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Financial development, interest rate pass-through and interest rate channel of monetary policy
Oyadeyi, Olajide - In: Cogent economics & finance 11 (2023) 1, pp. 1-29
in incentivizing central bank monetary policies from the monetary policy rate to the money market rates, lending rates … stickiness, problems of asymmetric information, and bank switching costs. Also, the findings confirmed that financial development …
Persistent link: https://www.econbiz.de/10014500806
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Monetary Policy Operations : Theory, Evidence, and Tools for Quantitative Analysis
Lagos, Ricardo; Navarro, Gastón - National Bureau of Economic Research - 2023
bank's ability to track a given fed funds target, and the heterogeneous incidence of policy actions on the shadow cost of …
Persistent link: https://www.econbiz.de/10014322758
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Monetary policy effects on bank loans in Germany : a panel-econometric analysis
Worms, Andreas - 2001
A crucial condition for the existence of a credit channel through bank loans is that monetary policy should be able to … change bank loan supply. This paper contributes to the discussion on this issue by presenting empirical evidence from dynamic … the average bank reduces its lending more sharply in reaction to a restrictive monetary policy measure, the lower its …
Persistent link: https://www.econbiz.de/10001641256
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Monetary policy effects on bank loans in Germany : a panel-econometric analysis
Worms, Andreas - 2001
A crucial condition for the existence of a credit channel through bank loans is that monetary policy should be able to … change bank loan supply. This paper contributes to the discussion on this issue by presenting empirical evidence from dynamic … the average bank reduces its lending more sharply in reaction to a restrictive monetary policy measure, the lower its …
Persistent link: https://www.econbiz.de/10011419446
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The evolution of the Federal Reserve’s Term Auction Facility and FDIC-insured bank utilization
Allen, Kyle; Hein, Scott E.; Whitledge, Matthew - 2021
The Term Auction Facility (TAF) was designed by the Federal Reserve during the financial crisis to inject emergency short-term funds into banks as a supplement to the lender of last resort discount window offerings. We describe how the Federal Reserve altered the design of the Term Auction...
Persistent link: https://www.econbiz.de/10013323321
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Crisis management at cross-roads : challenges facing cross-border financial institutions at the EU level : a joint publication with the Centre for European Policy Studies (CEPS)
Ayadi, Rym (ed.); Lierman, Frank (ed.); Balling, Morten (ed.) - Conference "Crisis Management at Cross-Roads" <2009, …; … - 2010
On 16th November 2009, SUERF, CEPS and the Belgian Financial Forum coorganized a conference "Crisis management at cross-roads" in Brussels. All papers in the present volume are based on contributions at the conference and the SUERF Annual Lecture which followed the event.
Persistent link: https://www.econbiz.de/10011706117
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Negative Monetary Policy Rates and Portfolio Rebalancing : Evidence from Credit Register Data
Bottero, Margherita - 2019
We study negative interest rate policy (NIRP) exploiting ECB's NIRP introduction and administrativedata from Italy, severely hit by the Eurozone crisis. NIRP has expansionary effects on credit supply---and hence the real economy---through a portfolio rebalancing channel. NIRP affects banks...
Persistent link: https://www.econbiz.de/10012889149
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Finance access of SMEs : what role for the ECB?
Belke, Ansgar - 2013
Bank. …
Persistent link: https://www.econbiz.de/10010255130
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Finance access of SMEs : what role for the ECB?
Belke, Ansgar - 2013
Bank. … signifikant höhere Sollzinsen als ihre Wettbewerber im Kern der Eurozone (z.B. Deutschland, Frankreich). Und diese Divergenz wird … skeptisch gegenüber einer (noch) stärkeren Einbindung der EZB in die (indirekte) Finanzierung von KMU durch die Verbriefung von …
Persistent link: https://www.econbiz.de/10009779172
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Financial factors in economic fluctuations
Christiano, Lawrence; Rostagno, Massimo; Motto, Roberto - 2010
We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro Area and US data. We find that agency problems in financial contracts, liquidity constraints facing banks and shocks that alter the perception of market risk and hit financial...
Persistent link: https://www.econbiz.de/10011605238