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The Transmission Mechanism of Monetary Policy in Europe : Evidence from Banks' Balance Sheets
Favero, Carlo A.; Giavazzi, Francesco; Flabbi, Luca - 2021
transmission chain by analysing the response of bank loans to the monetary tightening. Our experiment provides evidence on the … not find evidence of a significant response of bank loans to the monetary tightening, which occurred during 1992, in any …
Persistent link: https://www.econbiz.de/10013235277
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Liquidity Requirements, Liquidity Choice and Financial Stability
Diamond, Douglas W. - 2016
We study a modification of the Diamond and Dybvig (1983) model in which the bank may hold a liquid asset, some … depositors see sunspots that could lead them to run, and all depositors have incomplete information about the bank's ability to … survive a run. The incomplete information means that the bank is not automatically incentivized to always hold enough liquid …
Persistent link: https://www.econbiz.de/10012997373
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Credit Risk in the Euro Area
Gilchrist, Simon - 2014
We construct credit risk indicators for euro area banks and non-financial corporations. These are the average spreads on the yield of euro area private sector bonds relative to the yield on German federal government securities of matched maturities. The indicators are also constructed at the...
Persistent link: https://www.econbiz.de/10013055501
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The Sovereign-Bank Diabolic Loop and Esbies
Brunnermeier, Markus K. - 2016
We propose a simple model of the sovereign-bank diabolic loop, and establish four results. First, the diabolic loop can …
Persistent link: https://www.econbiz.de/10012998936
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Liquidity Risk and U.S. Bank Lending at Home and Abroad
Correa, Ricardo; Goldberg, Linda S.; Rice, Tara - 2021
While the balance sheet structure of U.S. banks influences how they respond to liquidity risks, the mechanisms for the effects on and consequences for lending vary widely across banks. We demonstrate fundamental differences across banks without foreign affiliates versus those with foreign...
Persistent link: https://www.econbiz.de/10013224887
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Impacts of the Basle Capital Standard on Japanese Banks' Behavior
Ito, Takatoshi - 2000
This paper examines how the risk based capital standards, the so-called Basle Accord between 1990 and 1993. As the Japanese stock prices fell, banks' latent capital gains, which are part of tier II capital, became smaller. Empirical findings are consistent with a view that banks with lower...
Persistent link: https://www.econbiz.de/10012788984
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Did the Community Reinvestment Act (Cra) Lead to Risky Lending?
Agarwal, Sumit - 2012
Yes, it did. We use exogenous variation in banks' incentives to conform to the standards of the Community Reinvestment Act (CRA) around regulatory exam dates to trace out the effect of the CRA on lending activity. Our empirical strategy compares lending behavior of banks undergoing CRA exams...
Persistent link: https://www.econbiz.de/10013096848
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Does the Geographic Expansion of Bank Assets Reduce Risk?
Goetz, Martin Richard - 2014
We develop a new identification strategy to evaluate the impact of the geographic expansion of bank holding company … (BHC) assets across U.S. metropolitan statistical areas (MSAs) on BHC risk. We find that the geographic expansion of bank …
Persistent link: https://www.econbiz.de/10013039767
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Financial Dampening
Wieland, Johannes - 2016
monetary policy. The theory unifies an endogenous supply of illiquid local loans and risk-sharing among subsidiaries of bank …
Persistent link: https://www.econbiz.de/10012995512
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Bank Capital Redux : Solvency, Liquidity, and Crisis
Jordà, Òscar - 2017
What is the relationship between bank capital, the risk of a financial crisis, and its severity? This paper introduces …
Persistent link: https://www.econbiz.de/10012960153