Showing 1 - 10 of 2,921
-run deceleration of credit growth, mainly driven by the response of banks …
Persistent link: https://www.econbiz.de/10013118686
To what extent does the availability of credit depend on monetary policy? And, does this relationship vary with bank …
Persistent link: https://www.econbiz.de/10013078975
This paper examines the interactions of macroprudential and monetary policies. We find, using a range of macroeconomic models used at the European Central Bank, that in the long run, a 1% bank capital requirement increase has a small impact on GDP. In the short run, GDP declines by 0.15-0.35%....
Persistent link: https://www.econbiz.de/10012422038
The response of major central banks to the global financial crisis has revived the debate around the interactions between monetary policy (MP) and bank stability. This technical paper sheds light, quantitatively, on the different mechanisms underlying the relationship between MP and bank...
Persistent link: https://www.econbiz.de/10012422039
area countries, which include relevant BLS variables, and identify credit supply shocks both recursively and with sign … restriction methods. The macroeconomic effects of the 3-year LTROs are associated with the favorable credit supply shocks …
Persistent link: https://www.econbiz.de/10013088278
This paper examines the interactions of macroprudential and monetary policies. We find, using a range of macroeconomic models used at the European Central Bank, that in the long run, a 1% bank capital requirement increase has a small impact on GDP. In the short run, GDP declines by 0.15-0.35%....
Persistent link: https://www.econbiz.de/10012841083
The response of major central banks to the global financial crisis has revived the debate around the interactions between monetary policy (MP) and bank stability. This technical paper sheds light, quantitatively, on the different mechanisms underlying the relationship between MP and bank...
Persistent link: https://www.econbiz.de/10012841099
We show that negative policy rates affect the supply of bank credit in a novel way. Banks are reluctant to pass on …
Persistent link: https://www.econbiz.de/10012913551
The financial crisis has been characterised by fragmentation in the transmission of monetary policy, reflected in high dispersion in the cost of bank finance for euro area firms. Using micro-level bank data across a number of euro area countries, we identify individual bank balance sheet...
Persistent link: https://www.econbiz.de/10013014957
We analyse the pass-through of monetary policy measures to lending rates to firms and households in the euro area using a unique bank-level dataset. Bank balance sheet characteristics such as the capital ratio and the exposure to sovereign debt are responsible for the heterogeneity of...
Persistent link: https://www.econbiz.de/10012963918