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Regulatory solutions to bank loans procyclicality: Is the cure worse than the illness?
Balzarotti, Verónica; Anastasi, Alejandra - 2010
The impact of the business cycle on banks' internally generated cash flow is an important driver in the pro-cyclical dynamics of the traditional banking business and yet the issue has been understated in the discussion on counter-cyclical regulations. Considerable attention has been given to the...
Persistent link: https://www.econbiz.de/10010325091
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Government support of banks and bank lending
Bassett, William F.; Demiralp, Selva; Lloyd, Nathan - 2016
financial institutions and support credit availability have invited heated debate. This paper comprehensively reviews empirical …
Persistent link: https://www.econbiz.de/10011696308
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What we learn from China's rising shadow banking: Exploring the nexus of monetary tightening and banks' role in entrusted lending
Chen, Kaiji; Ren, Jue; Zha, Tao - 2016
We argue that China's rising shadow banking was inextricably linked to potential balancesheet risks in the banking system. We substantiate this argument with three didactic findings: (1) commercial banks in general were prone to engage in channeling risky entrusted loans; (2) shadow banking...
Persistent link: https://www.econbiz.de/10011776811
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China pro-growth monetary policy and its asymmetric transmission
Chen, Kaiji; Higgins, Patrick; Waggoner, Daniel F.; Zha, Tao - 2016
China monetary policy, as well as its transmission, is yet to be understood by researchers and policymakers. In the spirit of Taylor (1993, 2000), we develop a tractable framework that approximates practical monetary policy of China. The framework, grounded in relevant institutional elements,...
Persistent link: https://www.econbiz.de/10011776819
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The effect of credit scoring on small business lending in low- and moderate-income areas
Frame, W. Scott; Padhi, Michael; Woosley, Lynn - 2001
This paper empirically examines the effect of the use of credit scoring by large banking organizations on small … authors estimate that credit scoring increases small business lending by $16.4 million per LMI area served. Furthermore, this … that credit scoring increases the probability that a large banking organization will make small business loans in a given …
Persistent link: https://www.econbiz.de/10010397587
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The diffusion of financial innovations: an examination of the adoption of small business credit scoring by large banking organizations
Akhavein, Jalal; Frame, W. Scott; White, Lawrence J. - 2001
recent important innovation of the 1990s: banks’ use of credit scoring for small business lending. The authors examine the … responses of 95 large banking organizations to a survey that asked whether they had adopted credit scoring for small business … tobit models to explain the diffusion pattern of small business credit scoring models. Explanatory variables include several …
Persistent link: https://www.econbiz.de/10010397634
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Remittances, entrepreneurship, and employment dynamics over the business cycle
Finkelstein Shapiro, Alan; Mandelman, Federico S. - 2014
We incorporate remittances and microentrepreneurship (self-employment) into a small openeconomy business cycle model with capital and labor market frictions. Countercyclical remittances moderate the decline of households' consumption during recessions. These remittances also are used to finance...
Persistent link: https://www.econbiz.de/10011310189
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Selection effects in producer-price setting
Carlsson, Mikael - 2014
We use micro data on product prices linked to information on the firms that set them to test for selection effects (state dependence) in micro-level producer pricing. In contrast to using synthetic data from a canonical menu-cost model, we find very weak, if any, micro-level selection effects...
Persistent link: https://www.econbiz.de/10011396726
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Emerging market business cycles revisited: learning about the trend
Boz, Emine; Daude, Christian; Durdu, C. Bora - 2011
We build an equilibrium business cycle model in which agents cannot perfectly distinguish between the permanent and transitory components of TFP shocks and learn about those components using the Kalman filter. Calibrated to Mexico, the model predicts a higher variability of consumption relative...
Persistent link: https://www.econbiz.de/10010273643
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Institutions and business cycles
Altug, Sumru; Emin, Mustafa; Neyapti, Bilin - 2011
This paper investigates the relationship between the main business cycles features and the institutional and structural characteristics of countries in which they are observed. We derive the business cycle characteristics of the individual countries using the nonparametric Harding-Pagan...
Persistent link: https://www.econbiz.de/10010273647