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Foreign banks and The bank lending channel
Denderski, Piotr; Paczos, Wojciech - 2017
We provide new evidence on the bank lending channel of monetary policy using bank-level data of 440 banks from eleven … CEE transition economies between 1998 and 2012. Our findings are: i) banks adjust their loans to changes in host country …’s monetary policy, ii) foreign-owned banks are less responsive to monetary policy of a host country than domestic-owned banks in …
Persistent link: https://www.econbiz.de/10011689468
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Interest rates or haircuts? : prices versus quantities in the market for collateralized risky loans
Barsky, Robert B.; Bogusz, Theodore; Easton, Matthew - 2016
Markets for risky loans clear on two dimensions - an interest rate (or equivalently a spread above the riskless rate) and a specification of the amount of collateral per dollar of lending. The latter is summarized by the margin or "haircut" associated with the loan. Some key models of endogenous...
Persistent link: https://www.econbiz.de/10011569701
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Understanding bank and nonbank credit cycles : a structural exploration
Durdu, Ceyhun Bora; Zhong, Molin - 2019
We explore the structural drivers of bank and nonbank credit cycles using an estimated medium-scale macro model that allows for bank and nonbank financial intermediation. We posit economy-wide aggregate and sectoral disturbances to potentially drive bank and nonbank credit growth. We find that...
Persistent link: https://www.econbiz.de/10012181042
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Local Versus Aggregate Lending Channels : The Effects of Securitization on Corporate Credit Supply
Jiménez, Gabriel - 2011
While banks may change their credit supply due to bank balance-sheet shocks (the local lending channel), firms can … identify the aggregate (firm-level) effects of the lending channel and estimate the impact of banks' ability to securitize real …
Persistent link: https://www.econbiz.de/10013119808
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Lending relationships and optimal monetary policy
Rocheteau, Guillaume; Wong, Tsz-Nga; Zhang, Cathy - 2018 - This version: April 2018
Persistent link: https://www.econbiz.de/10012050686
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Lending relationships and optimal monetary policy
Bethune, Zachary; Rocheteau, Guillaume; Wong, Tsz-Nga; … - 2020 - This revised version: May 2020
Persistent link: https://www.econbiz.de/10012391179
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Lending relationships and optimal monetary policy
Bethune, Zachary; Rocheteau, Guillaume; Wong, Tsz-Nga; … - In: The review of economic studies : RES 89 (2022) 4, pp. 1833-1872
Persistent link: https://www.econbiz.de/10013349968
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Effectiveness and Channels of Macroprudential Instruments : Lessons from the Euro Area
Tressel, Thierry - 2016
The crisis has highlighted the importance of setting up macro-prudential oversight frameworks, having effective macro-prudential instruments in place to be called upon to mitigate growing financial imbalances as needed. We develop a new approach using the euro area Bank Lending Survey to assess...
Persistent link: https://www.econbiz.de/10012996061
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The Domestic Credit Supply Response to International Bank Deleveraging : Is Asia Different?
Aiyar, Shekhar S. - 2012
During the global financial crisis, European banks contracted foreign claims on recipient economies sharply. This paper …
Persistent link: https://www.econbiz.de/10013097285
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Traditional banks, shadow banks and the US credit boom : credit origination versus financing
Unger, Robert - 2016
transforms existing financial claims against ultimate borrowers that have been originated by traditional banks. Based on … non-financial private sector had been originated by shadow banks. Consequently, dampening credit creation by the …
Persistent link: https://www.econbiz.de/10011456517