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Unconventional monetary policy, bank lending, and security holdings : the yield-induced portfolio rebalancing channel
Paludkiewicz, Karol - 2018
data on bank-specific TLTRO uptakes, my results do not seem to be driven by alternative, liquidity-driven transmission …
Persistent link: https://www.econbiz.de/10011874277
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Unconventional Monetary Policy, Bank Lending, and Security Holdings : The Yield-Induced Portfolio Rebalancing Channel
Paludkiewicz, Karol - 2019
data on bank-specific TLTRO uptakes, my results do not seem to be driven by alternative, liquidity-driven transmission …
Persistent link: https://www.econbiz.de/10012898444
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Optimal unconventional monetary policy in the face of shadow banking
Kirchner, Philipp; Schwanebeck, Benjamin - 2017
. Liquidity facilities are the welfare-maximizing unconventional policy tool. The effectiveness of unconventional measures …
Persistent link: https://www.econbiz.de/10011671242
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Unconventional Monetary Policy, Bank Lending, and Security Holdings : The Yield-Induced Portfolio Rebalancing Channel
Paludkiewicz, Karol - 2018
alternative, liquidity-driven transmission channels …
Persistent link: https://www.econbiz.de/10012914660
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Going below zero - how do banks react?
Michaelis, Henrike - 2022
Exploiting confidential data on individual German bank balance-sheets, I analyse what characterises a bank that opts to apply negative interest rates to corporate deposits. The results suggest that banks that are highly exposed to the negative interest rate policy (NIRP), i.e. funded by a larger...
Persistent link: https://www.econbiz.de/10013361902
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Banks, Sovereign Risk and Unconventional Monetary Policies
Auray, Stéphane - 2018
We develop a two-country model with an explicitly microfounded interbank market and sovereign default risk. Calibrated to the core and the periphery of the Euro Area, the model gives rise to a debt-banks-credit loop that substantially amplifies the effects of financial shocks, especially for the...
Persistent link: https://www.econbiz.de/10012907113
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Liquidity, term spreads and monetary policy
Aksoy, Yunus; Basso, Henrique S. - 2012
profitability of banks' portfolios affect their ability to cover for any liquidity shortage and hence influence the premium they … liquidity shock leads to a sharp decrease in long-term rates and term spreads. Third, such interventions have significant impact … on long-term investment, decreasing the amplitude of output responses after a liquidity shock. The short-term rate does …
Persistent link: https://www.econbiz.de/10010290138
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The impact of ECBs conventional and unconventional monetary policies on European banking indexes returns
Perdichizzi, Salvatore - 2017
This paper investigates how conventional and unconventional monetary policies announcements affect European banking indexes returns through an event-study analysis. We use data of 11 European banking indexes for the periods 1999-2015. We examine the state dependency of such effects and focus on...
Persistent link: https://www.econbiz.de/10011776487
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Quantitative Easing Policy and Moral Hazard Behaviour of U.S. Banks
Guizani, Brahim - 2022
time; while in the first round, investors viewed the liquidity and the share of loans as the main determinants of the …
Persistent link: https://www.econbiz.de/10013297387
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Unconventional Monetary Policy and Bank Lending Relationships
Cahn, Christophe - 2019
How do banks transmit long-term central bank liquidity injections to borrowers? We exploit unique variation in how the … to SMEs, an elusive policy objective. (ii) We uncover important heterogeneity: banks pass through LTRO liquidity very … differently to multi- bank firms than they do to firms with only one bank. (iii) Differences in liquidity transmission map to …
Persistent link: https://www.econbiz.de/10012900335