Showing 1 - 10 of 1,518
find that: bond finance dampens the overall response of firm credit to monetary policy shocks in economies with a high …
Persistent link: https://www.econbiz.de/10012212853
when banks do not, their own stress can trigger a contractionary credit supply effect for firms. …
Persistent link: https://www.econbiz.de/10014490474
Do borrowers demand less credit from banks with weak balance sheet positions? To answer this question we use novel bank … conventional monetary policy shock, bank balance sheet strength influences not only credit supply but also credit demand. The … resilience of lenders plays an important role for firms when selecting whom to borrow from. We also assess the impact on credit …
Persistent link: https://www.econbiz.de/10011929805
Bank market power, both in the loan and deposit market, has important implications for credit provision and for … offer demandable contracts. This structure allows us to review the literature on the role of market power for credit …
Persistent link: https://www.econbiz.de/10014484222
credit growth is used to capture cyclical exuberance and calibrate buffer requirements, it depends on potentially … heterogeneous dynamics on the borrower and lender sides. By decomposing credit growth into a common component and components … capturing heterogeneity in supply and demand à la Amiti and Weinstein, 2018 applied on the euro area credit register ("AnaCredit …
Persistent link: https://www.econbiz.de/10013332880
with the pandemic response measures, banks' ability to supply credit would have been severely affected. The results also … measures in supporting liquidity conditions and helping to sustain the flow of credit to the private sector. Finally, we …
Persistent link: https://www.econbiz.de/10012271571
Do negative policy rates hinder banks' transmission of monetary policy? To answer this question, we examine the behaviour of Italian mortgage lenders using a novel loan-level dataset. When policy rates turn negative, banks with higher ratios of retail overnight deposits to total assets charge...
Persistent link: https://www.econbiz.de/10011975610
In this paper, we survey the nascent literature on the transmission of negative policy rates. We discuss the theory of how the transmission depends on bank balance sheets, and how this changes once policy rates become negative. We review the growing evidence that negative policy rates are...
Persistent link: https://www.econbiz.de/10012518247
develops a simple analytical framework to study the impact of central bank policy-rate changes on banks' credit supply and risk … increase. Credit market competition plays an important role for the interplay of monetary policy and financing s tability. When … framework to discuss the literature on how monetary policy affects the credit supply of banks, with special emphasis on low and …
Persistent link: https://www.econbiz.de/10012627882
We assess whether central bank credit operations influence the size and composition of bank credit in a negative … interest rate environment. We exploit confidential information from the newly established European credit registry to capture … credit easing measures had a strong positive effect on bank credit, even when controlling for possible confounding factors …
Persistent link: https://www.econbiz.de/10013285962