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Banking Competition and the Lending Channel : Evidence from Bank-Level Data in Asia and Latin America
Olivero, Maria Pia - 2009
This paper examines how banking competition affects the transmission of monetary policy through the bank lending … consistent evidence that increased competition in the banking sector weakens the bank lending channel. This is especially so for … Asia, making the bank lending channel weaker there. We also discuss policy implications of the main findings of the paper …
Persistent link: https://www.econbiz.de/10013156768
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Product market structure and monetary policy : evidence from the euro area
Ferrando, Annalisa; McAdam, Peter; Petroulakis, Filippos; … - 2021
be conditioned by the degree of market competition. We first identify conditions under which changes in marginal costs … competition setting. We then exploit changes in monetary policy to examine whether the pass-through of borrowing costs is affected …
Persistent link: https://www.econbiz.de/10012745332
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Competition in banking and the lending channel : evidence from bank-level data in Asia and Latin America
Olivero, María Pía; Li, Yuan; Jeon, Bang-nam - In: Journal of banking & finance 35 (2011) 3, pp. 560-571
Persistent link: https://www.econbiz.de/10009159720
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External Debt, Currency Risk, and International Monetary Policy Transmission
Wiriadinata, Ursula - 2018
I argue that countries' dollar-denominated net external debt (dollar debt) helps explain the large differences in risk premia across currencies and how U.S. monetary policy affects the global economy. When the U.S. dollar strengthens, the real value of dollar debt increases, weakening the...
Persistent link: https://www.econbiz.de/10012915245
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Exchange Rate Volatility and the Credit Channel in the Emerging Markets : A Vertical Perspective
Caballero, Ricardo J.; Krishnamurthy, Arvind - 2004
Firms in emerging markets are exposed to severe financial frictions and credit constraints, that are exacerbated by the sudden stop of capital inflows. Can monetary policy offset this external credit squeeze? We show that although this may be the case during moderate contractions (or in partial...
Persistent link: https://www.econbiz.de/10014071372
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Product market structure and monetary policy: Evidence from the euro area
Ferrando, Annalisa; McAdam, Peter; Petroulakis, Filippos; … - 2021
be conditioned by the degree of market competition. We first identify conditions under which changes in marginal costs … competition setting. We then exploit changes in monetary policy to examine whether the pass-through of borrowing costs is affected …
Persistent link: https://www.econbiz.de/10012819046
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Unofficial Dollarization in Latin America: Currency Substitution, Network Externalities and Irreversibility
Feige, Edgar L.; Šošiæ, Vedran; Faulend, Michael; … - EconWPA - 2002
US dollars, we obtain unique measures of currency substitution, asset substitution, dollarization, and bank credibility …
Persistent link: https://www.econbiz.de/10005556619
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Responding to Banking Crises : Capital Controls and Public Support to Banks
Gete, Pedro - 2017
This paper analyzes banking crises using a quantitative model with equilibrium default for both firms and banks. The main results are: 1) small open economies have larger banking crises than closed or large economies. Constant international rates do not mitigate interbank spreads and amplify...
Persistent link: https://www.econbiz.de/10012959300
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Exceptionally Low Interest Rate Policy, Risk-Taking Channel, and Bank Competition : Evidence from Loan-level Data
Shikimi, Masayo - 2021
This study investigates how bank competition affects the transmission of monetary policy through risk-taking channel … lending is enhanced by bank competition. We find that transmission of monetary policy through risk taking channel vary … according to bank competition. Risky lending by banks with poor capital during the low interest rate period is enhanced by bank …
Persistent link: https://www.econbiz.de/10013235464
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The effect of banking market structure on the lending channel: Evidence from emerging markets
Amidu, Mohammed; Wolfe, Simon - In: Review of Financial Economics 22 (2013) 4, pp. 146-157
This paper analyses the extent to which the level of bank competition influences monetary policy transmission. Using a …, our results show that an increase in banking sector competition weakens the effectiveness of monetary policy on bank …
Persistent link: https://www.econbiz.de/10010875044