Showing 1 - 10 of 3,088
Persistent link: https://www.econbiz.de/10009273649
This document analyses monetary policy effects on transmission of credit interest rates in Colombia with particular … Colombia are twofold: they face increasing banking competition (reinforced by FINTECH) and increasing credit risks due to … the worldwide move from LIBOR into SFAR. However, this deepening of capital markets in Colombia hinge crucially in …
Persistent link: https://www.econbiz.de/10013234279
Persistent link: https://www.econbiz.de/10012042325
We decompose aggregate consumption by modelling both savers and their links to collateral constrained borrowers through a bank which prices credit risk. Savers own both firms and the commercial bank while borrowers require loans from the commercial bank to effect their consumption plans. The...
Persistent link: https://www.econbiz.de/10009787418
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
Persistent link: https://www.econbiz.de/10011533587
Persistent link: https://www.econbiz.de/10010502801
Empirical research on the monetary transmission mechanism considering credit developments is almost exclusively limited to the amount of outstanding credit in an economy. Two issues arise out of this. First, stock-flow inconsistencies might occur. Second, the change of the outstanding amount of...
Persistent link: https://www.econbiz.de/10011446178
Persistent link: https://www.econbiz.de/10011448967
Persistent link: https://www.econbiz.de/10010465071