Showing 1 - 10 of 1,127
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/10012671100
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/10011716311
The form of bounded rationality characterizing the representative agent is key in the choice of the optimal monetary policy regime. While inflation targeting prevails for myopia that distorts agents' inflation expectations, price level targeting emerges as the optimal policy under myopia...
Persistent link: https://www.econbiz.de/10012102200
-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
We examine trends in bank competition since the early 2000s. The Lerner index-arguably the most commonly used measure …
Persistent link: https://www.econbiz.de/10012612344
We reconsider the design of welfare-optimal monetary policy when financing frictions impair the supply of bank credit …
Persistent link: https://www.econbiz.de/10012392579
The recent fnancial 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 …
Persistent link: https://www.econbiz.de/10011716558
In this paper, we investigate how negative interest rate policy (NIRP) introduced in January 2016 by the Bank of Japan …
Persistent link: https://www.econbiz.de/10011878753
in the GCC. We use bank-level panel data, exploiting variation across banks within countries, to isolate the impact of ….S. monetary policy to liability rates than to asset rates and bank profitability, largely reflecting funding structures. In … addition, we explore the role of shifts in the quantity of bank liabilities as policy rates change and the role of large banks …
Persistent link: https://www.econbiz.de/10012154990
pronounced when either initial bank capitalization is thin or when monetary policy is tight. Moreover, in the face of credit …
Persistent link: https://www.econbiz.de/10014401996