Similar Search Results

Heider, Florian; Saidi, Farzad; Schepens, Glenn - 2021

In this paper, we survey the nascent literature on the transmission of negative policy rates. We discuss the theory of how the transmission depends on bank balance sheets, and how this changes once policy rates become negative. We review the growing evidence that negative policy rates are...

Persistent link: https://www.econbiz.de/10012518247

Monetary policy in a low interest rate environment : reversal rate and risk-taking

Heider, Florian; Leonello, Agnese - 2021

Using new quarterly narrative evidence, this paper examines the macroeconomic impact of reforms of unemployment benefits (UB) and employment protection legislation (EPL) in the euro area from a Bayesian narrative panel VAR. The approach complements existing micro-econometric evidence by aligning...

Persistent link: https://www.econbiz.de/10012627882

Interbank rate uncertainty and bank lending

Altavilla, Carlo; Carboni, Giacomo; Lenza, Michele; … - 2019

This paper investigates the effects of interbank rate uncertainty on lending rates to euro area firms. We introduce a novel measure of interbank rate uncertainty, computed as the cross-sectional dispersion in interbank market rates on overnight unsecured loans. Using proprietary bank-level data,...

Persistent link: https://www.econbiz.de/10012059036

How banks respond to negative interest rates : evidence from the Swiss exemption threshold

Basten, Christoph; Mariathasan, Mike - 2018

We analyze the effect of negative monetary policy rates on banks, using detailed supervisory information from Switzerland. For identification, we compare changes in the behavior of banks that had different fractions of their central bank reserves exempt from negative rates. More affected banks...

Persistent link: https://www.econbiz.de/10011795014

Monetary policy transmission to mortgages in a negative interest rate environment

Amzallag, Adrien; Calza, Alessandro; Georgarakos, Dimitris - 2019

Do negative policy rates hinder banks' transmission of monetary policy? To answer this question, we examine the behaviour of Italian mortgage lenders using a novel loan-level dataset. When policy rates turn negative, banks with higher ratios of retail overnight deposits to total assets charge...

Persistent link: https://www.econbiz.de/10011975610

The new normal: bank lending and negative interest rates in Austria

Barmeier, Marcel - 2022

Evidence on the effects of negative interest rates on bank lending is inconclusive so far. By applying a difference-in-difference estimation using granular loan level data with a large coverage from Austria, I show, contrary to some previous findings, that the introduction of a negative deposit...

Persistent link: https://www.econbiz.de/10013332415

Lending rate and commercial bank lending in Nigeria

Yunusa, Lateef Adewale; Ariyibi, Mayowa Ebenezer; … - In: Economic review : journal of economics & business 19 (2021) 2, pp. 65-76

The increase in the lending rate in Nigeria has affected the borrowers in the financial system and it has invariably reduced the pace of economic activities in the country. Such a situation created the need to examine the impact of the lending rate on bank lending in Nigeria. The study made use...

Persistent link: https://www.econbiz.de/10014466513

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

Excess reserves and monetary policy tightening

Fricke, Daniel; Greppmair, Stefan; Paludkiewicz, Karol - 2024 - This draft: February 2, 2024

We show that the transmission of the European Central Bank’s (ECB) recent monetary policy tightening differs across banks depending on their level of excess reserves. Specifically, the net worth of reserve-rich banks may display a boost when the interest rate paid on reserves increases...

Persistent link: https://www.econbiz.de/10014481115

Studie zu Dispozinsen / Ratenkrediten - Forschungsvorhaben zur Bereitstellung wissenschaftlicher Entscheidungshilfe für das Bundesministerium für Ernährung, Landwirtschaft und Verb...

Dick, Christian D.; Knobloch, Michael; Al-Umaray, Kerim S. - 2012

Fehlnutzungen zu vermeiden: hierzu gehören eine klare Wucher- bzw. Preisobergrenze und eine hervorgehobene Preisangabe in der … Konditionen. Es ist möglich, dass klare Wucher- bzw. Preisobergrenzen zu einer Kostenverlagerung führen; dies kann anhand dieser … different legal rules, among such possible regulations are clear usury ceilings, prominent price disclosure in advertisements …

Persistent link: https://www.econbiz.de/10010310619