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Capital Controls, Corporate Debt and Real Effects : Evidence from Boom and Crisis Times
Fabiani, Andrea; Lopéz Piñeros, Martha; Peydró, … - 2023
crises. Exploiting a tax on foreign-currency (FX) debt inflows in Colombia before the Global Financial Crisis (GFC) and …
Persistent link: https://www.econbiz.de/10014354355
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Capital Controls, Domestic Macroprudential Policy and the Bank Lending Channel of Monetary Policy
Fabiani, Andrea; López-Piñeros, Martha; Peydró, … - In: Journal of International Economics 139 (2022) November 2022, pp. --
We study how capital controls and domestic macroprudential policy tame credit supply booms, either directly or by enhancing the local bank-lending channel of monetary policy. We exploit credit registry data and the introduction of capital controls on foreign exchange (FX) debt inflows and...
Persistent link: https://www.econbiz.de/10013554691
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Nonbank lenders as global shock absorbers: Evidence from US Monetary Policy spillovers
Elliott, David; Meisenzahl, Ralf R.; Peydró, José-Luis - 2023
We show that nonbank lenders act as global shock absorbers from US monetary policy spillovers. We exploit loan-level data from the global syndicated lending market and US monetary policy surprises. When US policy tightens, nonbanks increase dollar credit supply to non-US firms (relative to...
Persistent link: https://www.econbiz.de/10014480720
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Nonbank lenders as global shock absorbers : evidence from US Monetary Policy spillovers
Elliott, David; Meisenzahl, Ralf R.; Peydró, José-Luis - 2023
We show that nonbank lenders act as global shock absorbers from US monetary policy spillovers. We exploit loan-level data from the global syndicated lending market and US monetary policy surprises. When US policy tightens, nonbanks increase dollar credit supply to non-US firms (relative to...
Persistent link: https://www.econbiz.de/10014335622
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Nonbank lenders as global shock absorbers : evidence from US monetary policy spillovers
Elliott, David; Meisenzahl, Ralf; Peydró, José-Luis - 2023
We show that nonbank lenders act as global shock absorbers from US monetary policy spillovers. For identification, we exploit loan‑level data from the global syndicated lending market and US monetary policy surprises. We find that when US monetary policy tightens, nonbanks increase dollar...
Persistent link: https://www.econbiz.de/10014355993
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Capital Controls, Domestic Macroprudential Policy and the Bank Lending Channel of Monetary Policy
Fabiani, Andrea; Lopéz Piñeros, Martha; Peydró, … - 2023
We study how capital controls and domestic macroprudential policy tame credit supply booms, respectively targeting foreign and domestic bank debt. For identification, we exploit the simultaneous introduction of capital controls on foreign exchange (FX) debt inflows and an increase of reserve...
Persistent link: https://www.econbiz.de/10014354226
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Bank risk-taking, securitization, supervision and low interest rates: Evidence from the euro area and the U.S. lending standards
Maddaloni, Angela; Peydró, José-Luis - 2010
-term interest rates do not soften lending standards. Finally, countries with softer lending standards before the crisis related to … origins of the crisis and have important policy implications. …
Persistent link: https://www.econbiz.de/10011605294
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Heterogeneous transmission mechanism: monetary policy and financial fragility in the euro area
Ciccarelli, Matteo; Maddaloni, Angela; Peydró, José-Luis - 2013
affected the transmission mechanism of the single Euro area monetary policy during the crisis until the end of 2011. The … crisis, especially in countries facing increased sovereign financial distress. This amplification mechanism, moreover …
Persistent link: https://www.econbiz.de/10011605572
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Monetary policy, macroprudential policy and banking stability: evidence from the euro area
Maddaloni, Angela; Peydró, José-Luis - 2013
crisis, and of the provision of central bank liquidity during the crisis. Exploiting the euro area institutional setting for … monetary and prudential policy and using the Bank Lending Survey, we show that in the period prior to the crisis, in an … policies on either bank capital or loan-to-value ratios. After the start of the 2008 crisis, we find that low monetary rates …
Persistent link: https://www.econbiz.de/10011605605
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The real estate and credit bubble: Evidence from Spain
Akin, Ozlem; García Montalvo, José; García Villar, Jaume - In: SERIEs - Journal of the Spanish Economic Association 5 (2014) 2/3, pp. 223-243
We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched dataset on mortgage loans in Spain. The dataset contain real estate credit and price conditions (loan principal and spread, and the appraisal and market price) at the mortgage level, matched with...
Persistent link: https://www.econbiz.de/10011650287