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The transmission of monetary policy, especially in light of recent events, has received increased attention, especially with respect to the efficacy of the bank lending channel. This paper summarizes the issues associated with isolating the bank lending channel and determining the extent to...
Persistent link: https://www.econbiz.de/10010126905
This paper aims to analyze changes in the transmission of monetary policy via bank lending when considering the impact of the COVID-19 pandemic and the financial crisis. Using bank-level data of 31 commercial banks in Vietnam from 2007 to 2021, we provide consistent evidence that the impact of...
Persistent link: https://www.econbiz.de/10014480274
The paper investigates transmission of different foreign and domestic shocks to bank lending activity in Bosnia and Herzegovina through the bank lending channel. The bank lending channel is analyzed in a time series cross sectional data framework for the period 2006q1-2014q1, investigating...
Persistent link: https://www.econbiz.de/10011279756
This paper investigates the risk channel of monetary policy on the asset side of banks' balance sheets. We use a factoraugmented vector autoregression (FAVAR) model to show that aggregate lending standards of U.S. banks, such as their collateral requirements for firms, are significantly loosened...
Persistent link: https://www.econbiz.de/10010422940
This paper investigates the risk channel of monetary policy on the asset side of banks' balance sheets. We use a factoraugmented vector autoregression (FAVAR) model to show that aggregate lending standards of U.S. banks, such as their collateral requirements for firms, are significantly loosened...
Persistent link: https://www.econbiz.de/10010432276
States, the paper shows that, following the Reserve Bank of India's aggressive monetary easing measures, bank credit growth …
Persistent link: https://www.econbiz.de/10013147797
This paper investigates the risk-taking channel of monetary policy on the asset side of banks' balance sheets. We use a factor-augmented vector autoregression (FAVAR) model to show that aggregate lending standards of U.S. banks, e.g. their collateral requirements for firms, are significantly...
Persistent link: https://www.econbiz.de/10010485247
This paper uses a natural experiment to study the impact of a loan supply shock on a Hungarian matched bank-firm dataset. The event studied is a funding shock Hungarian banks faced following the collapse of the Lehman Brothers. Banks were affected via their external funding and positions on the...
Persistent link: https://www.econbiz.de/10012267952
bank lending and risk-taking channels of monetary policy by exploiting – Italian's unique – credit and security registers …. In crisis times, with higher ECB liquidity, less capitalized banks react by increasing securities over credit supply …-crisis time, securities do not crowd-out credit supply. The substitution from lending to securities in crisis times helps less …
Persistent link: https://www.econbiz.de/10012854350
without such assets. The effect is driven by core banks increasing credit supply to riskier and less productive firms located …
Persistent link: https://www.econbiz.de/10013279271