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How successful are banking sector reforms in emerging market economies? : evidence from impact of monetary policy on levels and structures of firm debt in India
Bhaumik, Sumon Kumar; Kutan, Ali Mustafa; Majumdar, Sudipa - 2016
that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings. …
Persistent link: https://www.econbiz.de/10011493763
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BigTech credit, small business, and monetary policy transmission : theory and evidence
Huang, Yiping; Li, Xiang; Qiu, Han; Su, Dan; Yu, Changhua - Leibniz-Institut für Wirtschaftsforschung Halle - 2024 - This version: 22.04.2024
This paper provides both theoretical and empirical analyses of the differences between BigTech lenders and traditional banks in response to monetary policy changes. Our model integrates Knightian uncertainty into portfolio selection and posits that BigTech lenders possess a diminishing...
Persistent link: https://www.econbiz.de/10014517651
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Monetary policy, credit institutions and the bank lending channel in the euro area
Altavilla, Carlo; Andreeva, Desislava Č.; Boucinha, Miguel - 2019
As the euro area has a predominantly bank-based financial system, changes in the composition and strength of banks’ balance sheets can have very sizeable implications for the transmission of monetary policy. This paper provides an overview of developments in banks’ balance sheets,...
Persistent link: https://www.econbiz.de/10012009071
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The impact of interest rate risk on bank lending
Beutler, Toni; Bichsel, Robert; Bruhin, Adrian; Danton, … - 2015
In this paper, we empirically analyze the transmission of realized interest rate risk - the gain or loss in bank economic capital due to movements in interest rates - to bank lending. We exploit a unique panel data set that contains supervisory information on the repricing maturity profiles of...
Persistent link: https://www.econbiz.de/10011396762
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The effect of targeted monetary policy on bank lending
Laine, Olli-Matti - In: Journal of banking and financial economics 1 (2021) 15, pp. 25-43
provides natural instrumental variables and a proxy for credit demand. Unlike previous papers, this paper studies the effects …
Persistent link: https://www.econbiz.de/10012887834
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Heterogeneity in corporate debt structures and the transmission of monetary policy
Holm-Hadulla, Fédéric; Thürwächter, Claire - 2020
find that: bond finance dampens the overall response of firm credit to monetary policy shocks in economies with a high …
Persistent link: https://www.econbiz.de/10012212853
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BigTech credit and monetary policy transmission : micro-level evidence from China
Huang, Yiping; Li, Xiang; Qiu, Han; Yu, Changhua - 2023
by a BigTech bank with those made by traditional banks, it finds that BigTech credit amplifies monetary policy … transmission mainly through the extensive margin. Specifically, the BigTech bank is more likely to grant credit to new borrowers …
Persistent link: https://www.econbiz.de/10014248716
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BigTech credit and monetary policy transmission : micro-level evidence from China
Huang, Yiping; Li, Xiang; Qiu, Han; Yu, Changhua - Leibniz-Institut für Wirtschaftsforschung Halle - 2022
bank grants credit to more new borrowers compared with conventional banks in response to expansionary monetary policy. The … changes in monetary policy. Overall, BigTech credit amplifies monetary policy transmission mainly through the extensive margin …
Persistent link: https://www.econbiz.de/10013336395
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The bank-lending channel of monetary policy transmission in a dual banking system : empirical evidence from panel VAR modeling
Boukhatem, Jamel; Djelassi, Mouldi - In: Cogent economics & finance 10 (2022) 1, pp. 1-24
This paper applied the panel VAR approach and the Impulse Response Functions to investigate the differences in the monetary transmission processes of Islamic and conventional banks using disaggregated bank-level data for Saudi Arabia over the period 2008Q1-2020Q4. Our findings show that: i)...
Persistent link: https://www.econbiz.de/10013400126
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The role of banks in the transmission of monetary policy
Peek, Joe; Rosengren, Eric S. - 2013 - Version of: September 9, 2013
The transmission of monetary policy, especially in light of recent events, has received increased attention, especially with respect to the efficacy of the bank lending channel. This paper summarizes the issues associated with isolating the bank lending channel and determining the extent to...
Persistent link: https://www.econbiz.de/10010126905