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The Impact of the Basel III Liquidity Regulations on the Bank Lending Channel: A Luxembourg case study
Giordana, Gaston; Schumacher, Ingmar - Central Bank of Luxembourg - 2011
the Net Stable Funding Ratio (NSFR), on the bank lending channel in Luxembourg. For this aim we built, based on individual … bank data, time series of the LCR and NSFR for a sample of banks covering between 82% and 100% of total assets of the … estimated shortfalls in both the LCR and NSFR. We find a significant role for the bank lending channel in Luxembourg which …
Persistent link: https://www.econbiz.de/10009283380
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The Real Effects of Bank Capital Requirements
Brun, M.; Fraisse, H.; Thesmar, D. - Banque de France - 2013
We measure the impact of bank capital requirements on corporate borrowing and business activity. We use loan-level data and take advantage of the transition from Basel 1 to Basel 2. While under Basel 1 the capital charge was the same for all firms, under Basel 2, it depends in a predictable way...
Persistent link: https://www.econbiz.de/10010929767
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Local versus aggregate lending channels: the effects of securitization on corporate credit supply
Jiménez, Gabriel; Mian, Atif; Peydró, José-Luis; … - Banco de España - 2011
While banks may change their credit supply due to bank balance-sheet shocks (the local lending channel), firms can react by adjusting their sources of financing in equilibrium (the aggregate lending channel). We provide a methodology to identify the aggregate (firm-level) effects of the lending...
Persistent link: https://www.econbiz.de/10009319591
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The Real Effects of Bank Capital Requirements
Brun, Matthieu; Fraisse, Henri; Thesmar, David - HEC Paris (École des Hautes Études Commerciales) - 2013
We measure the impact of bank capital requirements on corporate borrowing and expansion. We use French loan-level data and take advantage of the transition from Basel I to Basel II. While under Basel I the capital charge was the same for all firms, under Basel II, it depends in a predictable way...
Persistent link: https://www.econbiz.de/10010832928
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Did the EBA Capital Exercise Cause a Credit Crunch in the Euro Area?
Mésonnier, J-S.; Monks, A. - Banque de France - 2014
We exploit a unique monthly dataset of bank balance sheets to document the lending behaviour of euro area banks that were subject to the EBA's 2011/12 Capital Exercise. This exercise was announced in October 2011 and required large European banking groups to meet a higher Tier 1 capital ratio by...
Persistent link: https://www.econbiz.de/10010815982
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Credit Supply: Identifying Balance-Sheet Channels with Loan Applications and Granted Loans
Jiménez, Gabriel; Ongena, Steven; Peydró, José Luis; … - C.E.P.R. Discussion Papers - 2010
To identify credit availability we analyze the extensive and intensive margins of lending with loan applications and all loans granted in Spain. We find that both worse economic and tighter monetary conditions reduce loan granting, especially to firms or from banks with lower capital or...
Persistent link: https://www.econbiz.de/10008530365
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A Financial System Perspective on Japan's Experience in the Late 1980s
Hattori, Masazumi; Shin, Hyun Song; Takahashi, Wataru - Institute for Monetary and Economic Studies, Bank of Japan - 2009
This paper revisits the events of the 1980s bubble in Japan in light of the lessons learned from the subprime crisis in the United States. Our focus is on the role played by sectoral developments in the financial system in Japan. We highlight the transformation of a subset of non-financial firms...
Persistent link: https://www.econbiz.de/10005003217
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The real estate and credit bubble: Evidence from Spain
Akin, Ozlem; Montalvo, José Garcia; Villar, Jaume Garcia; … - Department of Economics and Business, Universitat … - 2014
We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched dataset on mortgage loans in Spain. The dataset contain real estate credit and price conditions (loan principal and spread, and the appraisal and market price) at the mortgage level, matched with...
Persistent link: https://www.econbiz.de/10010796201
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The Real Estate and Credit Bubble: Evidence from Spain
Akin, Ozlem; Montalvo, José G.; Villar, Jaume García; … - Barcelona Graduate School of Economics (Barcelona GSE) - 2014
We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched dataset on mortgage loans in Spain. The dataset contain real estate credit and price conditions (loan principal and spread, and the appraisal and market price) at the mortgage level, matched with...
Persistent link: https://www.econbiz.de/10010796239
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TARP funds distribution and bank loan supply
Li, Lei - In: Journal of Banking & Finance 37 (2013) 12, pp. 4777-4792
This paper investigates the determinants of the Troubled Asset Relief Program (TARP) funds distribution to banks and the stimulus effect of TARP investments on credit supply in the economy. Using banks’ political and regulatory connections as instruments, this paper finds that TARP investments...
Persistent link: https://www.econbiz.de/10010709464