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. In this paper, we bring new evidence using Uganda's supervisory credit register, with microdata on loan applications … credit supply---increasing loan application rejections and tightening loan volume and rates---especially for banks with more …
Persistent link: https://www.econbiz.de/10012901740
We identify the international credit channel of monetary policy by analyzing the universe of corporate loans in Mexico … European and U.S. banks. The robust results show that a softening of foreign monetary policy increases the supply of credit of … suggesting an international risk-taking channel of monetary policy. All in all, the results suggest spillovers of core …
Persistent link: https://www.econbiz.de/10011719200
the distribution of risk via credit supply. For identification, we exploit exhaustive US loan-level data since the 1990s …, higher policy rates increase risk-taking, as less-regulated, fragile nonbanks -in all credit markets- expand supply to …, borrowerlender relationships and Gertler-Karadi monetary policy shocks. Higher policy rates shift credit supply from banks to …
Persistent link: https://www.econbiz.de/10013259697
We document the redistributive effects of monetary policy on labor market outcomes via the credit channel. For … identification, we exploit matched administrative datasets in Portugal — employee-employer and credit registers — and monetary policy … do not find any redistributive effects for firms without bank credit …
Persistent link: https://www.econbiz.de/10013212001
) productive firms than firms with high ex ante credit risk, except for banks with low capital. … evolution of bank credit. We use a unique loanlevel dataset comprising multiple credit registers from several European countries … and different types of loans, including corporate loans, mortgages and consumer credit. We merge this rich information …
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