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Central bank funding and credit risk-taking
Bednarek, Peter; Dinger, Valeriya; Kaat, Daniel Marcel te; … - 2020
This paper examines the relationship between central bank funding and credit risk-taking. Employing comprehensive bank …-firm-level data from the German credit registry during 2009:Q1-2014:Q4, we find that borrowing from the central bank is associated …
Persistent link: https://www.econbiz.de/10012250631
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The SSM at 1
Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011557140
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Bank Capital Structure and the Credit Channel of Central Bank Asset Purchases
Darracq Paries, Matthieu - 2016
liquidity constraints as well as different credit and market risk characteristics. The deep parameters of the DSGE model which …
Persistent link: https://www.econbiz.de/10012988604
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Risk and state-dependent financial frictions
Harding, Martín; Wouters, Rafael - 2022 - Last updated: August 9, 2022
We augment a standard New Keynesian model with a financial accelerator mechanism and show that financial frictions generate large state-dependent amplification effects. We fit the model to US data and show that, when shocks drive the model far away from the steady state, the nonlinear model...
Persistent link: https://www.econbiz.de/10013335014
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Social centralization, bank integration and the transmission of lending shocks
Gropp, Reint; Radev, Deyan - 2017
We introduce an innovative approach to measure bank integration, based on the corporate culture of multinational banking conglomerates. The new measure, the Power Index, assesses the prevalence of a language of power and authority in the financial reports of global banks. We employ a two-step...
Persistent link: https://www.econbiz.de/10011698908
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What Have Central Banks from Emerging Market Economies Learnt About the International Transmission of Monetary Policy in Recent Years?
Loh, Jacqueline - 2014
the world’s advanced economies. With lending rates depressed, growth in credit to the domestic non-bank sector has …
Persistent link: https://www.econbiz.de/10014142103
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The analytical credit dataset : a magnifying glass for analysing credit in the euro area
Israël, Jean-Marc; Damia, Violetta; Bonci, Riccardo; … - 2017
persons based on a core set of harmonised concepts and definitions. Starting with reference data from September 2018, credit …) individual credit exposures falling within the reporting scope. The reporting framework is the outcome of in-depth discussions … Regulation, AnaCredit will, already in Stage 1, significantly enhance the value for analysis on credit and credit risk in the …
Persistent link: https://www.econbiz.de/10011639632
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Political Connections and Emergency Lending by the Federal Reserve
Blau, Benjamin M. - 2015
This paper tests whether or not a bank's political connections were important in explaining participation in the Federal Reserve's emergency lending programs during the recent financial crisis. Given the political independence of the Fed, our tests bias against finding that connections matter....
Persistent link: https://www.econbiz.de/10013009461
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Monetary Policy Implications Central Bank Digital Currencies : Perspectives on Jurisdictions with Conventional and Islamic Banking Systems
Lukonga, Inutu - 2023
Central bank digital currencies (CBDCs) promise many benefits but, if not well designed, they could have undesired consequences, including for monetary policy. Issuing an unremunerated CBDC or a wholesale CBDC does not change the objectives of monetary policy or the operational framework for...
Persistent link: https://www.econbiz.de/10014355809
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The role of bank capital in the propagation of shocks
Meh, Césaire Assah (contributor); Moran, Kevin (contributor) - 2008
Recent events in financial markets have underlined the importance of analyzing the link between the financial health of banks and real economic activity. This paper contributes to this analysis by constructing a dynamic general equilibrium model in which the balance sheet of banks affects the...
Persistent link: https://www.econbiz.de/10003773059