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This paper offers a comprehensive comparison of the structure of banking and financial markets in the euro area. Based on this, several hypotheses about the role of banks in monetary policy transmission are developed. Many of the predictions that have been proposed for the U.S. are deemed...
Persistent link: https://www.econbiz.de/10013134951
Persistent link: https://www.econbiz.de/10012991292
ergibt, dass die Geldpolitik das Bankkreditangebot beeinflußt, wobei die Stärke dieses Effekts über Banken in Abhängigkeit …
Persistent link: https://www.econbiz.de/10011419463
ways to transfer credit risk have tended to diminish the informational content of standard bank balance-sheet indicators … characterized by lower expected default frequency are able to offer a larger amount of credit and to better insulate their loan …
Persistent link: https://www.econbiz.de/10013153223
smooth transmission of credit to borrowers. While results from the years prior to the crisis often cast doubts on the … provision of credit. We show that new factors, such as changes in banks' business models and market funding patterns, had …
Persistent link: https://www.econbiz.de/10013067908
smooth transmission of credit to borrowers. While results from the years prior to the crisis often cast doubts on the … provision of credit. We show that new factors, such as changes in banks' business models and market funding patterns, had …
Persistent link: https://www.econbiz.de/10013126858
smooth transmission of credit to borrowers. While results from the years prior to the crisis often cast doubts on the … provision of credit. We show that new factors, such as changes in banks' business models and market funding patterns, had …
Persistent link: https://www.econbiz.de/10009006625
This paper analyses the effectiveness of monetary policy on bank lending in a low interest rate environment. Based on a sample of 108 large international banks, our empirical analysis suggests that reductions in short-term interest rates are less effective in stimulating bank lending growth when...
Persistent link: https://www.econbiz.de/10012962059
Central banks of major advanced economies have maintained a very accommodative monetary policy stance in the last few years. However, concerns have surfaced that the transmission of low policy rates to lending rates has been weaker than in the past. Has the transmission of policy rates to...
Persistent link: https://www.econbiz.de/10013031305
This paper investigates the relationship between short-term interest rates and bank risk. Using a unique database that includes quarterly balance sheet information for listed banks operating in the European Union and the United States in the last decade, we find evidence that unusually low...
Persistent link: https://www.econbiz.de/10014196758