Showing 1 - 10 of 4,571
A central proposition in research on the role that banks play in the transmission mechanism is that monetary policy imparts a direct impact on deposits and that deposits, insofar as they constitute the supply of loanable funds, act as the driving force of bank lending. This paper argues that the...
Persistent link: https://www.econbiz.de/10005871023
This study reviews the concepts and features of both central bank and private sector money and focuses on them in … selected advanced and emerging economies. As a newly emerged form of private sector money, digital coins (cryptoassets) such as …
Persistent link: https://www.econbiz.de/10012113911
This paper takes an overview of the concepts and features of central bank money and private sector money and focuses on … the actual performance of these types of money in selected advanced and emerging economies. In addition, digital coins … (crypto assets), such as bitcoin, are newly emerged private sector money. Much attention has been given to digital coins …
Persistent link: https://www.econbiz.de/10011975543
In this paper, we empirically analyze the transmission of realized interest rate risk - the gain or loss in bank economic capital due to movements in interest rates - to bank lending. We exploit a unique panel data set that contains supervisory information on the repricing maturity profiles of...
Persistent link: https://www.econbiz.de/10011396762
Many central banks in emerging economies have used reserve requirements (RR) to alleviate the trade-off between financial stability and price stability in recent years. Notwithstanding their widespread use, transmission channels of RR have remained largely as a black-box. In this paper, we use...
Persistent link: https://www.econbiz.de/10010386351
The amount of credit in the economy is a heterogeneous aggregate that can be analyzed across different dimensions …. Considering such dimensions provides insights into the effect of monetary policy interventions because the credit components are …
Persistent link: https://www.econbiz.de/10013218294
provides natural instrumental variables and a proxy for credit demand. Unlike previous papers, this paper studies the effects …
Persistent link: https://www.econbiz.de/10012887834
payment risk on bank lending, bridging the literatures on payment systems and credit supply. An interquartile increase in …
Persistent link: https://www.econbiz.de/10012816444
This paper focuses on policy measures taken to curb the private sector credit growth in the period 2003-2008. Our … applied were effective in slowing down the credit growth. Deriving from country experiences, the paper argues that in order to … domestic environment and role of foreign banks in the CEE region. -- Credit growth ; monetary policy ; macroprudential policy …
Persistent link: https://www.econbiz.de/10009655167
This paper addresses the credit channel in Germany by using aggregate data. We present a stylized model of the banking …. Evidence in support of the credit channel can be reported …
Persistent link: https://www.econbiz.de/10013318774