The hypothetical existence of rationing in the credit market is of paramount importance to understand the transmission mechanism of monetary policy. Two indirect empirical tests of credit rationing are presented and discussed using Portuguese data. The first test is a stickiness test to the...

Lies near the Eurasia and Indo-Australia’s border plate, Indonesia is categorized as natural disaster prone areas. It is common for Indonesian to experience earthquakes that occurs due to volcanic activities or ground movement. The most frequent natural disasters hit these districts are:...

We use primary data compiled from the field in 34 randomly selected villages in Bangladesh to examine the role of bank-borrower relationships in the application and approval stages of microcredit. We find evidence that potential borrowers who have maintained membership for a long time, and who...

We use primary data compiled from the field in 34 randomly selected villages in Bangladesh to examine the role of bank-borrower relationships in the application and approval stages of microcredit. We find evidence that potential borrowers who have maintained membership for a long time, and who...

When the nominal interest rate reaches its zero lower bound, credibility is crucial for conducting forward guidance. We determine optimal policy in a New Keynesian model when the central bank has imperfect credibility and cannot set the nominal interest rate below zero. In our model, an...

Similarities between the US, the UK and the Chinese housing markets, including the movements of interest rates and house prices, and the exposure of some Chinese banks to the US mortgage securitization market, have triggered concern about whether China could experience a US-style credit and...

Umfrageergebnisse deuten seit einiger Zeit auf eine leichte Verbesserung in der Kreditversorgung der Unternehmen hin. Indikatoren, wie die Eigenkapitalausstattung der Unternehmen und der Banken oder auch die Kreditausfallraten in den Büchern der Kreditinstitute, weisen dagegen noch nicht...

Ende April 2010 verbesserte sich nach den Angaben der vom ifo Institut befragten Unternehmen zum vierten Mal in Folge die Kreditvergabe seitens der Banken. Bei der Umfrage für die gewerbliche Wirtschaft meldeten noch 36,1% der Firmen eine zurückhaltende Kreditvergabe. Dennoch ist die Situation...