Showing 1 - 10 of 1,933
strengthening lending practices, encouraging foreign bank participation, improving bank supervision and, above all, a consolidation …
Persistent link: https://www.econbiz.de/10014403807
vector autoregressive method that controls for bank-level characteristics. Using a panel of banks over 1993-2010, the authors … between different macroeconomic aggregates and loan portfolio quality in a multivariate framework as well as through a panel …, and that the effect is fairly similar in magnitude using the multivariate and panel vector autoregressive frameworks. In …
Persistent link: https://www.econbiz.de/10012671098
greater interest rate competition. Lack of bank deposit market power, including through capital account mobility, may lessen …
Persistent link: https://www.econbiz.de/10014399825
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 … aggregate lending. Likewise, the effects of bank recapitalization on loan growth depend on banks' starting capital positions and …
Persistent link: https://www.econbiz.de/10011763618
We show that firms' market power dampens the response of their output to monetary policy shocks, using firm-level data for the United States and a large cross-country firm-level dataset for 14 advanced economies. The estimated impact of a firm's markup on its response to a monetary policy shock...
Persistent link: https://www.econbiz.de/10012605640
This paper studies the impact of declining oil prices on banks in sub-Saharan African oil-exporting countries. Results indicate that banks respond differently to an oil shock depending on their ownership: (i) domestic banks are the most adversely impacted and experience a deterioration in asset...
Persistent link: https://www.econbiz.de/10012102206
This paper analyzes yield spreads on sovereign debt issued by emerging markets using modern data from the 1990s and newly-collected historical data on debt traded in London during 1870–1913, a previous “golden era” for international capital market integration. Applying several empirical...
Persistent link: https://www.econbiz.de/10014403800
Most short-term interest rates in the Euro area are below the European Central Bank deposit facility rate, the rate at … which the central bank remunerates banks' excess reserves. This unexpected development coincided with the start of the …
Persistent link: https://www.econbiz.de/10011978433
The presence of an “EMU premium” in German long rates is tested by examining the co-movement of German and other European yields, as well as the exchange rate of the private ECU, in reaction to EMU-related events. If German yields incorporate an “EMU premium” while other European...
Persistent link: https://www.econbiz.de/10014397813
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014397927