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Monetary policy, credit institutions and the bank lending channel in the euro area
Altavilla, Carlo; Andreeva, Desislava Č.; Boucinha, Miguel - 2019
As the euro area has a predominantly bank-based financial system, changes in the composition and strength of banks’ balance sheets can have very sizeable implications for the transmission of monetary policy. This paper provides an overview of developments in banks’ balance sheets,...
Persistent link: https://www.econbiz.de/10012009071
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What drives bank coverage ratios : evidence from the euro area
Alessi, Lucia; Bruno, Brunella; Carletti, Elena; … - 2019
We analyse micro and macro drivers of coverage ratios in a cross–country sample of euro area banks. Among the former, we find that coverage ratios increase with the reliance on deposit funding and when asset quality is very poor. Among the latter, coverage ratios increase with GDP growth and...
Persistent link: https://www.econbiz.de/10012058355
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Monetary and macroprudential policy complementarities : evidence from European credit registers
Altavilla, Carlo; Laeven, Luc; Peydró, José-Luis - 2020
evolution of bank credit. We use a unique loanlevel dataset comprising multiple credit registers from several European countries … and different types of loans, including corporate loans, mortgages and consumer credit. We merge this rich information …) productive firms than firms with high ex ante credit risk, except for banks with low capital. …
Persistent link: https://www.econbiz.de/10012390482
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Do Non-Performing Loans Matter for Bank Lending and the Business Cycle in Euro Area Countries?
Huljak, Ivan - 2020
We contribute to the empirical literature on the impact of non-performing loan (NPL) ratios on aggregate banking sector variables and the macroeconomy by estimating a panel Bayesian VAR model for twelve euro area countries. The model is estimated assuming a hierarchical prior that allows for...
Persistent link: https://www.econbiz.de/10012833967
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Do non-performing loans matter for bank lending and the business cycle in euro area countries?
Huljak, Ivan; Martin, Reiner; Moccero, Diego; Pancaro, … - 2020
We contribute to the empirical literature on the impact of non-performing loan (NPL) ratios on aggregate banking sector variables and the macroeconomy by estimating a panel Bayesian VAR model for twelve euro area countries. The model is estimated assuming a hierarchical prior that allows for...
Persistent link: https://www.econbiz.de/10012216605
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Bank Risk-Taking, Securitization, Supervision and Low Interest Rates : Evidence from the Euro Area and the U.S. Lending Standards
Maddaloni, Angela - 2010
Using a unique dataset of the Euro area and the U.S. bank lending standards, we find that low (monetary policy) short-term interest rates soften standards, for household and corporate loans. This softening – especially for mortgages – is amplified by securitization activity, weak supervision...
Persistent link: https://www.econbiz.de/10013138019
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Monetary Policy and Bank Profitability in a Low Interest Rate Environment
Altavilla, Carlo - 2017
monetary policies on market-based measures of expected bank profitability and credit risk, by employing an event study analysis … credit risk …
Persistent link: https://www.econbiz.de/10012945753
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The Paradoxical Case Against Interest Rate Caps for Microfinance – And : How FinTech and RegTech Resolve the Dilemma
Zetzsche, Dirk A. - 2018
prevention and exploitation by deceptive credit providers, support for a particular strategic industry or sector, and combating … anti-competitive behavior where the costs of credit exceed the actual cost of lending plus a reasonable profit margin. In … of the informal credit sector, and furthering the microfinance institution's mission drift. In Pt. V. we also show that …
Persistent link: https://www.econbiz.de/10012922161
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Negative interest rates in the euro area : does it hurt banks?
Strasky, Jan; Hwang, Hyunjeong - 2019
The negative interest rate policy (NIRP) has been in place in the euro area since June 2014. While the NIRP can provide additional monetary accommodation in the situation where the neutral rate of interest is most likely negative, there are also unintended consequences for banks’ profitability...
Persistent link: https://www.econbiz.de/10012111120
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Banks' maturity transformation : risk, reward, and policy
Bologna, Pierluigi - 2018
The aim of this paper is twofold: first, to study the determinants of banks' net interest margin with a particular focus on the role of maturity transformation, using a new measure of maturity mismatch; second, to analyse the implications for banks of the relaxation of a binding prudential limit...
Persistent link: https://www.econbiz.de/10011848358