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Optimal Interest Rates in Cooperative Banks with Non-Member Customers
Catturani, Ivana - 2014
Previous attempts to understand the functioning of cooperative banks have often considered them as being similar to credit unions. However, we argue that credit unions are only a subset of cooperative financial institutions and the models used to describe their behavior cannot be generalized to...
Persistent link: https://www.econbiz.de/10013052589
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Bailouts by the Bank of Japan in Response to the Panic of 1927 : Lenders or Borrowers in the Call Market
Kazuki, Yokoyama - 2018
The purpose of this paper is to explore determinants of bank bailouts by the Bank of Japan in response to the panic of … of Japan provided liquidity support not for lenders but for borrowers in the call market, and that rescued banks had …
Persistent link: https://www.econbiz.de/10012925655
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Monetary Policy, Credit Risk, and Profitability : The Influence of Relationship Lending on Cooperative Banks' Performance
De Menna, Bruno - 2021
Financial theory indicates that low interest rates hamper credit risk and profitability, two interrelated components of banks' balance sheets. Using a simultaneous equations framework, we investigate the effects of euro area monetary easing on cooperative banks' performance depending on their...
Persistent link: https://www.econbiz.de/10013241503
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Monetary policy and the resilience of the German banking system : from Deutsche Bundesbank to ECB
Sepp, Tim Florian; Israel, Karl-Friedrich; Treitz, Benjamin - 2024
The resilience of the German banking system is studied on the semiaggregated level from 1968 to 2022. We distinguish between Large Banks, Regional Banks, Landesbanken, Sparkassen and Credit Unions and study their z-scores as a measure of resilience in response to the monetary policy stances of...
Persistent link: https://www.econbiz.de/10014471868
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Call for a spatial classification of banking systems through the lens of SME finance : decentralized versus centralized banking in Germany as an example
Gärtner, Stefan; Flögel, Franz - 2014
We are calling for comparisons of banking and banking systems from a spatial perspective. Therefore, this paper develops a classification identifying decentralized and centralized banking according to two characteristics: geographical market orientation (regional vs. supraregional) - to...
Persistent link: https://www.econbiz.de/10010380686
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On the Role of Islamic and Conventional Banks in Monetary Policy Transmission in Malaysia : Do Size and Liquidity Matter?
Shah, Dr. Syed Muhammad Abdul Rehman - 2022
This paper empirically investigates the impact of monetary policy on the credit supply of Islamicversus conventional banks of Malaysia using an unbalanced panel datasets over the period 2005-2016. While estimating the effects of three alternative measures of monetary policy on banks'credit...
Persistent link: https://www.econbiz.de/10013305972
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Too Big to Fail? Effects of Quantitative Easing on Large Firms
Chen, Hsuan-Chi; Lin, Chih-Yung; Lu, Chien-Lin - 2022
In this paper, we investigate whether the liquidity support from the 2008 quantitative easing (QE) influenced the capital structures of large firms. We find that large firms generally increased their proportions of debt financing and leverage ratios during QE. Among small firms, only those with...
Persistent link: https://www.econbiz.de/10013406053
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Banking Panics, Bank Failures, and the Lender of Last Resort : The Showa Depression of 1930-1932
Akiyoshi, Fumio - 2010
By using bank-level data pertaining to the period of the Showa Depression in Japan, we examine whether banking panics … during the panics. Further, we find that during the panics, the Bank of Japan (BoJ) selectively provided liquidity assistance …
Persistent link: https://www.econbiz.de/10013150880
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Payment system innovations and financial intermediation : the case of Indonesia
Lubis, Alexander; Alexiou, Constantinos; Nellis, Joseph G. - 2019
This paper explores the relationship between innovations in payment systems and financial intermediation. By focusing on excess reserves and the currency demand, we provide evidence on the extant transmission mechanism. In this direction, we applied the generalized method of moments (GMM) and...
Persistent link: https://www.econbiz.de/10012037819
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Twenty Years of Unconventional Monetary Policies : Lessons and Way Forward for the Bank of Japan
Westelius, Niklas - 2021
The Bank of Japan has used unconventional monetary policies to fight deflation and stabilize the financial system since … the late 1990s. While the Bank of Japan's reflation efforts have evolved over time, inflation and inflation expectations … have remained stubbornly low. This paper examines the evolution of monetary policy in Japan over the past twenty years, in …
Persistent link: https://www.econbiz.de/10013252055