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Rational Sentiments and Economic Cycles
Farboodi, Maryam - 2020
We propose a rational model of endogenous cycles generated by the two-way interaction between credit market sentiments and real outcomes. Sentiments are high when most lenders optimally choose lax lending standards. This leads to low interest rates and high output growth, but also to the...
Persistent link: https://www.econbiz.de/10012481327
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Business Cycle Effects on Commercial Bank Loan Portfolio Performance in Developing Economies
Mondragon-Vélez, Camilo - 2011
This paper studies the business cycle effects on the performance of commercial bank loan portfolios across major … related to expected losses in bank income statements). Our results indicate that while economic growth is the main driver of … equivalent to the median emerging market bank profitability; while a decline of more than 10 pp in growth implies significant …
Persistent link: https://www.econbiz.de/10013130571
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Rational Sentiments and Economic Cycles
Farboodi, Maryam; Kondor, Péter - 2022
We propose a rational model of endogenous cycles generated by the two-way interaction between credit market sentiments and real outcomes. Sentiments are high when most lenders optimally choose lax lending standards. This leads to low interest rates and high output growth, but also to the...
Persistent link: https://www.econbiz.de/10014095303
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The impact of revenue diversification on profitability, capital, and risk in US banks by size
Shraiber, Bentsi - In: The North American journal of economics and finance : a … 69 (2024) 1, pp. 1-28
Persistent link: https://www.econbiz.de/10014445531
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Financial markets, banking and the design of monetary policy : a stable baseline scenario
Hartmann, Florian; Flaschel, Peter - In: Economies : open access journal 2 (2014) 1, pp. 1-19
A baseline integration of commercial banks into the disequilibrium framework with behavioral traders of Charpe et al. (2011, 2012) is presented. At the core of the analysis is the impact the banking sector exerts on the interaction of real and financial markets. Potentially destabilizing...
Persistent link: https://www.econbiz.de/10010345688
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Tactical Asset Allocation with Commodity Futures : Implications of Business Cycle and Monetary Policy
Nguyen, Van Thi Tuong - 2011
While Gorton and Rouwenhorst (2005) suggest using business cycle in tactical asset allocation with commodity futures, Jensen et al (2002) suggest using monetary policy in guiding the timing of investment. We investigate whether it is useful to watch both.We find that clever timing in asset...
Persistent link: https://www.econbiz.de/10013132651
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Monetary policy and asset price overshooting: a rationale for the Wall/Main Street disconnect
Caballero, Ricardo J.; Simsek, Alp - 2022
responds to asset prices with a lag. If there is a negative output gap, the central bank optimally overshoots aggregate asset …
Persistent link: https://www.econbiz.de/10013093040
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Monetary Policy and the Cyclicality of Risk
Gust, Christopher J. - 2010
We use a DSGE model that generates endogenous movements in risk premia to examine the positive and normative implications of alternative monetary policy rules. As emphasized by the micro-finance literature, variation in risk arises because households face fixed costs of transferring cash across...
Persistent link: https://www.econbiz.de/10013140045
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Disintermediation revisited
Horvath, Philip A. - In: The financial review : the official publication of the … 23 (1988) 3, pp. 301-312
Persistent link: https://www.econbiz.de/10001084131
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Geldpolitik und Preisentwicklung in der Bundesrepublik Deutschland : eine disaggregierte Analyse
Westphal, Uwe - In: Neuere Entwicklungen in der Geldtheorie und Währungspolitik, (pp. 71-95). 1995
Persistent link: https://www.econbiz.de/10001315897