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Heterogeneity in corporate debt structures and the transmission of monetary policy
Holm-Hadulla, Fédéric; Thürwächter, Claire - 2020
find that: bond finance dampens the overall response of firm credit to monetary policy shocks in economies with a high …
Persistent link: https://www.econbiz.de/10012212853
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Bank lending channel effectiveness : potential lessons for monetary policy
Świtała, Filip; Kowalska, Iwona; Malajkat, Karolina - In: Journal of banking and financial economics 19 (2023) 1, pp. 160-117
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
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Technology Adoption and the Bank Lending Channel of Monetary Policy Transmission
Hasan, Iftekhar; Li, Xiang - 2021
This paper studies whether and how banks’ technology adoption affects the bank lending channel of monetary policy transmission. We construct a new measurement of bank-level technology adoption, which can tell whether the technology is related to the bank’s lending business and which specific...
Persistent link: https://www.econbiz.de/10013211810
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The role of bank capital on the bank lending channel of monetary policy transmission : an application of marginal analysis approach
Thanh Phuc Nguyen; Thi Thu Hong Dinh - In: Cogent economics & finance 10 (2022) 1, pp. 1-40
While there is a large body of research on the bank lending channel of monetary policy transmission and the distributional dependence of this transmission on bank characteristics, the asymmetric effect of bank capital on monetary policy-bank loan supply nexus has been ignored. To fill this void,...
Persistent link: https://www.econbiz.de/10013461875
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Taking Stock : credit measures in monetary transmission
Behrendt, Stefan - 2016 - Current version: January 4, 2016
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 credit on banks ́balance sheets does not consist only of new lending …
Persistent link: https://www.econbiz.de/10011446178
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The Credit Channel of Monetary Transmission in the Us : Is it a Bank Lending Channel, a Balance Sheet Channel, or Both, or Neither?
Brissimis, Sophocles N.; Papafilis, Michalis-Panayiotis - 2022
We develop a theoretical framework that extends the Bernanke and Blinder (1988) model to incorporate imperfect substitution between internal and external finance of firms in order to study the operation of both the bank lending and the balance sheet channels of monetary transmission in the US....
Persistent link: https://www.econbiz.de/10013492102
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The Impacts of Monetary Policy on Banks’ Loan Portfolio Risk-Taking
Adão, Luiz F.S; Silveira, Douglas; Ely, Regis Augusto; … - 2021
Using an agent-based model, we investigate how monetary policy affects banks' risk-taking in terms of the profile of their lending to real sector firms.Our agent-based model considers five types of agents: banks, depositors, the Central Bank, firms, and the clearinghouse. While banks and...
Persistent link: https://www.econbiz.de/10013216408
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The Impacts of Monetary Policy on Banks' Loan Portfolio Risk-taking
Adão, Luiz F.S; Silveira, Douglas; Ely, Regis Augusto; … - 2021
Using an agent-based model, we investigate how monetary policy affects banks' risk-taking in terms of the profile of their lending to real sector firms. Our agent-based model considers five types of agents: banks, depositors, the Central Bank, firms, and the clearinghouse. While banks and...
Persistent link: https://www.econbiz.de/10013216653
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Technology adoption and the bank lending channel of monetary policy transmission
Hasan, Iftekhar; Li, Xiang - Leibniz-Institut für Wirtschaftsforschung Halle - 2021
This paper studies whether and how banks‘ technology adoption affects the bank lending channel of monetary policy transmission. We construct a new measurement of bank-level technology adoption, which can tell whether the technology is related to the bank‘s lending business and which specific...
Persistent link: https://www.econbiz.de/10012695677
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Excess reserves and monetary policy tightening
Fricke, Daniel; Greppmair, Stefan; Paludkiewicz, Karol - 2024 - This draft: February 2, 2024
reserve-rich banks’ credit supply is less sensitive to the monetary policy tightening compared to other banks. The effect …
Persistent link: https://www.econbiz.de/10014481115