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Bank diversification and the effectiveness of monetary policy transmission : evidence from the bank lending channel in Vietnam

Van Dan Dang; Dang Van Cuong - In: Cogent economics & finance 9 (2021) 1, pp. 1-20

The study empirically examines the impact of bank diversification on monetary policy transmission through the bank lending channel. Based on monetary and bank-level data from 2008 to 2018 in Vietnam, a diverse environment of monetary policy tools, results show that bank diversification...

Persistent link: https://www.econbiz.de/10013183758

Did interest rates at the zero lower bound affect lending of commercial banks? : evidence for the euro area

Belke, Ansgar; Dreger, Christian - 2019

The paper examines the bank lending activities of banks in a low interest rate environment. External financing of small- and medium-sized enterprises in the euro area primarily takes place via bank loans and not through capital markets. Based on the Bankscope database, bank balance sheet data is...

Persistent link: https://www.econbiz.de/10012063954

Negative interest rates, excess liquidity and retail deposits : banks' reaction to unconventional monetary policy in the euro area

Demiralp, Selva; Eisenschmidt, Jens; Vlassopoulos, Thomas - 2019

Negative interest rate policy (NIRP) is associated with a particular friction. The remuneration of banks' retail deposits tends to be floored at zero, which limits the typical transmission of policy rate cuts to bank funding costs. We investigate whether this friction affects banks' reactions...

Persistent link: https://www.econbiz.de/10012098146

Sovereign stress, banking stress, and the monetary transmission mechanism in the Euro area

Holtemöller, Oliver; Scherer, Jan-Christopher - 2018

In this paper, we investigate to what extent sovereign stress and banking stress have contributed to the increase in the level and in the heterogeneity of nonfinancial firms' financing costs in the Euro area during the European debt crisis and how both have affected the monetary transmission...

Persistent link: https://www.econbiz.de/10011787375

Sovereign stress, banking stress, and the monetary transmission mechanism in the Euro area

Holtemöller, Oliver; Scherer, Jan-Christopher - 2018

In this paper, we investigate to what extent sovereign stress and banking stress have contributed to the increase in the level and in the heterogeneity of non-financial firms' financing costs in the Euro area during the European debt crisis and how both have affected the monetary transmission...

Persistent link: https://www.econbiz.de/10011797419

Negative interest rates, excess liquidity and bank business models : banks' reaction to unconventional monetary policy in the euro area

Demiralp, Selva; Eisenschmidt, J.; Vlassopoulos, T. - 2017

In June 2014 the ECB became the first major central bank to lower one of its key policy rates to negative territory. The theoretical and empirical literature is silent on whether banks’ reaction would be different when the policy rate is lowered to negative levels compared to a standard...

Persistent link: https://www.econbiz.de/10011635511

Monetary normalizations and consumer credit : evidence from Fed liftoff and online lending

Bertsch, Christoph; Hull, Isaiah; Zhang, Xin - 2016 - Revised May 2017

On December 16th of 2015, the Fed initiated "liftoff", a critical step in the monetary normalization process. We use a unique panel dataset of 640,000 loan-hour observations to measure the impact of liftoff on interest rates, demand, and supply in the online primary market for uncollateralized...

Persistent link: https://www.econbiz.de/10011901382

Monetary policy transmission through shadow and traditional banks

Enkhbold, Amina - 2024 - Last updated: March 21, 2024

I investigate how monetary policy transmits to mortgage rates via the mortgage market concentration channel for both traditional and shadow banks in the United States from 2009 to 2019. On average, shadow and traditional banks exhibit only a slight disparity in transmitting monetary shocks to...

Persistent link: https://www.econbiz.de/10014512429

Negative rates, monetary policy transmission and cross-border lending via international financial centres

Andreeva, Desislava Č.; Coman, Andra; Everett, Mary; … - 2023

We study the effects of negative interest rate policies (NIRP) on the transmission of monetary policy through cross-border lending. Using bank-level data from international financial centres - the United Kingdom, Hong Kong and Ireland - we examine how NIRP in the economies where banks have their...

Persistent link: https://www.econbiz.de/10013547998

Money market rates and retail interest regulation in China : the disconnect between interbank and retail credit conditions

Porter, Nathaniel John; Xu, TengTeng - 2013

Interest rates in China are composed of a mix of both market-determined interest rates (interbank rates and bond yields …), and regulated interest rates (retail lending and deposit rates), reflecting China's gradual process of interest rate … liberalization. This paper investigates the main drivers of China's interbank rates by developing a stylized theoretical model of …

Persistent link: https://www.econbiz.de/10009757286