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The transmission of monetary policy, especially in light of recent events, has received increased attention, especially with respect to the efficacy of the bank lending channel. This paper summarizes the issues associated with isolating the bank lending channel and determining the extent to...
Persistent link: https://www.econbiz.de/10010126905
of new coronavirus (COVID-19) pandemic. We focus on monetary, microprudential and macroprudential policies designed … with the pandemic response measures, banks' ability to supply credit would have been severely affected. The results also … measures in supporting liquidity conditions and helping to sustain the flow of credit to the private sector. Finally, we …
Persistent link: https://www.econbiz.de/10012271571
-19 pandemic, and the joint effect of bank individual factors and the coronavirus has been under-researched so far. To … sample of representative commercial banks on a quarterly basis for a small open emerging market such as Vietnam. We find that … monetary policy loosening are more pronounced in banks with small size, high liquidity, low capitalization, and high credit …
Persistent link: https://www.econbiz.de/10014431861
The paper investigates transmission of different foreign and domestic shocks to bank lending activity in Bosnia and Herzegovina through the bank lending channel. The bank lending channel is analyzed in a time series cross sectional data framework for the period 2006q1-2014q1, investigating...
Persistent link: https://www.econbiz.de/10011279756
that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings. …
Persistent link: https://www.econbiz.de/10011493763
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
The coronavirus outbreak raises the question of how central bank liquidity support affects financial stability and …
Persistent link: https://www.econbiz.de/10012224329
This paper investigates the risk channel of monetary policy on the asset side of banks' balance sheets. We use a factoraugmented vector autoregression (FAVAR) model to show that aggregate lending standards of U.S. banks, such as their collateral requirements for firms, are significantly loosened...
Persistent link: https://www.econbiz.de/10010422940
This paper investigates the risk channel of monetary policy on the asset side of banks' balance sheets. We use a factoraugmented vector autoregression (FAVAR) model to show that aggregate lending standards of U.S. banks, such as their collateral requirements for firms, are significantly loosened...
Persistent link: https://www.econbiz.de/10010432276
States, the paper shows that, following the Reserve Bank of India's aggressive monetary easing measures, bank credit growth …
Persistent link: https://www.econbiz.de/10013147797