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Corporate finance and the transmission of shocks to the real economy

Bräuning, Falk; Fillat Comenge, José Luis; Joaquim, … - 2021 - This version: November 2021

Credit availability from different sources varies greatly across firms and has firm-level effects on investment … extensive and intensive margins of different funding sources to study the role of firm choices on the transmission of credit … mostly rely on a small number of banks and internal funding. Our quantitative analysis shows that bank credit supply shocks …

Persistent link: https://www.econbiz.de/10012796283

The determinants of pass-through of market conditions to bank retail interest rates in Belgium

De Graeve, Ferre; De Jonghe, Olivier; Vander Vennet, Rudi - 2004

We analyse the pass-through of money market rates to retail interest rates at the disaggregate level in the Belgian banking market. First, we measure the extent of pass-through for a total of fourteen products. We find that the response varies over loans and deposits and depends positively on...

Persistent link: https://www.econbiz.de/10011626254

The impact of quantitative easing on bank loan supply and monetary policy implementation in the euro area

Horst, Maximilian; Neyer, Ulrike - 2019

In March 2015, the Eurosystem launched its QE-programme. The asset purchases induced a rapid and strong increase in excess reserves, implying a structural liquidity surplus in the euro area banking sector. Against this background, the first part of this paper analyses the Eurosystem's liquidity...

Persistent link: https://www.econbiz.de/10012099037

A fistful of dollars : transmission of global funding shocks to EMs

Kumar, Shekhar Hari; Mathur, Aakriti - 2020

In this paper, we study transmission of global funding shocks to emerging economies (EMs) from the perspective of interbank markets. Money markets enable banks to engage in risk-sharing against liquidity shocks and are sensitive to global funding conditions. Accordingly, we first show that...

Persistent link: https://www.econbiz.de/10012171269

Macroeconomic Determinants of Loan Delinquencies : Evidence from the US Peer-to-Peer Lending Market

Nigmonov, Asror; Shams, Syed; Alam, Khorshed - 2021

macroeconomic factors that influence credit risk in the peer-to-peer (P2P) lending market. By aggregating the United States (US …

Persistent link: https://www.econbiz.de/10013230437

The impact of interest rate risk on bank lending

Beutler, Toni; Bichsel, Robert; Bruhin, Adrian; Danton, … - 2015

In this paper, we empirically analyze the transmission of realized interest rate risk - the gain or loss in bank economic capital due to movements in interest rates - to bank lending. We exploit a unique panel data set that contains supervisory information on the repricing maturity profiles of...

Persistent link: https://www.econbiz.de/10011396762

Financial systems and the role of banks in monetary policy transmission in the euro area

Ehrmann, Michael; Gambacorta, Leonardo; Martínez … - 2001

This paper offers a comprehensive comparison of the structure of banking and financial markets in the euro area. Based on this, several hypotheses about the role of banks in monetary policy transmission are developed. Many of the predictions that have been proposed for the U.S. are deemed...

Persistent link: https://www.econbiz.de/10011419463

Financial Systems and the Role of Banks in Monetary Policy Transmission in the Euro Area

Ehrmann, Michael - 2010

Persistent link: https://www.econbiz.de/10013134951

Regional Credit Channel – Euro Area Analysis

Ahtik, Meta - 2013

policy could have diverse effects in different euro area banking sectors (economies). Presence of (regional) credit channel … between deposit interest rate of credit institutions and central bank interest rate, banking sector characteristics variable …

Persistent link: https://www.econbiz.de/10013085311

The Mortgage Credit Channel of Macroeconomic Transmission

Greenwald, Daniel - 2018

, and economic activity. Monetary policy more easily stabilizes inflation, but contributes to larger fluctuations in credit …

Persistent link: https://www.econbiz.de/10012936473