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Financial factors in economic fluctuations
Christiano, Lawrence; Rostagno, Massimo; Motto, Roberto - 2010
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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Bank heterogeneity and monetary policy transmission
Brissimis, Sophocles N.; Delis, Manthos D. - 2010
this policy through banks. This paper examines the role of bank liquidity, capitalization and market power as internal … monetary policy change on bank performance is also considered. The empirical analysis, using large panel datasets for the … rates by disaggregating down to the individual bank level. This is achieved by the use of a Local GMM technique that also …
Persistent link: https://www.econbiz.de/10011605279
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Liquidity, term spreads and monetary policy
Aksoy, Yunus; Basso, Henrique S. - 2012
use the model to look at monetary policy and show that allowing banks to sell long-term assets to the central bank after a …
Persistent link: https://www.econbiz.de/10010290138
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The role of securitization in mortgage renegotiation
Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2011
% of the U.S. mortgage market. Exploiting within-servicer variation in these data, we find that bank-held loans are 26% to …, modifications of bank-held loans are more efficient: conditional on a modification, bank-held loans have lower post …
Persistent link: https://www.econbiz.de/10010292147
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Bank mergers and the dynamics of deposit interest rates
Craig, Ben R.; Dinger, Valeriya - 2008
impact of bank mergers on deposit rates. In particular, results on the dynamics of deposit rates surrounding bank mergers … vary substantially across studies. In this paper, we aim for a comprehensive empirical analysis of a bank merger's impact … monthly frequency for the time period 1997-2006. These data are matched with individual bank and local market characteristics …
Persistent link: https://www.econbiz.de/10010295939
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The Determinants of Capital Structure: Some Evidence from Banks
Heider, Florian; Gropp, Reint E. - 2008
bank. The results suggest that capital requirements may only be of second-order importance for banks? capital structures …
Persistent link: https://www.econbiz.de/10010298024
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Banking globalization, monetary transmission and the lending channel
Cetorelli, Nicola; Goldberg, Linda S. - 2008
The globalization of banking in the United States is influencing the monetary transmission mechanism both domestically and in foreign markets. Using quarterly information from all U.S. banks filing call reports between 1980 and 2005, we find evidence for the lending channel for monetary policy...
Persistent link: https://www.econbiz.de/10010298734
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Determinanten des deutschen Kreditzinsniveaus
Schäfer, Stefan; Weistroffer, Christian - In: Wirtschaftsdienst 87 (2007) 9, pp. 600-606
Seit Mitte der 90er Jahre liegt das deutsche Kreditzinsniveau über dem Durchschnitt der EWU. Worauf ist diese Entwicklung zurückzuführen? Sind die deutschen Banken weniger effizient? Liegt der Zinsunterschied an den hohen Refinanzierungskosten? Gibt es in Deutschland mehr Kreditausfälle,...
Persistent link: https://www.econbiz.de/10010303563
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Wider den Regulierungsreflex
Pfingsten, Andreas - In: Wirtschaftsdienst 87 (2007) 10, pp. 635-640
Nachdem die Immobilienkrise in den USA auch Deutschland erreicht und die IKB Deutsche Industriebank AG sowie die sächsische Landesbank Sachsen LB in Schwierigkeiten gebracht hat, werden Forderungen laut, die Banken stärker zu regulieren. Was sind die Ursachen für die Schwierigkeiten der...
Persistent link: https://www.econbiz.de/10010303614
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Hold-up in multiple banking: Evidence from SME lending
Brunner, Antje; Krahnen, Jan Pieter - 2010
estimation. The analysis allows to distinguish between rents that accrue due to single bank lending, rents that accrue due to …
Persistent link: https://www.econbiz.de/10010303753