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This study investigates the credit channel in the transmission of monetary policy in Germany by means of a structural … displays the reaction of the variables in the system to a monetary policy shock. The main implication of our results is that … the credit channel in Germany appears to be effective, as we find that loan supply effects in addition to loan demand …
Persistent link: https://www.econbiz.de/10009433724
einer Dominanz der Geldpolitik als Angebotsschock erklärt werden. Zu einem großen Teil bleibt die identifizierte …, output decreases in most subsectors after a restrictive monetary shock. The sectors of electrical and electronic equipment … be explained by the fact that monetary policy works mainly as supply shock in some subsectors. But the identified price …
Persistent link: https://www.econbiz.de/10009433722
academics as well as policy makers is credit rationing, but empirically there still remain questions on how big the actual … extent of credit rationing is and how it evolves over bank relationships. In contrast to previous studies, I employ a more … direct indicator of the actual extent of credit rationing, namely the ratio of granted to requested loan amounts, in chapter …
Persistent link: https://www.econbiz.de/10009476202
mortgage or bad credit mortgage, the broad impact of this subprime crisis promotes more concern in the loan lenders, the … borrowers and mortgage-related products like mortgage backed securities. Since credit market is one of the successful … application areas of statistics, we think a better understanding of MBS and its related risk and a more accurate credit risk …
Persistent link: https://www.econbiz.de/10009452579
This paper surveys recent advances in empirical studies of the monetary transmission mechanism (MTM), with special attention to Central and Eastern Europe. In particular, while laying out the functioning of the separate channels in the MTM, it explores possible interrelations between different...
Persistent link: https://www.econbiz.de/10009476887
estimation. Estimation results show significant effect of credit primarily to economic growth in 1989-2008 of North Sumatra …This research titled "Analysis of Influence of Credit and Interest Rate Increase Economic Growth in Disability Sumatera … determine the influence of credit and interest rate of economic growth in 1989-2008 of North Sumatra. This research uses …
Persistent link: https://www.econbiz.de/10009464536
determining short-term interest rates, which moves mainstream macroeconomics closer to Post Keynesian monetary theory. The current …
Persistent link: https://www.econbiz.de/10009467791
To identify credit availability we analyze the extensive and intensive margins of lending with loan applications and … 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/10012530305
acelerador financiero de la política monetaria. ; Direct lenders, non-bank credit intermediaries with low leverage, have become …
Persistent link: https://www.econbiz.de/10012801488
equilibrium, the marginal rate of substitution of cash goods for credit goods depends on the crime rate as well as the nominal … interest rate. Credit may be used when the return on money is not positive. A positive money injection reduces the crime rate … households purchase a greater variety of goods with cash while others purchase a greater variety of goods with credit …
Persistent link: https://www.econbiz.de/10009466028