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Why Bank Capital Matters for Monetary Policy

Gambacorta, Leonardo - 2016

One aim of post-crisis monetary policy has been to ease credit conditions for borrowers by unlocking bank lending. We … find that bank equity is an important determinant of both the bank's funding cost and its lending growth. In a cross …-country bank-level study, we find that a 1 percentage point increase in the equity-to-total assets ratio is associated with a 4 …

Persistent link: https://www.econbiz.de/10012995164

Banks' balance-sheet costs, monetary policy, and the ON RRP

Afonso, Gara; Cipriani, Marco; La Spada, Gabriele - 2022

In June 2022, the Federal Reserve started reducing the size of its balance sheet, which had expanded to just under $9 trillion in response to the COVID-19 pandemic. However, whereas banks' reserves at the Federal Reserve have decreased, the investment of money market funds (MMFs) at the Federal...

Persistent link: https://www.econbiz.de/10013465412

Financial Systems and the Real Economy

Settlements, Bank for International - 2017

debt since the crisis.Against this background, Bank Negara Malaysia and the Bank for International Settlements (BIS) co … approved by the Asian Consultative Council of central bank Governors in February 2015. The conference brought together senior …

Persistent link: https://www.econbiz.de/10012959609

The New Possible Trinity : Supranational Currency, Capital Mobility, and Monetary Independence

Taskinsoy, John - 2023

In the pre-democracy world, people living in monarchies chanted "long live the king!" as they saluted the monarch (the existing or the new). Now the U.S. government is chanting “long live the dollar!” but the voices of its biggest supporters like-minded allies are more tranquil than...

Persistent link: https://www.econbiz.de/10014254345

Monetary Transmission Through Bank Securities Portfolios

Greenwald, Daniel; Krainer, John; Paul, Pascal - National Bureau of Economic Research - 2024

We study the transmission of monetary policy through bank securities portfolios using granular supervisory data on U ….S. bank securities, hedging positions, and corporate credit. Banks that experienced larger losses on their securities during …

Persistent link: https://www.econbiz.de/10014544727

The Effect of Monetary Policy on Bank Wholesale Funding

Choi, Dong Beom - 2019

that liquidity requirements could bolster monetary policy transmission through the bank lending channel …

Persistent link: https://www.econbiz.de/10012903700

Bank capital, the state contingency of banks’ assets and its role for the transmission of shocks

Kühl, Michael - 2014

The role of bank capital as a propagation channel of shocks is strongly pronounced in recent macroeconomic models. In … this paper, we show how the evolution of bank capital depends on the share of non-state-contingent assets in banks’ balance …

Persistent link: https://www.econbiz.de/10010415785

The Effect of Monetary Policy on Bank Wholesale Funding

Choi, Dong Beom - 2017

that liquidity requirements could bolster monetary policy transmission through the bank lending channel …

Persistent link: https://www.econbiz.de/10012970253

Central bank's balance sheet management in times of systemic crises

Lovrinović, Ivan; Solenički, Martina; Vujeva, Karlo - In: Macroeconomic responses to the COVID-19 pandemic : …, (pp. 111-156). 2021

The central bank's balance sheet has become the main instrument of monetary policy in the aftermath of the GFC and the …, government securities have become the largest asset in the central bank balance sheet, representing the dominant channel for …

Persistent link: https://www.econbiz.de/10012608987

Banks, Money and the Zero Lower Bound

Kumhof, Michael - 2018

compress spreads, and thereby reduce bank profitability, deposit creation and output. Third, near the ZLB Phillips curves are …

Persistent link: https://www.econbiz.de/10012911878