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Cross-border bank flows and monetary policy : implications for Canada
Correa, Ricardo; Paligorova, Teodora; Sapriza, Horacio; … - 2017
Using the Bank for International Settlements (BIS) Locational Banking Statistics data on bilateral bank claims from … 1995 to 2014, we analyze the impact of monetary policy on cross-border bank flows. We find that monetary policy in a source … country is an important determinant of cross-border bank flows. In addition, we find evidence in favor of a cross …
Persistent link: https://www.econbiz.de/10011777908
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Effects of funding portfolios on the credit supply of Canadian banks
Damar, H. Evren; Meh, Césaire Assah; Terajima, Yaz - 2015
This paper studies how banks simultaneously manage the two sides of their balance sheet and its implications for bank … risk taking and real economic activity. First, we analyze how changes in funding affect the supply of bank loans. We then …
Persistent link: https://www.econbiz.de/10010488964
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Monetary policy transmission, bank market power, and wholesale funding reliance
Enkhbold, Amina - 2023 - Last updated: June 12, 2023
I study the impact of banking market concentration and wholesale funding reliance on the transmission of monetary policy shocks to mortgage rates. I empirically demonstrate that in the United States, banks with higher reliance on wholesale funding in concentrated (competitive) deposit markets...
Persistent link: https://www.econbiz.de/10014293351
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Should banks be worried about dividend restrictions?
Schroth, Josef - 2023 - Last updated: September 27, 2023
Countercyclical bank capital requirements have emerged as a popular regulatory tool to help smooth financial cycles …. The idea is to reduce capital requirements when exogenous shocks cause aggregate bank capital to decrease so that …-consistent capital regulation requires that bank capital is rebuilt gradually during financial crises. In particular, banks must be able …
Persistent link: https://www.econbiz.de/10014456622
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Monetary policy transmission through shadow and traditional banks
Enkhbold, Amina - 2024 - Last updated: March 21, 2024
I investigate how monetary policy transmits to mortgage rates via the mortgage market concentration channel for both traditional and shadow banks in the United States from 2009 to 2019. On average, shadow and traditional banks exhibit only a slight disparity in transmitting monetary shocks to...
Persistent link: https://www.econbiz.de/10014512429
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Regulatory requirements of banks and arbitrage in the post-crisis federal funds market
Garratt, Rod; Priazhkina, Sofia - 2022 - Last updated: November 28, 2022
This paper explains the nature of interest rates in the U.S. federal funds market after the 2007-09 financial crisis. We build a model of the over-the-counter lending market that incorporates new aspects of the financial system: abundance of liquidity, different regulatory standards for banks,...
Persistent link: https://www.econbiz.de/10013466133
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Systemic risk and collateral adequacy : evidence from the great crisis
Raykov, Radoslav - 2019
Conventional collateral requirements are highly conservative but are not explicitly designed to deal with systemic risk. This paper explores the adequacy of conventional collateral levels against systemic risk in the Canadian futures market during the 2008 crisis. Our results show that...
Persistent link: https://www.econbiz.de/10012017690
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Non-bank investors and loan renegotiations
Paligorova, Teodora; Santos, João A. C. - 2016
between these vehicles and lead banks. CLOs that have a relationship with the lead bank of the renegotiated loan are strong … fund not only their portion of the loan increase, but also the portion that was supposed to be funded by the lead bank. Our … findings highlight the previously unrecognized role of the growing presence of non-bank lenders in corporate lending. …
Persistent link: https://www.econbiz.de/10011576363
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Cheap but flighty : how global imbalances create financial fragility
Ahnert, Toni; Perotti, Enrico C. - 2015
We analyze how a wealth shift to emerging countries may lead to instability in developed countries. Investors exposed to expropriation risk are willing to pay a safety premium to invest in countries with good property rights. Domestic intermediaries compete for such cheap funding by carving out...
Persistent link: https://www.econbiz.de/10011304762
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Should bank capital regulation be risk sensitive?
Ahnert, Toni; Chapman, James; Wilkins, Carolyn - 2018
We present a simple model to study the risk sensitivity of capital regulation. A banker funds investment with uninsured deposits and costly capital, where capital resolves a moral hazard problem in the banker's choice of risk. Investors are uninformed about investment quality, but a regulator...
Persistent link: https://www.econbiz.de/10011903813