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The euro area Bank Lending Survey matters : empirical evidence for credit and output growth

Bondt, Gabe J. de; Maddaloni, Angela; Peydró, José-Luis - 2010

This study examines empirically the information content of the euro area Bank Lending Survey for aggregate credit and … leading indicator for euro area bank credit and real GDP growth. Notwithstanding the short history of the survey, the findings … results are supportive of the existence of a bank lending, balance sheet, and risk-taking channel of monetary policy. They …

Persistent link: https://www.econbiz.de/10003971193

Cross Country Linkages as Determinants of Procyclicality of Loan Loss Provisions – Empirical Importance of Sure Specification

Olszak, Małgorzata - 2014

Procyclicality in banking may result in financial instability and therefore be destructive to economic growth. The sensitivity of different banking balance sheet and income statement variables to the business cycle is diversified and may be prone to increasing integration of financial markets....

Persistent link: https://www.econbiz.de/10013061097

The Euro Area Bank Lending Survey Matters : Empirical Evidence for Credit and Output Growth

de Bondt, Gabe; Maddaloni, Angela; Peydró, José-Luis; … - 2021

Persistent link: https://www.econbiz.de/10013316257

SEC Comment Letters and Bank Lending

Cunningham, Lauren M. - 2017

Banks collect private information for the purpose of monitoring borrowers. However, we have little evidence on the sources of private information they use. This study investigates whether and how banks use private information about regulatory oversight of public disclosures through the SEC...

Persistent link: https://www.econbiz.de/10012970104

The Impact of Macroprudential Policies and Their Interaction with Monetary Policy : An Empirical Analysis Using Credit Registry Data

Gambacorta, Leonardo - 2017

confidential bank-loan data. The use of granular credit registry data helps us to disentangle loan demand from loan supply effects …

Persistent link: https://www.econbiz.de/10012956519

Macroprudential policy during Covid-19 : the role of policy space

Bergant, Katharina; Forbes, Kristin - 2021

This paper uses the initial phase of the COVID-19 pandemic to examine how macroprudential frameworks developed over the past decade performed during a period of heightened financial and economic stress. It discusses a new measure of the macroprudential stance that better captures the intensity...

Persistent link: https://www.econbiz.de/10012818277

Macroprudential policy in Asian economies

Kim, So-yŏng - 2019

This paper analyzes the conduct and effects of macroprudential policy in 11 Asian economies. Of these, India, the People's Republic of China, and the Republic of Korea frequently used loan-to-value ratios and required reserve ratios even before the global financial crisis. India and the People's...

Persistent link: https://www.econbiz.de/10012020548

Bank Ownership and Credit Cycle : The Lower Sensitivity of Public Bank Lending to the Business Cycle

Duprey, Thibaut - 2013

crisis, which would otherwise blur the picture. I find that (i) public bank lending is significantly less cyclical than that … lending cyclicality. Then, the lower co-movement of public bank loans with macroeconomic fluctuations reveals both (a) a less … efficient public bank lending cyclicality, while evidences suggest it may reveal an inefficient credit allocation for less …

Persistent link: https://www.econbiz.de/10013089476

Household Credit as Stimulus? Evidence from Brazil

Garber, Gabriel; Mian, Atif R.; Ponticelli, Jacopo; … - 2021

From 2011 to 2014, the Brazilian government conducted a heavily advertised major credit expansion program through government banks as part of its effort to stimulate the economy. Using administrative data on individual-level borrowing and spending, we find that the program led to a substantial...

Persistent link: https://www.econbiz.de/10013322757

Does government-backed lending prevent unemployment? : an assessment of the Swiss COVID-19 lending program

Kaufmann, Daniel - 2020

This paper identifies the effect of variation in government-backed loan supply on unemployment exploiting regional variation in the Swiss COVID-19 lending program. The rules of the program introduce variation in loan supply across Cantons. This variation helps disentangling supply from demand...

Persistent link: https://www.econbiz.de/10012268546