Can central banks defuse rising stability risks in financial booms by leaning against the wind with higher interest …

to commercial banks. During the crisis, however, the Federal Reserve created a number of facilities to support brokers … banks to nonbank financial institutions. In a specialized financial system, which the GSA had helped create, the use of the … lender-of-last-resort safety net could be more comfortably limited to commercial banks. However, the elimination of GSA …

We provide new evidence on the bank lending channel of monetary policy using bank-level data of 440 banks from eleven … CEE transition economies between 1998 and 2012. Our findings are: i) banks adjust their loans to changes in host country …’s monetary policy, ii) foreign-owned banks are less responsive to monetary policy of a host country than domestic-owned banks in …

banks' and firms' balance sheets in real activity. The net worth of firms determines their borrowing capacity both from … households and banks. Banks provide risky loans to multiple firms and use their diversified portfolio as collateral to borrow … from households. This intermediation process allows additional funds to flow from households to firms. Banks require net …

- border lending after the Lehman failure; for banks headquartered in periphery countries, the impact is quantitatively …