Narrow search
Showing 1 - 10 of 3,443
Cover Image
Economic Policy Uncertainty and the Credit Channel : Aggregate and Bank Level U.S. Evidence Over Several Decades
Bordo, Michael D. - 2016
first examine the impact of economic policy uncertainty on aggregate bank credit growth. Then we analyze commercial bank … macroeconomic controls, economic policy uncertainty affected bank level credit growth, and (ii) whether there is variation in the … on bank credit growth. Since this impact varies meaningfully with some bank characteristics – particularly the overall …
Persistent link: https://www.econbiz.de/10012997906
Cover Image
Lending Booms, Reserves, and the Sustainability of Short-Term Debt : Inferences from the Pricing of Syndicated Bank Loans
Eichengreen, Barry - 2000
banks in providing credit to smaller borrowers about whom information is least complete and, more generally, support the …
Persistent link: https://www.econbiz.de/10012788956
Cover Image
The History and Economics of Safe Assets
Gorton, Gary B. - 2016
Safe assets play a critical role in an(y) economy. A “safe asset” is an asset that is (almost always) valued at face value without expensive and prolonged analysis. That is, by design there is no benefit to producing (private) information about its value. And this is common knowledge....
Persistent link: https://www.econbiz.de/10012993225
Cover Image
Big Banks and Macroeconomic Outcomes : Theory and Cross-Country Evidence of Granularity
Bremus, Franziska - 2013
fluctuations in the credit supply when the banking sector is highly concentrated. We empirically assess the relevance of these … concentration is associated with a positive and significant relationship between bank-level credit growth and aggregate growth of … credit or gross domestic product …
Persistent link: https://www.econbiz.de/10013081202
Cover Image
Cross-Border Prudential Policy Spillovers : How Much? How Important? Evidence from the International Banking Research Network
Buch, Claudia M. - 2016
The development of macroprudential policy tools has been one of the most significant changes in banking regulation in recent years. In this multi-study initiative of the International Banking Research Network, researchers from fifteen central banks and two international organizations use...
Persistent link: https://www.econbiz.de/10012978107
Cover Image
Implicit and Explicit Commitment in Credit and Saving Contracts : A Field Experiment
Afzal, Uzma - 2019
microfinance institution. We offer a commitment contract inspired by the rotating structure of a ROSCA. Additional treatments test … contracts. We find substantial demand for both credit and savings contracts but no demand for additional commitment features …
Persistent link: https://www.econbiz.de/10012871152
Cover Image
Long-Run Price Elasticities of Demand for Credit : Evidence from a Countrywide Field Experiment in Mexico
Karlan, Dean S. - 2014
The long-run price elasticity of demand for credit is a key parameter for intertemporal modeling, policy levers, and … number of borrowers is also elastic. Credit bureau data does not show evidence of crowd-out. Competitors do not respond by …
Persistent link: https://www.econbiz.de/10013063760
Cover Image
Syndicated Loan Spreads and the Composition of the Syndicate
Lim, Jongha - 2012
The past decade has seen significant changes in the structure of the corporate lending market, with non-bank institutional investors playing larger roles than they historically have played. These non-bank institutional lenders typically have higher required rates of return than banks, but invest...
Persistent link: https://www.econbiz.de/10013100992
Cover Image
How Much Do Idiosyncratic Bank Shocks Affect Investment? Evidence from Matched Bank-Firm Loan Data
Amiti, Mary - 2013
We show that supply-side financial shocks have a large impact on firms' investment. We develop a new methodology to separate firm-borrowing shocks from bank-supply shocks using a vast sample of matched bank-firm lending data. We decompose aggregate loan movements in Japan for the period 1990 to...
Persistent link: https://www.econbiz.de/10013085124
Cover Image
Bank Liquidity, Credit Supply, and the Environment
Levine, Ross - 2018
We evaluate the impact of the credit conditions facing corporations on their emissions of toxic air pollutants … that positive shocks to credit conditions reduce corporate pollution …
Persistent link: https://www.econbiz.de/10012925897