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This paper investigates the risk-taking channel of monetary policy on the asset side of banks' balance sheets. We use a factor-augmented vector autoregression (FAVAR) model to show that aggregate lending standards of U.S. banks, e.g. their collateral requirements for firms, are significantly...
Persistent link: https://www.econbiz.de/10010485247
cycle. With forward-looking banks, lending cycles, credit booms and busts, or suppressed and highly fragile bank systems can …-taking without fully hampering credit intermediation. …
Persistent link: https://www.econbiz.de/10010341626
The ex ante theory of collateral states that better informed lenders, such as informal lenders, rely less on collateral. We test this by contrasting the use of collateral between formal and informal lenders in the same market. Indeed, formal lenders rely more often on collateral, controlling for...
Persistent link: https://www.econbiz.de/10010342166
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/10011554963
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
innovation was to make capital charges more sensitive to risk. Using data from the German credit register, and employing a … quantity and the composition of bank lending. We find that credit supplied by banks that introduced the model-based approach … exhibits a higher sensitivity to model-based PDs as compared with credit supplied by banks that remained under the traditional …
Persistent link: https://www.econbiz.de/10010485279
-- Financial intermediation and credit. Repo and securities lending / Tobias Adrian, Brian Begalle, Adam Copeland and Antoine … Zakrajek ; The case for a credit registry / Atif Mian -- Household sector. Monitoring the financial condition and expenditures …
Persistent link: https://www.econbiz.de/10010404746
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