Showing 1 - 10 of 2,093
In this paper, we test the bank lending channel of monetary policy transmission in Sweden. Using a panel of bank … balance sheet data covering the period 1998:M1 to 2003:M6, we test for bank loan supply shifts by segregating banks by asset … affected by monetary policy, which supports the hypothesis of the bank lending channel …
Persistent link: https://www.econbiz.de/10013208445
detailed bank-level data we show how Norwegian and Swedish banks' lending reacts to monetary policy surprises arising abroad …
Persistent link: https://www.econbiz.de/10012661562
Financial intermediation and bank spreads are important elements in the analysis of business cycle transmission and … relationships in the banking sector can lead to indeterminacy of equilibrium forcing the central bank to react to spread movements. …
Persistent link: https://www.econbiz.de/10010321417
We study the bank lending channel in Switzerland over three decades using unbalanced quarterly bank-individual data … spanning 1987 to 2016. In contrast to the usual empirical approach, we take an agnostic stance on which bank characteristic … lending reaction occurring over time in a state-dependent manner. Our results are consistent with the existence of a bank …
Persistent link: https://www.econbiz.de/10012671249
In this paper, we empirically analyze the transmission of realized interest rate risk - the gain or loss in bank … economic capital due to movements in interest rates - to bank lending. We exploit a unique panel data set that contains … a permanent 1 percentage point upward shock in nominal interest rates, the average bank of 2013Q3 would ceteris paribus …
Persistent link: https://www.econbiz.de/10011430117
Evidence on the effects of negative interest rates on bank lending is inconclusive so far. By applying a difference … introduction of a negative deposit facility rate by the European Central Bank led to an increased credit supply by high …
Persistent link: https://www.econbiz.de/10013370159
Bank of the Republic of Macedonia (NBRM), which is complemented with data from banks' balance sheets. By using pooled OLS …, although the effect is relatively small. The results prove to be robust after controlling for several bank, loan and time …
Persistent link: https://www.econbiz.de/10012109774
monetary and macroprudential policy. We show that the regulatory bank's capital requirement has a multiplier effect that … face of both negative demand and bank equity shocks, if such shocks are not highly persistent. As shock persistence …
Persistent link: https://www.econbiz.de/10013364505
The bank lending channel theory posits that during monetary contractions banks restrict some firms' loans, thus … demand. It supports the bank lending channel: they do not voluntarily cut bank loans since they increase a less …
Persistent link: https://www.econbiz.de/10011430008
This paper examines whether bank ownership (public versus private, domestic versus foreign) is correlated with bank … bank managers; evidence is found in support of the former hypothesis. In the case of foreign-owned banks, the paper finds …
Persistent link: https://www.econbiz.de/10010327091