Showing 1 - 10 of 112
This study examines empirically the information content of the euro area Bank Lending Survey for aggregate credit and … output growth. The responses of the lending survey, especially those related to loans to enterprises, are a significant … results are supportive of the existence of a bank lending, balance sheet, and risk-taking channel of monetary policy. They …
Persistent link: https://www.econbiz.de/10009640399
confidential database on banks’ bilateral exposure and employing a country-pair panel instrumental variables approach. Countries …
Persistent link: https://www.econbiz.de/10009640319
resultant credit restriction by turning to other banks. Importantly the bank-lending channel is notably stronger when we account …To identify credit availability we analyze the extensive and intensive margins of lending with loan applications and … reduce loan granting, especially to firms or from banks with lower capital or liquidity ratios. Moreover, responding to …
Persistent link: https://www.econbiz.de/10009640362
This paper aims to shed light on the characteristics and particularly the determinants of credit-less recoveries. After building a dataset and documenting some stylised facts of credit-less recoveries in emerging market economies, this paper uses panel probit models to analyse key determinants...
Persistent link: https://www.econbiz.de/10009640847
the supply side of bank lending. The financial turmoil starting in mid-2007 had detrimental consequences for banks … empirical evidence presented suggests that banks’ ability and willingness to supply loans affects overall bank lending activity … examines the impact of supply constraints on bank lending in the euro area with a special focus on this turmoil period. The …
Persistent link: https://www.econbiz.de/10009640278
We study the effect of interbank market integration on small firm finance in the build-up to the 2007-2008 financial crisis. We use a comprehensive data set that contains contract terms on individual loans to 6,047 firms across 14 European countries between 1998:01 and 2005:12. We account for...
Persistent link: https://www.econbiz.de/10009640288
We study the effect of financial distress in foreign parent banks on local SME financing in 14 central and eastern … financial assets. We also find that foreign banks transmit to Main Street a larger portion of similar financial shocks than … domestic banks. The observed decline in credit is greater among high-risk firms and firms with fewer tangible assets. …
Persistent link: https://www.econbiz.de/10009640337
Area and US data. We find that agency problems in financial contracts, liquidity constraints facing banks and shocks that …
Persistent link: https://www.econbiz.de/10009640348
evidence for the existence of a bank lending channel of monetary policy transmission in the euro area. In addition, and in … financial crisis erupting in mid-2007 which led to the need for banks to delever their balance sheets and possibly to reduce …
Persistent link: https://www.econbiz.de/10009640409
We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete …
Persistent link: https://www.econbiz.de/10009635892