Modelling Bank Lending In The Euro Area
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Modelling Bank Lending In The Euro Area
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Author : Leonardo Gambacorta
language : en
Publisher:
Release Date : 2007
Modelling Bank Lending In The Euro Area written by Leonardo Gambacorta 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.
Modelling Loans To Non Financial Corporations In The Euro Area
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Author : Christoffer Kok Sørensen
language : en
Publisher:
Release Date : 2009
Modelling Loans To Non Financial Corporations In The Euro Area written by Christoffer Kok Sørensen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Modelling Loans To Non Financial Corporations In The Euro Area
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Author : Christoffer Kok
language : en
Publisher:
Release Date : 2014
Modelling Loans To Non Financial Corporations In The Euro Area written by Christoffer Kok and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
We model the determinants of loans to non-financial corporations in the euro area. Using the Johansen (1992) methodology, we identify three cointegrating relationships. These relationships are interpreted as the long-run loan demand, investment and loan supply equations. The short-run dynamics of loan demand for the euro area are subsequently modelled by means of a Vector Error Correction Model (VECM). We perform a number of specification tests, which suggest that developments in loans to non-financial corporations in the euro area can be reasonably explained by the model. We then use the estimated model to analyse the impact of permanent and temporary shocks to the policy rate on bank lending to nonfinancial corporations.
Financial Systems And The Role Of Banks In Monetary Policy Transmission In The Euro Area
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Author : Michael Ehrmann
language : en
Publisher:
Release Date : 2001
Financial Systems And The Role Of Banks In Monetary Policy Transmission In The Euro Area written by Michael Ehrmann and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Bank loans categories.
Modeling Bank Lending In The Euro Area
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Author : Carlotta Rossi
language : en
Publisher:
Release Date : 2007
Modeling Bank Lending In The Euro Area written by Carlotta Rossi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
This paper investigates possible non-linearities in the response of bank lending to monetary policy shocks in the euro area. The credit market is modeled over the period 1985-2005 by means of an Asymmetric Vector Error Correction Model (AVECM) involving four endogenous variables (loans to the private sector, real GDP, lending rate, and consumer price index) and one exogenous variable (money market rate). The main features of the model are the existence of two co-integrating equations representing the long-run credit demand and supply and the possibility for loading and lagged-term coefficients to assume different values depending on the monetary policy regime (easing or tightening). The paper finds that the effect on credit, GDP, and prices of a monetary policy tightening is larger than the effect of a monetary policy easing. This result supports the existence of an asymmetric broad credit channel in the euro area.
Econometric Models Of The Euro Area Central Banks
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Author : Gabriel Fagan
language : en
Publisher: Edward Elgar Publishing
Release Date : 2006-01-01
Econometric Models Of The Euro Area Central Banks written by Gabriel Fagan and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-01 with Business & Economics categories.
This book provides a description of the main macroeconomic models used by the European Central Bank and the euro area national central banks (Eurosystem). These models are used to help prepare economic projections and scenario analysis for individual countries and the euro area as a whole. The volume takes stock of the current macroeconometric modelling infrastructure available within the Eurosystem, highlighting not only the structures and main features of the models used but also their purposes and underlying model-building philosophies. A bird s eye view of the key details of the design, structure and characteristics of the models is provided, along with information on the responses of these models to a series of standard economic and policy shocks. This is the first time that a comprehensive description and systematic comparison of the main macroeconomic models has been published. This book will be of great interest to Central Bank and government economists, as well as academics, economists and students with an interest in central banking, econometric modelling, forecasting and macroeconomic policy.
On The Role Of A Stock Market In The European Bank Loan Market
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Author : Robert E. Krainer
language : en
Publisher:
Release Date : 2008
On The Role Of A Stock Market In The European Bank Loan Market written by Robert E. Krainer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
Monetary Policy Transmission In The Euro Area
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Author : Ignazio Angeloni
language : en
Publisher: Cambridge University Press
Release Date : 2003-12-04
Monetary Policy Transmission In The Euro Area written by Ignazio Angeloni and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-12-04 with Business & Economics categories.
This 2003 book offers the most systematic analysis available of the impact of European Central Bank monetary policy on the national economies of the Eurozone. Analysing macro and micro-economic evidence, with chapters by central bank economists, including a discussion chapter by eminent macroeconomists, it is an essential contribution to research on the subject.
The Retail Bank Interest Rate Pass Through
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Author : Matthieu Darracq-Paries
language : en
Publisher:
Release Date : 2014
The Retail Bank Interest Rate Pass Through written by Matthieu Darracq-Paries and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
Bank Debt In Europe
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Author : Mrs.Vanessa Le Lesle
language : en
Publisher: International Monetary Fund
Release Date : 2012-12-20
Bank Debt In Europe written by Mrs.Vanessa Le Lesle 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 2012-12-20 with Business & Economics categories.
The crisis in Europe has underscored the vulnerability of European bank funding models compared to international peers. This paper studies the drivers behind this fragility and examines the future of bank funding, primarily wholesale, in Europe. We argue that cyclical and structural factors have altered the structure, cost, and composition of funding for European banks. The paper discusses the consequences of shifting funding patterns and investor preferences and presents possible policy options and bank actions to enhance European bank funding models’ robustness.