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Lee, Donggyu; Dörr, Sebastian; Drechsel, Thomas - 2022

This paper shows that rising top income shares affect job creation at firms of different sizes. High-income households save relatively more in stocks and bonds, and less in bank deposits. We propose that a higher income share of top earners therefore channels funds to large firms, but tightens...

Persistent link: https://www.econbiz.de/10013432951

Do mortgage lenders respond to flood risk?

Blickle, Kristian; Perry, Evan; Santos, João A. C. - 2024

Using unique nationwide property-level mortgage, flood risk, and flood map data, we analyze whether lenders respond to flood risk that is not captured in FEMA flood maps. We find that lenders are less willing to originate mortgages and charge higher rates for lower LTV loans that face...

Persistent link: https://www.econbiz.de/10014581851

Insurance, weather, and financial stability

Kahn, Charles M.; Panjwani, Ahyan; Santos, João A. C. - 2024

In this paper, we introduce a model to study the interaction between insurance and banking. We build on the Federal Crop Insurance Act of 1980, which significantly expanded and restructured the decades-old federal crop insurance program and adverse weather shocks - over-exposure of crops to heat...

Persistent link: https://www.econbiz.de/10014581880

Liberalization, Corporate Governance, and Savings Banks

Illueca, Manuel; Norden, Lars; Udell, Gregory F. - Money and Finance Research group (Mo.Fi.R.) - 2009

We study the effects of the interplay between banking deregulation and corporate governance on the lending behavior of savings banks in Spain. The removal of branching barriers that constrained these banks has led to a nationwide expansion, increasing the number of their branches and their...

Persistent link: https://www.econbiz.de/10005112840

Does the underground economy hold back financial deepening? Evidence from the Italian credit market

Gobbi, Giorgio; Zizza, Roberta - Banca d'Italia - 2007

and house purchases. Using panel data on local credit markets in Italy, we find that the share of irregular employment has … a strong negative impact on outstanding credit to the private sector. According to our estimates, a shift of 1 per cent … business lending and of 0.3 percentage points in outstanding credit to households. By contrast, the feedback effects of …

Persistent link: https://www.econbiz.de/10005113532

Monetary Policy and Sectoral Bank Lending in Malaysia

Karim, Mohd Zaini Abd; Harif, Amy Azhar Mohd; Adziz, Azira - In: Global Economic Review 35 (2006) 3, pp. 303-326

Unlike most studies on the effect of monetary policy on bank lending, this article intends to answer the question whether the tightening of monetary policy in Malaysia before and after the financial crisis in 1997 affected differently the commercial bank lending to various sectors of the...

Persistent link: https://www.econbiz.de/10005482390

The role of banks in monetary policy transmission: Empirical evidence from Russia

Juurikkala, Tuuli; Solanko, Laura; Karas, Alexei - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2009

This paper focuses on the role of the banking sector in monetary policy transmission in an emerging economy with a rapidly developing financial system. Specifically, we exam whether the central bank's monetary policy stance affects banks' lending behaviour. Based on a comprehensive quarterly...

Persistent link: https://www.econbiz.de/10004969115

Financial systems and the role of banks in monetary policy transmission in the euro area

Ehrmann, Michael; Gambacorta, Leonardo; Martinéz … - European Central Bank - 2001

This paper offers a comprehensive comparison of the structure of banking and financial markets in the euro area. Based on this, several hypotheses about the role of banks in monetary policy transmission are developed. Many of the predictions that have been proposed for the U.S. are deemed...

Persistent link: https://www.econbiz.de/10004969169

Is there a bank lending channel of monetary policy in Spain?

Hernando, Ignacio; Martinéz Pagés, Jorge - European Central Bank - 2001

This paper uses panel data on banks, for the period 1991-98, to test the existence of a bank-lending channel in the Spanish economy. In order to distinguish between loan demand and supply movements, several exercises are performed. First, we analyse the differential responses, to monetary policy...

Persistent link: https://www.econbiz.de/10004969175

Heterogeneity in lending and sectoral growth: evidence from German bank-level data

Schertler, Andrea; Buch, Claudia; Westernhagen, Natalja - In: International Economics and Economic Policy 3 (2006) 1, pp. 43-72

Persistent link: https://www.econbiz.de/10005705634