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Persistent link: https://www.econbiz.de/10012822767
of new coronavirus (COVID-19) pandemic. We focus on monetary, microprudential and macroprudential policies designed … specifically to support bank lending conditions. For identification, we use proprietary data on participation in central bank … bank capital requirements. The results show that in the absence of the funding cost relief and capital relief associated …
Persistent link: https://www.econbiz.de/10012823403
2019 novel coronavirus has affected over 19.3 million people and caused over 718 thousand deaths globally (as at 7 …
Persistent link: https://www.econbiz.de/10012823636
.4% for every new coronavirus case per 100 capita, on average. We do not find strong evidence of a decrease in delinquencies …
Persistent link: https://www.econbiz.de/10012825532
Small Business Administration member bank offices in a county as an instrument for PPP loans originated in that county …
Persistent link: https://www.econbiz.de/10012826415
effective approaches in tackling bank solvency during a systemic crisis. One of the most common and also effective methods has … results for the taxpayer. Contemporary consensus as regards tackling bank solvency during a systemic financial crisis focuses … dogmatic focus on preventing public financial support in the context of a systemic bank solvency crisis may place …
Persistent link: https://www.econbiz.de/10012826832
We study the evolution of US mortgage credit supply during the COVID-19 pandemic. Although the mortgage market experienced a historic boom in 2020, we show there was also a large and sustained increase in intermediation markups that limited the pass-through of low rates to borrowers. Markups...
Persistent link: https://www.econbiz.de/10012581406
COVID-19, credit risk, macro fundamentals, frailty factors, dynamic latent factorsWe investigate the relationship between macro fundamentals and credit risk, rating migrations and defaults during the start of the COVID-19 pandemic. We find that credit risk models that use macro fundamentals as...
Persistent link: https://www.econbiz.de/10012591539
To bolster the effectiveness of the Small Business Administration's Paycheck Protection Program (PPP), the Federal Reserve, with the backing of the Secretary of the Treasury, established the Paycheck Protection Program Liquidity Facility (PPPLF). The facility was intended to supply liquidity to...
Persistent link: https://www.econbiz.de/10012625821
We investigate how the interaction of the Brexit and COVID waves of the Bank of England’s quantitative easing with the … leverage ratio capital requirements or government COVID lending support schemes affected bank business lending. We find that …
Persistent link: https://www.econbiz.de/10012614521