Showing 1 - 10 of 44
We turn our attention to the role of money for determining nominal magnitudes. Using US data, we find that the … aggregate “nominal output plus and stock market capitalisation” is closely related to the money stock, lending support to one of … keep a very close eye on money supply if it wants to prevent consumer and/or asset price inflation. …
Persistent link: https://www.econbiz.de/10010206409
bank-level dataset to assess at a quarterly frequency how changes in the U.S. Federal funds rate (before the crisis) and … the existence of a potent global bank lending channel. In response to changes in U.S. monetary conditions, U.S. banks … strongly adjust their cross-border claims in both the pre and post-crisis period. However, we also find that U.S. bank …
Persistent link: https://www.econbiz.de/10011336667
Persistent link: https://www.econbiz.de/10012037874
bank loans to U.S. firms over the period of 1980- 2003. We find that investors react positively to such announcements if …’s headquarters state. Investor reaction is, in fact, the largest when the bank is foreign. Our evidence suggest that investors value … bank identities and reputation seem to matter a great deal. …
Persistent link: https://www.econbiz.de/10011605069
fact, the largest when the bank is foreign. Our evidence suggest that investors value relationships with more competitive … applicable also to the European markets where regulatory and economic borders do not coincide and bank identities and reputation … seem to matter a great deal. -- Relationship banking ; bank organization ; bank origin ; loan announcement return …
Persistent link: https://www.econbiz.de/10003832012
Persistent link: https://www.econbiz.de/10011282002
Persistent link: https://www.econbiz.de/10009659573
Persistent link: https://www.econbiz.de/10010384712
This study is motivated by the development of credit-related instruments and signals of stock price movements of large banks during the recent financial crisis. What is common to most of the empirical studies in this field is that they concentrate on modeling the conditional mean. However,...
Persistent link: https://www.econbiz.de/10008935244
Persistent link: https://www.econbiz.de/10001714421