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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 monetary policy on bank lending tends to be more pronounced in the …
Persistent link: https://www.econbiz.de/10014480274
that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings. …
Persistent link: https://www.econbiz.de/10011493763
Using news-based government economic policy uncertainty (EPU) index of Baker et al. (2016) and bank-level data from 17 … with interest rates on bank gross loans. Specifically, a one standard deviation increase in EPU leads to 21.84 basis points … increase in average interest rates on bank gross loans. We conjecture the economic policy uncertainty boosts banks' loan prices …
Persistent link: https://www.econbiz.de/10012859755
We examine whether macroeconomic factors contain significant information for bank loan contracting terms and conditions …
Persistent link: https://www.econbiz.de/10012998838
The growth of securitization made it easier for banks to sell home mortgage loans that they originated. I explore how mortgage sales affected banks in the years leading up to the financial crisis that began in 2007 and how banks pre-crisis mortgage sales affected them during the crisis. Loan...
Persistent link: https://www.econbiz.de/10013128531
The growth of securitization made it easier for banks to sell home mortgage loans that they originated. I explore how mortgage sales affected banks in the years leading up to the financial crisis that began in 2007 and how banks pre-crisis mortgage sales affected them during the crisis. Loan...
Persistent link: https://www.econbiz.de/10013132342
expectations for NPLs are found to be effective in reducing banks' NPLs. The phase-in of the policies can temporarily reduce bank …
Persistent link: https://www.econbiz.de/10013286744
We study the impact of higher bank capital buffers, namely of the Other Systemically Important Institu- tions (O … O-SII reduced, in the short-term, their credit supply to households and financial sectors and shifted their lending to … less risky counterparts within the non-financial corporations. In the medium-term, the impact on credit supply is defused …
Persistent link: https://www.econbiz.de/10012024808
Africa region by exploring the role of bank-specific and macroeconomic factors, particularly in the period of the global … the level of non-performing loans is more sensitive to bank specifics than macroeconomic factors. When it comes to …
Persistent link: https://www.econbiz.de/10013369129
government subsidies to firms affect credit markets. We identify credit market responses by considering both, bank lending and … firm borrowing during 1998-2019. We find that subsidies lead to larger lending volumes without crowding out credit to non …-subsidized firms. Banks that are more exposed to subsidized firms exhibit moderately higher credit risk though. Firm subsidies support …
Persistent link: https://www.econbiz.de/10015062319