Showing 1 - 10 of 1,947
unconventional monetary policies on bank lending. We find that euro area banks increase lending to the rest of the world in response …We use a confidential euro area bank-level data set of close to 250 banks to assess outward and inward spillovers of … more on internal capital markets. This suggests that bank-specific supply effects, stemming from banks' increased ability …
Persistent link: https://www.econbiz.de/10011745788
-border lending. Using bank-level data from international financial centres - the United Kingdom, Hong Kong and Ireland - we examine …-centre affiliates. We find that NIRP impairs the bank-lending channel for cross-border lending to non-bank sectors, especially for those … euro-area data, including bank-level data from France, we find that NIRP does not influence overall cross-border lending …
Persistent link: https://www.econbiz.de/10013547998
This paper estimates and compares the international transmission of European Central Bank (ECB) and Federal Reserve … purging them of the bias stemming from contemporaneous central bank information effects. The results suggest that there is a … and financial variables in the rest of the world. …
Persistent link: https://www.econbiz.de/10012216473
banks operating in Italy and France over the period 2000-2015, exploring the existence of an international bank lending …
Persistent link: https://www.econbiz.de/10011959232
standards change in reaction to two specific macroeconomic developments, namely an increase in bank funding costs and a sudden …. Insofar, we provide evidence of heterogeneity in the bank lending channel, depending on the situation of the lenders and the …
Persistent link: https://www.econbiz.de/10014486705
how the transmission depends on bank balance sheets, and how this changes once policy rates become negative. We review the …
Persistent link: https://www.econbiz.de/10012518247
strength of the bank lending channel, recent evidence shows that bank-specific characteristics can have a large impact on the … mechanism particularly in a period of crisis. - Bank lending channel ; monetary policy ; financial innovation …
Persistent link: https://www.econbiz.de/10009006625
develops a simple analytical framework to study the impact of central bank policy-rate changes on banks' credit supply and risk …-taking incentives. Unobservable expost bank monitoring of loans creates an external-financing constraint, which determines bank leverage …. Unobservable, costly ex-ante screening of borrowers determines the level of bank risk-taking. More risk-taking tightens the …
Persistent link: https://www.econbiz.de/10012627882
initial share of bond- relative to bank-based finance; this effect weakens, and may even reverse, in economies with a low … when bank lending contracts. …
Persistent link: https://www.econbiz.de/10012212853
We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro Area and US data. We find that agency problems in financial contracts, liquidity constraints facing banks and shocks that alter the perception of market risk and hit financial...
Persistent link: https://www.econbiz.de/10003973320