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Beyond the Zero Lower Bound : Negative Policy Rates and Bank Lending

Tan, Garyn - 2019

How do banks operate in a negative policy rate environment? Bank profitability is threatened by policy rate cuts in negative territory because the zero lower bound on retail deposit rates prevents banks from benefiting from cheaper deposit funding costs. Contrary to some earlier research, this...

Persistent link: https://www.econbiz.de/10012861487

Quantitative Easing and Bank Lending : A Panel Data Approach

Joyce, Michael - 2014

Studies of the Bank of England's quantitative easing (QE) policy have tended to focus on its impact on financial markets and the broader macroeconomy. Less attention has been given to the effect on banks' balance sheets and bank lending. In this paper we use a new non-publicly available panel...

Persistent link: https://www.econbiz.de/10013048392

The Bank Lending Channel of Unconventional Monetary Policy : The Impact of the VlLTROs on Credit Supply in Spain

Garcia-Posada, Miguel - 2015

We assess the impact on the credit supply to non-financial corporations of the two very-long-term refinancing … two main identification challenges: (i) how to disentangle credit supply from demand; and (ii) the endogeneity of VLTRO … restrict credit supply. First, we exploit the fact that many firms simultaneously borrow from several banks to effectively …

Persistent link: https://www.econbiz.de/10013024247

Bank risk-taking and impaired monetarypolicy transmission

Koenig, Philipp J.; Schliephake, Eva - 2021

We consider a standard banking model with agency frictions to simultaneously studythe weakening and reversal of monetary transmission and banks’ risk-taking in alow-interest environment. Both, weaker monetary transmission and higher risk-taking arise because lower policy rates impair banks’...

Persistent link: https://www.econbiz.de/10012671255

Mixing QE and interest rate policies at the effective lower bound : micro evidence from the euro area

Bittner, Christian; Rodnyansky, Alexander; Saidi, Farzad; … - 2021 - First version: June 15, 2021, this version: October 12, 2021

-area syndicated lending data and the German credit registry, we provide evidence that deposit-reliant banks with relatively higher …

Persistent link: https://www.econbiz.de/10012649768

Empirical Evidence of the Lending Channel of Monetary Policy under Negative Interest Rates

Boungou, Whelsy - 2021

Does the lending channel of monetary policy operate under a negative interest rate policy (NIRP)? The purpose of this study is to shed light on the existence of a lending channel of monetary policy under NIRP. To do so, we aim to provide an in-depth analysis of the relationship between NIRP and...

Persistent link: https://www.econbiz.de/10013221550

Does Bank Efficiency Affect the Bank Lending Channel in China?

Fungáčová, Zuzana; Kerola, Eeva; Weill, Laurent - 2021

This work examines the impact of bank efficiency on the bank lending channel in China. Using a sample of 175 Chinese banks over the period 2006–2017, we investigate how the reaction of the loan supply to monetary policy actions depends on a bank’s efficiency. While bank efficiency does not...

Persistent link: https://www.econbiz.de/10013247758

Banks' Exposure to Interest Rate Risk and the Transmission of Monetary Policy

Gomez, Matthieu; Landier, Augustin; Sraer, David Alexandre - 2021

banks and firms, we use loan-level data and compare the supply of credit to the same firm by banks with different income gap …

Persistent link: https://www.econbiz.de/10013248843

Real effects of financial market integration : evidence from an ECB collateral framework change

Hüttl, Pia; Kaldorf, Matthias - 2022

without such assets. The effect is driven by core banks increasing credit supply to riskier and less productive firms located …

Persistent link: https://www.econbiz.de/10013279271

Bank diversification and the effectiveness of monetary policy transmission : evidence from the bank lending channel in Vietnam

Van Dan Dang; Dang Van Cuong - In: Cogent economics & finance 9 (2021) 1, pp. 1-20

The study empirically examines the impact of bank diversification on monetary policy transmission through the bank lending channel. Based on monetary and bank-level data from 2008 to 2018 in Vietnam, a diverse environment of monetary policy tools, results show that bank diversification...

Persistent link: https://www.econbiz.de/10013183758