lending. By estimating the dynamic response of U.S. cross-border bank lending towards the 45 recipient countries to exogenous...
Persistent link: https://www.econbiz.de/10012102123
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Housing price, credit, and output cycles : how domestic and external shocks impact Lithuania’s credit
Ioannou, Iacovos - 2018
Lithuania's current credit cycle highlights the strong link between housing prices and credit. We explore this relationship in more detail by analyzing the main features of credit, housing price, and output cycles in Baltic and Nordic countries during1995-2017. We find a high degree of...
Persistent link: https://www.econbiz.de/10011878703
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Bank capital and lending : an extended framework and evidence of nonlinearity
Catalán, Mario; Hoffmaister, Alexander W.; Harun, … - 2017
This paper studies the transmission of bank capital shocks to loan supply in Indonesia. A series of theoretically founded dynamic panel data models are estimated and find nonlinear effects of capital on loan growth: the response of weaker banks to changes in their capital positions is larger...
Persistent link: https://www.econbiz.de/10011763618
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Banks and Monetary Shocks in Emerging Markets : How Far Can We Go with the ""Credit View""?
Catão, Luis - 2000
This paper examines the propagation of monetary shocks in a two-good optimizing macromodel where domestic banking activity is costly and the non-tradable sector is highly dependent on domestic bank credit, as in most emerging market economies. The model develops the Bernanke-Blinder “credit...
Persistent link: https://www.econbiz.de/10014399715
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Aggregate Uncertainty and the Supply of Credit
Valencia, Fabian - 2013
Recent studies show that uncertainty shocks have quantitatively important effects on the real economy. This paper examines one particular channel at work: the supply of credit. It presents a model in which a bank, even if managed by risk-neutral shareholders and subject to limited liability, can...
Persistent link: https://www.econbiz.de/10014394461