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resultant credit restriction by turning to other banks. Importantly the bank-lending channel is notably stronger when we account …
Persistent link: https://www.econbiz.de/10011605225
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
Regulation needs effective supervision; but regulated entities may deviate with unobserved actions. For identification, we analyze banks, exploiting ECB’s asset-quality-review (AQR) and supervisory security and credit registers. After AQR announcement, reviewed banks reduce riskier securities...
Persistent link: https://www.econbiz.de/10012214740
resultant credit restriction by turning to other banks. Importantly the bank-lending channel is notably stronger when we account …
Persistent link: https://www.econbiz.de/10003972699
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
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
the security level for each bank in each period, we find that during the crisis, banks with higher trading expertise …
Persistent link: https://www.econbiz.de/10012988697
Banking crises are recurrent phenomena, often induced by ex-ante excessive bank risk-taking, which may be due to … behavioral reasons (over-optimistic banks neglecting risks) and to agency problems between bank shareholders with debt … related to bank insiders' sale of their own bank shares in the period prior to 2006:Q2 (the peak and reversal in real estate …
Persistent link: https://www.econbiz.de/10012992331
We analyse the impact of standard and non-standard monetary policy measures on bank profitability. For empirical … identification, the analysis focuses on the euro area, thereby exploiting substantial bank and country heterogeneity within a … monetary union where the central bank has implemented a broad range of unconventional policies, including quantitative easing …
Persistent link: https://www.econbiz.de/10012945753
-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