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In 2016, the volume of bank lending resumed growth. However, its level remains below the 2014 indicators and is insufficient to curtail the reduction of the population's loan debt volumes. There is a shift in the retail bank lending debt structure in favor of the long-term and cheaper mortgages....
Persistent link: https://www.econbiz.de/10012988049
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
Economic theory traditionally suggests that monetary policy can influence the business cycle, but not the long-run potential output. Despite well documented theoretical and empirical consensus on money neutrality in the literature, the role of money as an informational variable for monetary...
Persistent link: https://www.econbiz.de/10011409905
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 the authors focus on credit connections as a potential source of systemic risk. In particular, they seek … to answer the following question: how do we find densely connected subsets of nodes within a credit network? The question … this method they provide a community description of the Japanese bank-firm credit network, getting evidence of a …
Persistent link: https://www.econbiz.de/10009731380
The complexity of credit-money is conceived as the central issue in the banking-macro nexus, which the authors consider … consumption. The evolution of credit rules shapes economic networks between households, firms, banks, governments and central …
Persistent link: https://www.econbiz.de/10010199689
In this paper the authors focus on credit connections as a potential source of systemic risk. In particular, they seek … to answer the following question: how do we find densely connected subsets of nodes within a credit network? The question … decomposition method. To illustrate this method they provide a community description of the Japanese bank-firm credit network …
Persistent link: https://www.econbiz.de/10009611459
The complexity of credit money is seen as the central issue in the banking-macro nexus, which the author considers as a … of credit rules shapes economic networks between households, firms, banks, governments and central banks in space and … in agent-based models of the banking-macro nexus. -- 20th century origins of the theory of money ; Schumpeterian credit …
Persistent link: https://www.econbiz.de/10009683036
I show how capital regulations, by imposing a low or zero cost on undrawn credit lines, can lead to ex post … misallocation of credit across different borrowers following a market shock. This effect is in addition to the liquidity impact of … credit line drawdowns highlighted by previous literature. In a theoretical model, I examine why capital regulations give the …
Persistent link: https://www.econbiz.de/10013129065
This paper investigates the relationship between bank competition and credit procyclicality for 17 OECD countries on … whether credit procyclicality is more important when the degree of bank competition is high. Our findings show that while … credit significantly responds to shocks to GDP, the degree of bank competition is not essential in assessing the …
Persistent link: https://www.econbiz.de/10013130621