Results 11 to 20 of about 2,812,773 (300)
The Bank Lending Channel Reconsidered [PDF]
SSRN Electronic Journal, 2009 It has been widely accepted that constraints on the wholesale funding of bank balance sheets amplify the transmission of monetary policy through what is called the 'bank lending channel'. We show that the effect of such bank balance sheet constraints on monetary transmission is in fact theoretically ambiguous, with the prior expectation, based on ...
Milne , Alistair, Wood, Geoffrey
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Loan Types and the Bank Lending Channel [PDF]
SSRN Electronic Journal, 2020 Using credit-registry data for Spain and Peru, we document that four main types of commercial credit—asset-based loans, cash flow loans, trade finance and leasing—are easily identifiable and represent the bulk of corporate credit. We show that credit growth dynamics and bank lending channels vary across these loan types.
Ivashina, Victoria +2 more
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FOREIGN BANKS AND THE BANK LENDING CHANNEL [PDF]
Economic Inquiry, 2018 We provide new evidence on bank ownership and transmission of monetary policy using bank‐level data on 453 banks in Central and Eastern European economies between 1998 and 2012. Only domestic banks adjust loans to changes in monetary policy, while foreign banks do not. Conventional wisdom says that this is because foreign banks can rely on parent banks'
Piotr Denderski, Wojtek Paczos
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Securitisation and the bank lending channel [PDF]
European Economic Review, 2007 Abstract The dramatic increase in securitisation activity experienced in Europe in the years following the introduction of the euro has altered the liquidity, credit and maturity transformation role traditionally performed by banks. We claim that the changing role of credit intermediaries due to securitisation has also modified the effectiveness of ...
Altunbas, Yener +2 more
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The real effects of the bank lending channel
Journal of Monetary Economics, 2020 This paper studies credit booms exploiting the Spanish matched credit register over 2001–2009. We extend Khwaja and Mian’s (2008) loan-level estimator by incorporating firm-level general equilibrium adjustments. Higher ex-ante bank real-estate exposure increases credit supply to non-real-estate firms, but effects are neutralized by firm-level ...
Jimenez G. +3 more
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Banking Globalization, Monetary Transmission and the Lending Channel [PDF]
SSRN Electronic Journal, 2008 The globalization of banking in the United States is influencing the monetary transmission mechanism both domestically and in foreign markets. Using quarterly information from all U.S. banks filing call reports between 1980 and 2005, we find evidence for the lending channel for monetary policy in large banks, but only those banks that are domestically ...
Nicola Cetorelli, Linda S. Goldberg
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Banks and monetary transmission in Europe: empirical evidence
PSL Quarterly Review, 2013 The present work examines bank lending behaviour in continental Europe. An empirical analysis is performed using bank-level panel data for fiscal years 1990-1995 to investigate the existence of a bank lending and balance sheet channel in Europe.
G.J. DE BONDT G.J.
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The Bank Lending Channel Revisited [PDF]
SSRN Electronic Journal, 2010 A central proposition in research on the role of banks in the transmission mechanism is that monetary policy imparts a direct impact on deposits and that deposits act as the driving force of bank lending. This paper argues that the emphasis on policy-induced changes in deposits is misplaced.
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FINANCIAL DEREGULATION AND THE BANK LENDING CHANNEL IN DEVELOPING COUNTRIES: THE CASE OF INDONESIA
Buletin Ekonomi Moneter dan Perbankan, 2003 The dominant role of commercial banks as a source of finance and the considerable asymmetry of information in financial markets in developing countries have raised an argument that the bank lending channel of monetary transmission mechanism would be very
Juda Agung
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The Bank Lending Channel of Monetary Policy? The Panel Evidence from Egypt
Gadjah Mada International Journal of Business, 2014 This paper examines the relevance of the bank lending channel of monetary policy in Egypt using bank-level data. Previous empirical studies in Egypt that used macro-level data have not supported the relevance of the bank lending channel. However, using a
Mohamed Aseel Shokr +3 more
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