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Monetary Policy at Work : Security and Credit Application Registers Evidence
Peydró, José-Luis - 2020
bank lending and risk-taking channels of monetary policy by exploiting – Italian's unique – credit and security registers …
Persistent link: https://www.econbiz.de/10012854350
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Macroprudential Policy, Countercyclical Bank Capital Buffers and Credit Supply : Evidence from the Spanish Dynamic Provisioning Experiments
Jiménez, Gabriel - 2012
, and modified in 2005 and 2008. The resultant bank-specific shocks to capital buffers, combined with the financial crisis … from comprehensive bank-, firm-, loan-, and loan application-level data suggest that countercyclical capital buffers help …
Persistent link: https://www.econbiz.de/10013099438
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Macroprudential Policy, Countercyclical Bank Capital Buffers and Credit Supply : Evidence from the Spanish Dynamic Provisioning Experiments
Jiménez, Gabriel - 2015
, which implies pro-cyclical bank capital regulation. Introduced in Spain in 2000, revised four times and tested in its …
Persistent link: https://www.econbiz.de/10013036935
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Macroprudential policy, countercyclical bank capital buffers and credit supply : evidence from the Spanish dynamic provisioning experiments
Jiménez, Gabriel; Ongena, Steven; Peydró, José-Luis; … - 2012
, and modified in 2005 and 2008. The resultant bank-specific shocks to capital buffers, combined with the financial crisis … from comprehensive bank-, firm-, loan-, and loan application-level data suggest that countercyclical capital buffers help …
Persistent link: https://www.econbiz.de/10011590554
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Negative monetary policy rates and systemic banks' risk-taking : evidence from the euro area securities register
Bubeck, Johannes; Maddaloni, Angela; Peydró, José-Luis - 2020
the introduction of negative deposit rates by the European Central Bank in June 2014 and a novel securities register for …
Persistent link: https://www.econbiz.de/10012206320
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Bank Risk-Taking, Securitization, Supervision, and Low Interest Rates : Evidence from Lending Standards
Peydró, José-Luis - 2011
We analyze the root causes of the current crisis by studying the determinants of bank lending standards in the Euro … Area using the answers from the confidential Bank Lending Survey, where national central banks request quarterly …-term interest rates on bank risk-taking, even when we instrument securitization. Moreover, short-term rates – directly and in …
Persistent link: https://www.econbiz.de/10013133801
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Nonbanks, banks, and monetary policy : U.S. loan-level evidence since the 1990s
Elliott, David; Meisenzahl, Ralf R.; Peydró, José-Luis; … - 2022
We show that nonbanks (funds, shadow banks, fintech) affect the transmission of monetary policy to output, prices and the distribution of risk via credit supply. For identification, we exploit exhaustive US loan-level data since the 1990s, borrowerlender relationships and Gertler-Karadi monetary...
Persistent link: https://www.econbiz.de/10013259697
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Who truly bears (bank) taxes? : evidence from only shifting statutory incidence
Jiménez, Gabriel; Martinez-Miera, David; Peydró, … - 2020
We show strong overall and heterogeneous economic incidence effects, as well as distortionary effects, of only shifting statutory incidence (i.e., the agent on which taxes are levied), without any tax rate change. For identification, we exploit a tax change and administrative data from the...
Persistent link: https://www.econbiz.de/10012668346
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Nonbanks, banks, and monetary policy : U.S. loan-level evidence since the 1990s
Elliott, David; Meisenzahl, Ralf R.; Peydró, José-Luis; … - 2020
-regulated, more fragile nonbanks. The bank-to-nonbank shift largely neutralizes total credit and associated consumption effects for …
Persistent link: https://www.econbiz.de/10012425891
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Nonbanks, Banks, and Monetary Policy : U.S. Loan-Level Evidence since the 1990s
Elliott, David; Meisenzahl, Ralf; Peydró, José-Luis; … - 2022
We show that nonbanks (funds, shadow banks, fintech) affect the transmission of monetary policy to output, prices and the distribution of risk via credit supply. For identification, we exploit exhaustive US loan-level data since the 1990s, borrower-lender relationships and Gertler-Karadi...
Persistent link: https://www.econbiz.de/10013405400