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Bank lending standards over the cycle : the role of firms' productivity and credit risk

Jiménez, Gabriel; Vegas, Raquel; Moral-Benito, Enrique - 2018

Persistent link: https://www.econbiz.de/10011928231

Higher bank capital requirements and mortgage pricing : evidence from the Counter-Cyclical Capital Buffer

Basten, Christoph; Koch, Cathérine - 2014

We examine mortgage pricing before and after Switzerland was the first country to activate the Counter-Cyclical Capital Buffer of Basel III. Observing multiple mortgage offers per request, we obtain three core findings. First, capitalconstrained and mortgage-specialized banks raise their rates...

Persistent link: https://www.econbiz.de/10010402680

The analytical credit dataset : a magnifying glass for analysing credit in the euro area

Israël, Jean-Marc; Damia, Violetta; Bonci, Riccardo; … - 2017

In May 2016 the Governing Council adopted the AnaCredit Regulation (ECB/2016/13) providing the legal basis for the European System of Central Banks (ESCB) to collect granular information on loans from banks to corporates and other legal persons based on a core set of harmonised concepts and...

Persistent link: https://www.econbiz.de/10011639632

What drives banks' credit standards? : an analysis based on a large bank-firm panel

Faccia, Donata; Hünnekes, Franziska; Köhler-Ulbrich, Petra - 2024

In this paper we build a unique dataset to study how banks decide which firms to lend to and how this decision depends on their own situation and the characteristics of their borrowers. We find that weaker capitalised banks adjust their credit standards more than healthier banks, especially for...

Persistent link: https://www.econbiz.de/10014486705

The aggregate consequences of default risk : evidence from firm-level data

Besley, Timothy; Roland, Isabelle; Van Reenen, John - 2020

This paper studies the implications of perceived default risk for aggregate output and productivity. Using a model of … credit across firms with heterogeneous productivity. Further, we find that these losses accounted for over half of the … productivity fall between 2008 and 2009, and persisted for smaller (although not larger) firms. …

Persistent link: https://www.econbiz.de/10012241111

Financial stability policies and bank lending : quasi-experimental evidence from Federal Reserve interventions in 1920-21

Rieder, Kilian - 2020

I estimate the comparative causal effects of monetary policy "leaning against the wind" (LAW) and macroprudential policy on bank-level lending and leverage by drawing on a single natural experiment. In 1920, when U.S. monetary policy was still decentralized, four Federal Reserve Banks...

Persistent link: https://www.econbiz.de/10012318753

Quantitative easing,safe asset scarcity and bank lending

Tischer, Johannes - 2021

The Eurosystem’s Public Sector Purchase Programme (PSPP) increased the scarcity of safe assets, which caused significant declines and substantial dispersion in European repo rates. However, banks holding these safe assets benefited from this development: First, using the German security...

Persistent link: https://www.econbiz.de/10012651072

Requirements for intermediaries and advisors in the area of mortgages resulting from Mortgage Credit Directive : implications for Poland

Waliszewski, Krzysztof - In: E-Finanse : finansowy kwartalnik internetowy 11 (2015) 2, pp. 18-31

The dynamic development of the mortgage market, especially in the period before the current financial crisis, revealed that within the EU there are local mortgage credit markets and that it is necessary to harmonize the rules of the system and consumer protection within the Community. The...

Persistent link: https://www.econbiz.de/10011397800

Credit standards and capital allocation in a low interest rate environment

Andersen, Svend Greniman; Kuchler, Andreas - 2016

Using firm-level data from surveys and financial statements, this paper presents an analysis of credit standards, capital allocation and financial conditions of non-financial enterprises in Denmark since the beginning of the financial crisis. The analysis indicates that low interest rates and...

Persistent link: https://www.econbiz.de/10011489436

Credit Lines and Capital Adequacy

Foote, Elizabeth - 2011

I show how capital regulations, by imposing a low or zero cost on undrawn credit lines, can lead to ex post misallocation of credit across different borrowers following a market shock. This effect is in addition to the liquidity impact of credit line drawdowns highlighted by previous literature....

Persistent link: https://www.econbiz.de/10013129065