Similar Search Results

Monetary Transmission Through Bank Securities Portfolios

Greenwald, Daniel; Krainer, John; Paul, Pascal - National Bureau of Economic Research - 2024

We study the transmission of monetary policy through bank securities portfolios using granular supervisory data on U.S. bank securities, hedging positions, and corporate credit. Banks that experienced larger losses on their securities during the 2022-2023 monetary tightening cycle extended less...

Persistent link: https://www.econbiz.de/10014544727

The Deposit Business at Large vs. Small Banks

Avernas, Adrien d'; Eisfeldt, Andrea L.; Huang, Can; … - National Bureau of Economic Research - 2023

The deposit business differs at large versus small banks. We provide a parsimonious model and extensive empirical evidence supporting the idea that much of the variation in deposit-pricing behavior between large and small banks reflects differences in "preferences and technologies." Large banks...

Persistent link: https://www.econbiz.de/10014436996

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...

Persistent link: https://www.econbiz.de/10012456621

Bank Branch Density and Bank Runs

Benmelech, Efraim; Yang, Jun; Zator, Michal - National Bureau of Economic Research - 2023

deposits, but those large deposits inflows took the form of "hot money" that changed its course when economic conditions …

Persistent link: https://www.econbiz.de/10014322849

Beyond the Balance Sheet Model of Banking : Implications for Bank Regulation and Monetary Policy

Buchak, Greg - 2018

Bank balance sheet lending is commonly viewed as the predominant form of lending. We document and study two margins of adjustment that are usually absent from this view using microdata in the $10 trillion U.S. residential mortgage market. We first document the limits of the shadow bank...

Persistent link: https://www.econbiz.de/10012480801

Bank Market Power and Monetary Policy Transmission : Evidence from a Structural Estimation

Wang, Yifei - 2020

We quantify the impact of bank market power on monetary policy transmission through banks to borrowers. We estimate a dynamic banking model in which monetary policy affects imperfectly competitive banks' funding costs. Banks optimize the pass-through of these costs to borrowers and depositors,...

Persistent link: https://www.econbiz.de/10012481840

Banking Globalization, Monetary Transmission, and the Lending Channel

Cetorelli, Nicola - 2008

The globalization of banking in the United States is influencing the monetary transmission mechanism both domestically and in foreign markets. Using quarterly information from all U.S. banks filing call reports between 1980 and 2005, we find evidence for the lending channel for monetary policy...

Persistent link: https://www.econbiz.de/10012464544

Money in a Theory of Banking

Diamond, Douglas W. - 2003

We explore the connection between money, banks, and aggregate credit. We start with a simple real' model without money … then introduce money in this model. We show that if demand deposits are repayable in money rather than in goods, banks can …, reducing the real value of the deposits banks have to pay out. But demand deposits payable in money can expose the banks to new …

Persistent link: https://www.econbiz.de/10012468624

Monetary Policy and Bank Lending

Kashyap, Anil - 1993

goals: 1) to explain why it is important to distinguish between the lending and "money" views of policy transmission; 2) to …

Persistent link: https://www.econbiz.de/10012474641

Why are Banks Exposed to Monetary Policy?

Tella, Sebastian Di - 2017

We propose a model of banks' exposure to movements in interest rates and their role in the transmission of monetary shocks. Since bank deposits provide liquidity, higher interest rates allow banks to earn larger spreads on deposits. Therefore, if risk aversion is higher than one, banks' optimal...

Persistent link: https://www.econbiz.de/10012453637