Similar Search Results

Hamao, Yasushi; Kutsuna, Kenji; Peek, Joe - 2012 - This version: September 28, 2012

availability by including a set of unlisted firms (which are the firms most likely to be bank dependent) in the analysis, and by … data on ownership by banks are available, a higher concentration of ownership of the firm by either the main bank or the … firm's top three lenders increases the likelihood of the firm obtaining increased loans, suggesting that bank ownership of …

Persistent link: https://www.econbiz.de/10009665488

House prices, credit and willingess to lend

Carrington, Sarah J.; Madsen, Jakob Brøchner - 2011

This paper establishes a Tobin.s q model in which house prices fluctuate around their long run equilibrium due to fluctuations in credit availability and income. It is shown that house prices are positively related to credit in the short run, however, negatively related to the availability of...

Persistent link: https://www.econbiz.de/10009011321

Shocks to bank lending, risk-taking, securitization, and their role for US business cycle fluctuations

Peersman, Gert; Wagner, Wolf - 2014

Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and monetary … type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank … using a model of bank risk-taking and securitization. …

Persistent link: https://www.econbiz.de/10010257361

The loan puzzle : a study of loans to different groups in the USA.

Cafiso, Gianluca - 2020

We study loans from banking and non-banking lenders to different groups of borrowers in order to unveil significant differences on how those respond to a shock and evaluate possible alternative explanations for such differences. The objective is to gain insights useful to explain the loan...

Persistent link: https://www.econbiz.de/10012194423

A financial conditions index for the United States

Beaton, Kimberly; Lalonde, René; Luu, Corinne - 2009

The financial crisis of 200709 has highlighted the importance of developments in financial conditions for real economic activity. The authors estimate the effect of current and past shocks to financial variables on U.S. GDP growth by constructing two growthbased financial conditions indexes...

Persistent link: https://www.econbiz.de/10003933229

Real Effects of Stabilizing Private Money Creation

Xu, Chenzi; Yang, He - National Bureau of Economic Research - 2022

We show that decentralized privately created money with unstable values can hinder the traded, more transaction-friction sensitive, sector of the economy. We do so in the context of the NationalBanking Act of 1864 in the United States that created a new federally-regulated, fully-backed currency...

Persistent link: https://www.econbiz.de/10013210088

Does interbank market matter for business cycle fluctuation? : an estimated DSGE model with financial frictions for the Euro area

Giri, Federico - 2014

do that, we build a DSGE model with heterogeneous households and banks. The surplus bank can allocate its resources …

Persistent link: https://www.econbiz.de/10010463477

Monetary policy after the crisis : a joint publication with the National Bank of Poland

Gnan, Ernest (ed.); Kokoszcynski, Ryszard (ed.); … - Conference Monetary Policy after the Crisis <2011, Warschau>; … - 2011

On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a …

Persistent link: https://www.econbiz.de/10011710723

Pure theory of the federal funds rate

Homburg, Stefan - 2016

bank incentives. …

Persistent link: https://www.econbiz.de/10011517427

Money and liquidity in financial markets

Nyborg, Kjell G.; Östberg, Per - 2010

We argue that there is a connection between the interbank market for liquidity and the broader financial markets, which has its basis in demand for liquidity by banks. Tightness in the interbank market for liquidity leads banks to engage in what we term “liquidity pull-back,” which involves...

Persistent link: https://www.econbiz.de/10003979994