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banks during the 1990s on credit allocation using the Short-term Economic Survey of Enterprises. This survey includes a … from our model. We found that credit was reduced when the balance sheet of firms and banks deteriorated. The effects are … particularly significant for non-manufacturing industries. -- Tankan Survey ; Credit crunch ; Ever-greening ; Non-performing loans …
Persistent link: https://www.econbiz.de/10003407383
In this paper, we empirically analyze the transmission of realized interest rate risk - the gain or loss in bank economic capital due to movements in interest rates - to bank lending. We exploit a unique panel data set that contains supervisory information on the repricing maturity profiles of...
Persistent link: https://www.econbiz.de/10011396762
Many central banks in emerging economies have used reserve requirements (RR) to alleviate the trade-off between financial stability and price stability in recent years. Notwithstanding their widespread use, transmission channels of RR have remained largely as a black-box. In this paper, we use...
Persistent link: https://www.econbiz.de/10010386351
Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and monetary policy innovations account for more than 30 percent of U.S. output variation. The dynamic effects, however, depend on the type of shock. Expansionary securitization shocks lead to a...
Persistent link: https://www.econbiz.de/10010257361
estimate a credit condition index (CCI). The credit conditions index represents changes in the supply of credit over time … financial futures, options, swaps, securitized loans and synthetic securities which allowed for easy access to credit for … financial intermediaries, (2) more sophisticated risk management, for example improved initial credit scoring, (3) changes in …
Persistent link: https://www.econbiz.de/10011495389
Using different credit measures, this study identifies the credit booms in Turkey that have occurred after December … of a credit boom are the changes in the slope of the yield curve, reel exchange rate, US interest rate and net capital …
Persistent link: https://www.econbiz.de/10013091182
Do tightenings of bank lending standards permanently reduce bank lending? We construct a measure of a bank's level of lending standards using micro-data from the sample of banks participating in the Eurosystem Bank Lending Survey in The Netherlands and show that this level measure affects...
Persistent link: https://www.econbiz.de/10013074472
distinguishes between credit to the household sector and to the corporate sector, we investigate the association between capital … inflows and credit growth. We find that non-FDI capital inflows boost credit growth and increase the likelihood of credit … booms in both household and corporate sectors. For household credit growth, the composition of capital inflows appears to be …
Persistent link: https://www.econbiz.de/10013015591
This study estimates the effect of the European Central Bank's second series of targeted longer-term refinancing operations (TLTRO-II) on bank lending using bank level data from multiple countries and instrumental variable estimation. Effects on corporate loans and loans for consumption are...
Persistent link: https://www.econbiz.de/10012836596
We study loans from banking and non-banking lenders to different groups of borrowers in order to unveil significant differences on how those respond to a shock and evaluate possible alternative explanations for such differences. The objective is to gain insights useful to explain the loan...
Persistent link: https://www.econbiz.de/10012838236