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Bank Heterogeneity and Monetary Policy Transmission
Brissimis, Sophocles N. - 2010
this policy through banks. This paper examines the role of bank liquidity, capitalization and market power as internal … monetary policy change on bank performance is also considered. The empirical analysis, using large panel datasets for the … rates by disaggregating down to the individual bank level. This is achieved by the use of a Local GMM technique that also …
Persistent link: https://www.econbiz.de/10013139446
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Bank mergers, competition and liquidity
Carletti, Elena; Hartmann, Philipp; Spagnolo, Giancarlo - 2003
Persistent link: https://www.econbiz.de/10011604338
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What drives EU banks’ stock returns? Bank-level evidence using the dynamic dividend-discount model
Castrén, Olli; Fitzpatrick, Trevor; Sydow, Matthias - 2006
expected return news component - as opposed to the bank-specific news, typically assumed to be incorporated in the cash …
Persistent link: https://www.econbiz.de/10011604723
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Bank Capital and Liquidity Creation : Granger-Causality Evidence
Horvath, Roman - 2012
We examine the relation between capital and liquidity creation. This issue is interesting because of the potential impact on liquidity creation from tighter capital requirements such as those in Basel III. We perform Granger-causality tests in a dynamic GMM panel estimator framework on an...
Persistent link: https://www.econbiz.de/10013097759
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The Business Cycle Implications of Banks' Maturity Transformation
Andreasen, Martin M. - 2012
This paper develops a DSGE model where banks use short-term deposits to provide firms with long-term credit. The demand for long-term credit arises because firms borrow in order to finance their capital stock which they only adjust at infrequent intervals. Within an RBC framework, we show that...
Persistent link: https://www.econbiz.de/10013099027
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When Losses Turn into Loans : The Cost of Undercapitalized Banks
Blattner, Laura - 2019
natural experiment to study the effects of reduced bank capital adequacy on productivity. Affected banks respond not only by …
Persistent link: https://www.econbiz.de/10012889191
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A Dynamic Model of Bank Behaviour under Multiple Regulatory Constraints
Behn, Markus - 2019
We develop a dynamic structural model of bank behaviour that provides a microeconomic foundation for bank capital and …
Persistent link: https://www.econbiz.de/10012893728
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Is there a Zero Lower Bound? The Effects of Negative Policy Rates on Banks and Firms
Altavilla, Carlo - 2019
Exploiting confidential data from the euro area, we show that sound banks can pass negative rates on to their corporate depositors without experiencing a contraction in funding. These pass-through effects become stronger as policy rates move deeper into negative territory. Banks offering...
Persistent link: https://www.econbiz.de/10012868667
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Institutional Presence in Secondary Bank Bond Markets : How Does It Affect Liquidity and Volatility?
Oprica, Silviu - 2019
the presence of institutional investors affects volatility and liquidity in secondary bank bond markets. We find that non-bank … financial intermediaries, in particular money market funds (MMFs), have a positive impact on secondary bank bond markets …% of the notional amount in the secondary market of a representative euro area bank bond. The effect is relative to the …
Persistent link: https://www.econbiz.de/10012871121
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Banks, Shadow Banking, and Fragility
Luck, Stephan - 2014
This paper studies a banking model of maturity transformation in which regulatory arbitrage induces the coexistence of regulated commercial banks and unregulated shadow banks. We derive three main results: First, the relative size of the shadow banking sector determines the stability of the...
Persistent link: https://www.econbiz.de/10013049188