Showing 1 - 10 of 8,046
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
In March 2015, the Eurosystem launched its QE-programme. The asset purchases induced a rapid and strong increase in excess reserves, implying a structural liquidity surplus in the euro area banking sector. Against this background, the first part of this paper analyses the Eurosystem's liquidity...
Persistent link: https://www.econbiz.de/10012099037
persons based on a core set of harmonised concepts and definitions. Starting with reference data from September 2018, credit …) individual credit exposures falling within the reporting scope. The reporting framework is the outcome of in-depth discussions … Regulation, AnaCredit will, already in Stage 1, significantly enhance the value for analysis on credit and credit risk in the …
Persistent link: https://www.econbiz.de/10011639632
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
The article supplements the research on the effectiveness of monetary policy transmission - especially through the bank lending channel. The current study focuses on assessing the transmission of monetary impulses through commercial and cooperative banks as well as through individual loan...
Persistent link: https://www.econbiz.de/10014515074
in the transmission of monetary policy within the credit channel. …
Persistent link: https://www.econbiz.de/10014518532
Credit boom detection methodologies (such as threshold method) lack robustness as they are based on univariate … detrending analysis and resort to ratios of credit to real activity. I propose a quantitative indicator to detect atypical … behavior of credit from a multivariate system - a monetary VAR. This methodology explicitly accounts for endogenous …
Persistent link: https://www.econbiz.de/10010400368
Great Recession 2007-2008 has revived interest to quantity aggregates (money and credit) and their role as indicators …. We use a multivariate approach (Bayesian VAR) to detect periods of atypical behavior in money and credit in the US and in …) banking crises in the US. Moreover, we detect an unsustained credit boom prior to the Great Recession in both Euro Area and in …
Persistent link: https://www.econbiz.de/10009672374
Economic theory traditionally suggests that monetary policy can influence the business cycle, but not the long-run potential output. Despite well documented theoretical and empirical consensus on money neutrality in the literature, the role of money as an informational variable for monetary...
Persistent link: https://www.econbiz.de/10011409905
bills, which facilitates banks' liquidity management and leads to bank credit expansion. The model can explain the observed …
Persistent link: https://www.econbiz.de/10012854882