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We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro Area and US data. We find that agency problems in financial contracts, liquidity constraints facing banks and shocks that alter the perception of market risk and hit financial...
Persistent link: https://www.econbiz.de/10011605238
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We motivate and provide an overview to New Monetarist Economics. We then briefly describe the individual contributions to the Macroeconomics Dynamics special issues on money, credit and liquidity.
Persistent link: https://www.econbiz.de/10010292208
rents already. Thus our results suggest that in the bank-dominated financial system of Germany, in which banks intensely …
Persistent link: https://www.econbiz.de/10010295897
. Business cycle effects, in particular lagged GDP growth, display a substantial procyclical impact on bank profits. These …
Persistent link: https://www.econbiz.de/10010295936
was characterized as a bank-centered economy, but the banking system did not function well in the 1990's. Responding to …
Persistent link: https://www.econbiz.de/10010332333
Trotz Fusionen und Finanzkrise hat sich im Finanzsektor wenig geändert: Der Frauenanteil in den Spitzengremien der großen Banken und Versicherungen in Deutschland blieb auch 2010 auf einem extrem niedrigen Niveau. Innovationspotentiale, die sich aus einer deutlichen Erhöhung des Frauenanteils...
Persistent link: https://www.econbiz.de/10011602291
The study assesses the macro-financial situation of Belarus. It analyses the Belarus financial sector, with a specific look at the banking sector. Moreover this study explores the private sector financing environment. In particular the study investigates the SMEs segment and looks at the needs...
Persistent link: https://www.econbiz.de/10011948362
Germany's capital market relies on bank-intermediated products and not so much on capital market processes. Two of the … public guarantees. In the financing of firms, bank credits are far more important relative to market products - equity and …
Persistent link: https://www.econbiz.de/10010265410
We provide the first empirical tests for financial protectionism, defined as a nationalistic change in bank's lending … foreigners. We use a bank-level panel data set spanning all British and foreign banks providing loans within the United Kingdom …
Persistent link: https://www.econbiz.de/10010277873