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Bank Leverage Regulation and Macroeconomic Dynamics
Christensen, Ian; Meh, Césaire; Moran, Kevin - Centre Interuniversitaire sur le Risque, les Politiques … - 2011
, though banks do not internalize this impact. Regulation, in the form of a constraint on bank leverage, can mitigate the … bank leverage regulation can have desirable stabilization properties, particularly when financial shocks are an important …
Persistent link: https://www.econbiz.de/10009386558
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Financial stability policies and bank lending : quasi-experimental evidence from Federal Reserve interventions in 1920-21
Rieder, Kilian - 2020
policy on bank-level lending and leverage by drawing on a single natural experiment. In 1920, when U.S. monetary policy was … stance. Macroprudential policy caused both bank-level lending and leverage to fall significantly (by 11%-14%), whereas LAW …
Persistent link: https://www.econbiz.de/10012318753
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Quantitative Easing Policy and Moral Hazard Behaviour of U.S. Banks
Guizani, Brahim - 2022
In this paper I investigate the risk-taking channel of the monetary policy in the U.S. during the period of Large Scale Assets Purchases (LSAPs) programs; from November 2008 to September 2014. Using High-Frequency Identification (HFI) estimates of the monetary policy stance and constructed data...
Persistent link: https://www.econbiz.de/10013297387
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The risk-taking channel of monetary policy in Macedonia: Evidence from credit registry data
Miteski, Mite; Mitreska, Ana; Vaskov, Mihajlo - 2018
The last global crisis brought the monetary policy risk-taking channel to the fore, arguing that lingering low interest rates might affect not only the quantity, but the quality of credit extended as well. In line with this debate, this paper is the first effort to empirically investigate the...
Persistent link: https://www.econbiz.de/10012109774
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Financial stability policies and bank lending: Quasi-experimental evidence from Federal Reserve interventions in 1920-21
Rieder, Kilian - 2020
policy on bank-level lending and leverage by drawing on a single natural experiment. In 1920, when U.S. monetary policy was … stance. Macroprudential policy caused both bank-level lending and leverage to fall significantly (by 11%-14%), whereas LAW …
Persistent link: https://www.econbiz.de/10012653450
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The risk-taking channel of monetary policy in Macedonia : evidence from credit registry data
Miteski, Mite; Mitreska, Ana; Vaskov, Mihajlo - 2018
The last global crisis brought the monetary policy risk-taking channel to the fore, arguing that lingering low interest rates might affect not only the quantity, but the quality of credit extended as well. In line with this debate, this paper is the first effort to empirically investigate the...
Persistent link: https://www.econbiz.de/10011944421
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Betting the House
Jorda, Oscar; Schularick, Moritz; Taylor, Alan M. - Hong Kong Institute for Monetary Research (HKIMR), … - 2014
Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of modern economic history in the advanced economies. We...
Persistent link: https://www.econbiz.de/10011144022
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Betting the House
Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - C.E.P.R. Discussion Papers - 2014
Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of modern economic history in the advanced economies. We...
Persistent link: https://www.econbiz.de/10011145419
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Capital injection to banks versus debt relief to households
Yoo, Jinhyuk - 2017
House financing has played a prominent role in advanced economies. In addition, most of the banking crises in advanced economies were associated with boom-bust cycles in house prices. Prominent researchers suggest that more grants for household debt reduction would have provided a significant...
Persistent link: https://www.econbiz.de/10011636008
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Capital injection to banks versus debt relief to households
Yoo, Jinhyuk - 2017
House financing has played a prominent role in advanced economies. In addition, most of the banking crises in advanced economies were associated with boom-bust cycles in house prices. Prominent researchers suggest that more grants for household debt reduction would have provided a significant...
Persistent link: https://www.econbiz.de/10011635333