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Chakraborty, Indraneel - 2019

The U.S. Federal Reserve purchased both agency mortgage-backed securities (MBS) and Treasury securities to conduct quantitative easing (QE). Using micro-level data, we find that banks benefiting from MBS purchases increase mortgage origination, compared to other banks. At the same time, these...

Persistent link: https://www.econbiz.de/10012903594

Unconventional Monetary Policy, Bank Lending, and Security Holdings : The Yield-Induced Portfolio Rebalancing Channel

Paludkiewicz, Karol - 2019

specific yield level and shift their investments from the securities to the (higher-yielding) credit portfolio. Making use of …

Persistent link: https://www.econbiz.de/10012898444

The Transmission of Monetary Policy through Bank Lending : The Floating Rate Channel

Ippolito, Filippo - 2018

We examine both theoretically and empirically a mechanism through which outstanding bank loans affect the firm balance sheet channel of monetary policy transmission. Unlike other debt, most bank loans have floating rates mechanically tied to monetary policy rates. Hence, monetary policy-induced...

Persistent link: https://www.econbiz.de/10012938520

Monetary Policy, Credit Institutions and the Bank Lending Channel in the Euro Area

Altavilla, Carlo - 2019

As the euro area has a predominantly bank-based financial system, changes in the composition and strength of banks' balance sheets can have very sizeable implications for the transmission of monetary policy. This paper provides an overview of developments in banks' balance sheets, profitability...

Persistent link: https://www.econbiz.de/10012871122

Relationship Banking and Monetary Policy Transmission : Evidence from India

Bhardwaj, Abhishek - 2017

of the “bank credit channel” and relationship banking, the effect of relationship banking on the transmission of monitory …

Persistent link: https://www.econbiz.de/10012970623

Lending Relationships and Monetary Policy

Aksoy, Yunus - 2016

Financial intermediation and bank spreads are important elements in the analysis of business cycle transmission and monetary policy. We present a simple framework that introduces lending relationships, a relevant feature of financial intermediation that has been so far neglected in the monetary...

Persistent link: https://www.econbiz.de/10012977413

The Bank Lending Channel and Monetary Policy Rules for European Banks : Further Extensions

Apergis, Nicholas - 2016

The monetary authorities affect the macroeconomic activity through various channels of influence. This paper examines the bank lending channel, which considers how central bank actions affect deposits, loan supply, and real spending. The monetary authorities influence deposits and loan supplies...

Persistent link: https://www.econbiz.de/10013008023

The International Bank Lending Channel of Monetary Policy Rates and QE : Credit Supply, Reach-for-Yield, and Real Effects

Morais, Bernardo - 2015

We identify the international credit channel of monetary policy by analyzing the universe of corporate loans in Mexico … European and U.S. banks in Mexico. We find that a softening of foreign monetary policy increases the supply of credit of ….K. monetary policy affects credit supply in Mexico via U.K. banks), in turn implying strong real effects, with substantially …

Persistent link: https://www.econbiz.de/10013014174

Risk-Taking Channel of Unconventional Monetary Policies in Bank Lending

Nakashima, Kiyotaka - 2020

higher credit risks from banks with lower liquidity ratios and higher risk appetites while an expansion of the monetary base …

Persistent link: https://www.econbiz.de/10012853686

Unconventional Monetary Policy and Bank Lending Relationships

Cahn, Christophe - 2020

-Term Refinancing Operations (VLTROs) which affected lending to firms discontinuously across credit ratings (i.e., within banks). We …

Persistent link: https://www.econbiz.de/10012854286