How The Credit Channel Works
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How The Credit Channel Works
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Author : Lamont K. Black
language : en
Publisher:
Release Date : 2007
How The Credit Channel Works written by Lamont K. Black and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Bank loans categories.
The Effect Of Monetary Policy On The Availability Of Credit
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Author : Lamont Black
language : en
Publisher:
Release Date : 2011
The Effect Of Monetary Policy On The Availability Of Credit written by Lamont Black and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
The recent financial turmoil renewed interest in whether monetary policy affects the supply side of the credit market. We show that this credit channel exists mdash; monetary policy affects aggregate loan supply (bank lending channel) and redistributes loan supply across different-sized firms (balance sheet channel). The effect on aggregate loan supply is driven by banks altering loan maturity, so monetary policy takes time to impact loan supply. Policy loosening associated with recessions, including the recent one, increased loan supply after about one year. In the cross-section, the impact is at least as strong for large banks as for small banks.
The Credit Channel At Work
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Author : Giovanni Ferri
language : en
Publisher:
Release Date : 1999
The Credit Channel At Work written by Giovanni Ferri and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Bank loans categories.
When negative monetary and financial shocks hit the Korean economy, reactions in the financial system amplified the impact of the shocks by reducing the credit available and increasing its cost. This particularly hurt segments of the economy that rely heavily on bank credit for external financing, such as small and medium-sized enterprises.
Does The Bank Lending Channel Of Monetary Transmission Work In Turkey
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Author : Ms.Petya Koeva Brooks
language : en
Publisher: International Monetary Fund
Release Date : 2007-12-01
Does The Bank Lending Channel Of Monetary Transmission Work In Turkey written by Ms.Petya Koeva Brooks and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-01 with Business & Economics categories.
Does the bank lending channel of monetary transmission work in Turkey? Using the May- June 2006 financial turbulence as an exogenous shock that prompted a significant tightening of monetary policy, this paper examines the loan supply response of Turkey's banks, depending on their balance sheet characteristics. The empirical results indicate that banks can play a role in Turkey's monetary transmission mechanism. Specifically, bank liquidity is found to have a significant effect on loan supply in Turkey. This suggests that the effect of monetary policy in Turkey can be propagated by the banking sector, depending on its liquidity position.
Trusting The Bankers A New Look At The Credit Channel Of Monetary Policy
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Author : Matteo Ciccarelli
language : en
Publisher:
Release Date : 2010
Trusting The Bankers A New Look At The Credit Channel Of Monetary Policy written by Matteo Ciccarelli and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Does The Bank Lending Channel Of Monetary Transmission Work In Turkey
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Author : Petya Koeva
language : en
Publisher:
Release Date : 2007
Does The Bank Lending Channel Of Monetary Transmission Work In Turkey written by Petya Koeva and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Bank liquidity categories.
Does the bank lending channel of monetary transmission work in Turkey? Using the May- June 2006 financial turbulence as an exogenous shock that prompted a significant tightening of monetary policy, this paper examines the loan supply response of Turkey's banks, depending on their balance sheet characteristics. The empirical results indicate that banks can play a role in Turkey's monetary transmission mechanism. Specifically, bank liquidity is found to have a significant effect on loan supply in Turkey. This suggests that the effect of monetary policy in Turkey can be propagated by the banking sector, depending on its liquidity position.
A Macro Model Of The Credit Channel In A Currency Union Member
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Author : Issouf Samaké
language : en
Publisher: International Monetary Fund
Release Date : 2010-08-01
A Macro Model Of The Credit Channel In A Currency Union Member written by Issouf Samaké and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08-01 with Business & Economics categories.
This paper applies and extends a theoretical model built by Agénor and Montiel (2007) by exploring the effectiveness of government bonds and monetary policy in a small, open, credit-based economy with a fixed exchange rate. The model is applied to Benin, a member of a currency union, using a general equilibrium model with stochastic simulation. Model calibration replicates the historical pattern for 1996–2009. Policy experiments simulated an increase in government securities in Benin’s regional market and a cut in the reserve requirement. Simulations produced mixed results. It appears that, among other factors, excess bank liquidity lowers the effectiveness of monetary policy instruments through the credit channel and that government bonds can help mop up excess bank liquidity.
Is There A Credit Channel For Monetary Policy
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Author : R. Glenn Hubbard
language : en
Publisher:
Release Date : 1994
Is There A Credit Channel For Monetary Policy written by R. Glenn Hubbard and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Monetary policy categories.
This paper argues that the terms `money view' and `credit view' are not always well defined in theoretical and empirical debates over the transmission mechanism of monetary policy. Recent models of information and incentive problems in financial markets suggest the usefulness of decomposing the transmission mechanism into two parts: one related to effects of policy-induced changes on the overall level of real costs of funds, and one related to `financial accelerator' effects stemming from impacts of policy actions on the financial positions of borrowers or intermediaries. The results presented here support the idea that the spending decisions of a significant group of borrowers are influenced by their balance sheet condition. Whether a bank-lending channel is operative is less clear, however. More micro evidence at the level of individual borrower-lender transactions is needed to resolve this question.
The Credit Channel At Work
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Author : Ferri
language : en
Publisher:
Release Date : 2013
The Credit Channel At Work written by Ferri and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Bank Leverage And Monetary Policy S Risk Taking Channel
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Author : Mr.Giovanni Dell'Ariccia
language : en
Publisher: International Monetary Fund
Release Date : 2013-06-06
Bank Leverage And Monetary Policy S Risk Taking Channel written by Mr.Giovanni Dell'Ariccia and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-06 with Business & Economics categories.
We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data on the internal ratings of U.S. banks on loans to businesses over the period 1997 to 2011 from the Federal Reserve’s survey of terms of business lending. We find that ex-ante risk taking by banks (as measured by the risk rating of the bank’s loan portfolio) is negatively associated with increases in short-term policy interest rates. This relationship is less pronounced for banks with relatively low capital or during periods when banks’ capital erodes, such as episodes of financial and economic distress. These results contribute to the ongoing debate on the role of monetary policy in financial stability and suggest that monetary policy has a bearing on the riskiness of banks and financial stability more generally.