Showing 1 - 10 of 9,689
-Keynesian analysis of credit institutions will help us determine new solutions for economic policy aiming at full employment. Following … rather a practical reflection on the optimal economic policies resting on an in-depth understanding of money and credit …
Persistent link: https://www.econbiz.de/10012709217
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
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
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
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
This study analyses the credit channel of monetary policy transmission via major credit providers in Kenya before and …, the study establishes whether controls on interest rates triggered a shift in credit allocation via a spectrum of … providers; commercial banks, savings & credit cooperatives, and micro-finance banks. Findings show that the strength of policy …
Persistent link: https://www.econbiz.de/10012801617
States, the paper shows that, following the Reserve Bank of India's aggressive monetary easing measures, bank credit growth …
Persistent link: https://www.econbiz.de/10013147797
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