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How successful are banking sector reforms in emerging market economies? : evidence from impact of monetary policy on levels and structures of firm debt in India
Bhaumik, Sumon Kumar; Kutan, Ali Mustafa; Majumdar, Sudipa - 2016
that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings. …
Persistent link: https://www.econbiz.de/10011493763
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The impact of quantitative easing on bank loan supply and monetary policy implementation in the euro area
Horst, Maximilian; Neyer, Ulrike - 2019
In March 2015, the Eurosystem launched its QE-programme. The asset purchases induced a rapid and strong increase in excess reserves, implying a structural liquidity surplus in the euro area banking sector. Against this background, the first part of this paper analyses the Eurosystem's liquidity...
Persistent link: https://www.econbiz.de/10012099037
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The bank lending channel of monetary policy transmission in Vietnam : impacts of the COVID-19 pandemic and the financial crisis
Minh Thanh Loi; Van Dan Dang - In: Cogent business & management 10 (2023) 1, pp. 1-20
This paper aims to analyze changes in the transmission of monetary policy via bank lending when considering the impact of the COVID-19 pandemic and the financial crisis. Using bank-level data of 31 commercial banks in Vietnam from 2007 to 2021, we provide consistent evidence that the impact of...
Persistent link: https://www.econbiz.de/10014480274
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The effect of unconventional monetary policy on cross-border bank loans : evidence from an emerging market
Alper, Koray; Altunok, Fatih; Çapacıoğlu, Tanju; … - In: European economic review : EER 127 (2020), pp. 1-35
Persistent link: https://www.econbiz.de/10012322696
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The interaction between macroprudential and monetary policies: the cases of Norway and Sweden
Cao, Jin; Dinger, Valeriya; Grodecka, Anna; Juelsrud, … - 2020 - This version: July, 2020
To shed light on the interaction between macroprudential and monetary policies, we study the inward transmission of foreign monetary policy in conjunction with domestic macroprudential and monetary policies in Norway and Sweden. Using detailed bank-level data we show how Norwegian and Swedish...
Persistent link: https://www.econbiz.de/10012243617
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The interaction between macroprudential and monetary policies : the cases of Norway and Sweden
Cao, Jin; Dinger, Valeriya; Grodecka, Anna; Juelsrud, … - 2020
To shed light on the interaction between macroprudential and monetary policies, we study the inward transmission of foreign monetary policy in conjunction with domestic macroprudential and monetary policies in Norway and Sweden. Using detailed bank-level data we show how Norwegian and Swedish...
Persistent link: https://www.econbiz.de/10012271409
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The great lockdown : pandemic response policies and bank lending conditions
Altavilla, Carlo; Barbiero, Francesca; Boucinha, Miguel; … - 2020
with the pandemic response measures, banks' ability to supply credit would have been severely affected. The results also … measures in supporting liquidity conditions and helping to sustain the flow of credit to the private sector. Finally, we …
Persistent link: https://www.econbiz.de/10012271571
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Monetary policy transmission to mortgages in a negative interest rate environment
Amzallag, Adrien; Calza, Alessandro; Georgarakos, Dimitris - 2019
Do negative policy rates hinder banks' transmission of monetary policy? To answer this question, we examine the behaviour of Italian mortgage lenders using a novel loan-level dataset. When policy rates turn negative, banks with higher ratios of retail overnight deposits to total assets charge...
Persistent link: https://www.econbiz.de/10011975610
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Banks and negative interest rates
Heider, Florian; Saidi, Farzad; Schepens, Glenn - 2021
In this paper, we survey the nascent literature on the transmission of negative policy rates. We discuss the theory of how the transmission depends on bank balance sheets, and how this changes once policy rates become negative. We review the growing evidence that negative policy rates are...
Persistent link: https://www.econbiz.de/10012518247
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The transmission mechanism of credit support policies in the Euro Area
Boeckx, Jef; Sola Perea, Maite de; Peersman, Gert - 2016
mechanism of the Eurosystem's credit support policies since the start of the crisis. First, we show that these policies have … indeed been successful in stimulating the credit flow of banks to the private sector. Second, we find support for the "bank … responded more to the credit support policies of the Eurosystem as a result of more favourable size, retail and liquidity …
Persistent link: https://www.econbiz.de/10011634998