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Macro and micro of external finance premium and monetary policy transmission

Altavilla, Carlo; Gürkaynak, Refet S.; Quaedvlieg, Rogier - 2024

We establish basic facts about the external finance premium. Tens of millions of individual loan contracts extended to euro area firms allow studying the determinants of the external finance premium at the country, bank, firm, and contract levels of disaggregation. At the country level, the...

Persistent link: https://www.econbiz.de/10014527119

Global liquidity and impairment of local monetary policy

Fendoğlu, Salih; Gülşen, Eda; Peydró, José-Luis - 2019

Persistent link: https://www.econbiz.de/10012176126

Global liquidity and impairment of local monetary policy

Fendoğlu, Salih; Gülşen, Eda; Peydró, José-Luis - 2019 - This version: November 2019

Persistent link: https://www.econbiz.de/10012198173

Global liquidity and impairment of local monetary policy

Peydró, José-Luis; Fendoglu, Salih; Gulsen, Eda - 2020

Persistent link: https://www.econbiz.de/10012302153

Market discipline and liquidity risk : evidence from the interbank funds market

Sarmiento, Miguel - 2016

demand for liquidity in the interbank market as wells as banks' access to this market. Results indicate that riskier banks … pay higher prices and borrow less liquidity, concurrent with the existence of market discipline. More capitalized and … higher prices and hoard liquidity when liquidity positions across them are more imbalanced and during a monetary policy …

Persistent link: https://www.econbiz.de/10011554714

Cross-border transmission of emergency liquidity

Kick, Thomas; Koetter, Michael; Storz, Manuela - 2016

We show that emergency liquidity provision by the Federal Reserve transmitted to non-U.S. banking markets. Based on … lending and borrowing rates of banks with and without such access. U.S. liquidity shocks cause a significant decrease in the …

Persistent link: https://www.econbiz.de/10011538689

Frictional asset markets and the liquidity channel of monetary policy

Herrenbrueck, Lucas - In: Journal of economic theory 181 (2019), pp. 82-120

Persistent link: https://www.econbiz.de/10012131810

Global liquidity and the impairment of local monetary policy transmission

Fendoğlu, Salih; Gülşen, Eda; Peydró, José-Luis - Türkiye Cumhuriyet Merkez Bankası - 2019

Persistent link: https://www.econbiz.de/10012110053

The limits of monetary economics : on money as a medium of exchange in near-cashless credit economies

Lagos, Ricardo; Zhang, Shengxing - 2019

Persistent link: https://www.econbiz.de/10012199232

What are the real effects of financial market liquidity? : evidence on bank lending from the euro area

Dombret, Andreas R.; Foos, Daniel; Pliszka, Kamil; … - 2018

We analyze the impact of market liquidity on bank lending in the euro area for different segments over the period 2003 … to 2016. Our results on the aggregate level show that market liquidity is positively related to loan volumes and … liquidity has an asymmetric effect on bank lending: The negative impact of a reduction in liquidity is more significant than the …

Persistent link: https://www.econbiz.de/10011897986