Investigating the heterogeneity of the bank lending channel across financial intermediaries, we found a sharper tightening of credit supply among banks closer to the regulatory capital constraint. We conclude t
credit and maturity transformation role traditionally performed by banks. We claim that the changing role of credit intermediaries due to securitisation has also modified the effectiveness of thebank lending channeland banks’ ability to grant loans...
For the U.S., our results suggest that while the bank lending channel is not significant, a monetary policy shock is transmitted to real activity and prices mainly through the borrower's balance sheet channel (especially through small firms). The median response of GDP growth would be reduced...
Therefore, with the overwhelming majority of euro area firms still relying on bank loans as their prime source of credit, the key ECB interest rates remain the main tool to steer economic conditions in the euro area as the bank lending channel continues to act as the central element of the ...
期刊Competition-and-the-bank-lending-channel-in-Eurozone.pdf,Int. Fin. Markets, Inst. and Money 31 (2014) 296–314 Contents lists available at ScienceDirect Journal of International Financial Markets, Institutions Money journal homepage: /locate/intfin C
The Asset Management segment consists of investment management products and services; platform solutions and advisory support to institutions; wholesale intermediaries, and wealth management clients. The Investment Bank segment comprises investment advice, financial solutions, and capital markets access among ...
Keywords:Monetarypolicy:TransmissionMechanisms;Banklendingchannel;Turkey; PanelData * ThispaperisbasedonEkinAyşeÖzşuca’sPhDthesis(preparedunderthesupervisionofElifAkbostancıat theDepartmentofEconomics,METU.EkinAyşeÖzşucawouldliketothanktoErdalÖzmen,FatihÖzatay, ...
Capital flows Bank-lending channel Bank heterogeneity 1. Introduction A central question in international macroeconomics is the transmission of real and financial shocks across countries. As shown by many, international banking linkages have a special role in such transmission.1 The role of common finan...
Empirical evidence of the lending channel of monetary policy under negative interest rates The Quarterly Review of Economics and Finance, Volume 81, 2021, pp. 309-318 Whelsy Boungou Interest rate pass-through in the euro area: Financial fragmentation, balance sheet policies and negative rates Journ...
This means more inclusive access to a range of financial services, from lending and borrowing to investing. The integration of smart contracts is expected to automate many financial operations, reducing the need for intermediaries and thereby lowering costs and increasing efficiency. Emerging Trends and...