question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …

question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …

This paper examines the effectiveness of macroprudential regulations in promoting bank stability and credit in the … Kenyan financial system. The study uses bank-level and nonbank credit data for the period 2001-2019 and applies a panel … credit market and domestic leakage associated with macroprudential regulations. The paper cautions policymakers to implement …

deregulation and estimate a large impact of this credit boom on asset prices. However, this direct effect---the focus of most … academic and policy work---is only half the story. As theory predicts, we find that unconstrained speculators front …

” accounting approaches are found not to reduce the cyclicality of accounting income or credit supply as long as banks cannot …

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. In a theoretical model, I examine why capital regulations give the …

by few banks who lend most of the credit to the real sector while borrowing interbank liquidity. The other shows a higher …

The consensus that changes in the supply of credit were irrelevant to making monetary policy decisions existed among … supply of credit, however, played an important role in the recent U.S. financial crisis. This paper explores the extent to … which policymakers should consider changes in the supply of credit when making forecasts and monetary policy decisions. More …

deteriorated credit ratings in economic downturns. We focus on the role of bank loan commitments, which have been increasingly … commitments channel." We find that, as firms draw down more from their pre-existing credit lines when credit market conditions are … quantitatively important and needs to be addressed in designing the regulatory framework for reducing credit procyclicality …

The Kenyan credit market is characterised by imperfections that manifest themselves in imbalances in the form of credit … gaps where supply deviates from its long-run trend. This paper extends the analysis of the credit market adjustment process … that closes the credit gap by estimating a Seemingly Unrelated regression (SUR) model. The empirical results show that the …