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Wray, L. Randall (contributor) - 2007

; Financial Instability ; Mortgage-backed Securities ; Subprime Mortgages …

Persistent link: https://www.econbiz.de/10003727248

Credit Risk in Commercial Real Estate Bank Loans : The Role of Idiosyncratic versus Macro-Economic Factors

Mokas, Dimitris - 2019

The commercial real estate market is pro-cyclical. This feature, together with the relative size of the industry and the large capital inflows, has made this sector relevant for financial stability. Using a novel loan level data set covering the commercial real estate portfolios of Dutch banks...

Persistent link: https://www.econbiz.de/10012863514

Risky Mortgages, Bank Leverage and Credit Policy

Ferrante, Francesco - 2016

Two key channels that allowed the 2007-2009 mortgage crisis to severely impact the real economy were: a housing net … of these new channels by considering two different shocks linked to the supply of mortgage credit: an increase in the … interventions that are able to reduce the severity of a mortgage crisis: debt relief for borrowing households and central bank …

Persistent link: https://www.econbiz.de/10014130918

The global financial cycle, monetary policies and macroprudential regulations in small, open economies

Bauer, Gregory H.; Pasricha, Gurnain Kaur; Sekkel, Rodrigo - 2016

This paper analyzes the implications of the global financial cycle for conventional and unconventional monetary policies and macroprudential policy in small, open economies such as Canada. The paper starts by summarizing recent work on financial cycles and their growing correlation across...

Persistent link: https://www.econbiz.de/10011520366

The SSM at 1

Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016

On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...

Persistent link: https://www.econbiz.de/10011557140

The interaction between macroprudential and monetary policies: the cases of Norway and Sweden

Cao, Jin; Dinger, Valeriya; Grodecka, Anna; Juelsrud, … - 2020 - This version: July, 2020

To shed light on the interaction between macroprudential and monetary policies, we study the inward transmission of foreign monetary policy in conjunction with domestic macroprudential and monetary policies in Norway and Sweden. Using detailed bank-level data we show how Norwegian and Swedish...

Persistent link: https://www.econbiz.de/10012243617

The interaction between macroprudential and monetary policies : the cases of Norway and Sweden

Cao, Jin; Dinger, Valeriya; Grodecka, Anna; Juelsrud, … - 2020

Persistent link: https://www.econbiz.de/10012271409

The effectiveness of stock prices on the phase of short-term interest rates : evidence from Eastern European countries

Yıldırım, Nurtac; Ozcelebi, Oguzhan; Kansu, Aydan - In: Advances in management & applied economics 3 (2013) 4, pp. 21-35

regime, namely Czech Republic, Poland, Russian Federation and Turkey. Empirical results point out that stock prices have an … impact on short term interest rates in Czech Republic, Poland, Russian Federation and Turkey but the effect is statistically …

Persistent link: https://www.econbiz.de/10009759715

Financial stability considerations for monetary policy : theoretical mechanisms

Ajello, Andrea; Boyarchenko, Nina; Gourio, François; … - 2022

This paper reviews the theoretical literature at the intersection of macroeconomics and finance to draw lessons on the connection between vulnerabilities in the financial system and the macroeconomy, and on how monetary policy affects that connection. This literature finds that financial...

Persistent link: https://www.econbiz.de/10012819348

Reversal interest rate and macroprudential policy

Darracq Pariès, Matthieu; Kok Sørensen, Christoffer; … - 2020

Could a monetary policy loosening entail the opposite effect than the intended expansionary impact in a low interest rate environment? We demonstrate that the risk of hitting the rate at which the effect reverses depends on the capitalization of the banking sector by using a non-linear...

Persistent link: https://www.econbiz.de/10012312177