The Bank Lending Survey For The Euro Area
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The Euro Area Bank Lending Survey
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Author :
language : en
Publisher:
Release Date : 2016
The Euro Area Bank Lending Survey written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
The euro area bank lending survey (BLS) serves as an important tool in the analysis of bank lending conditions in the euro area and across euro area countries, providing otherwise unobservable qualitative information on bank loan demand and supply from/to euro area enterprises and households. Since its introduction in 2003, the BLS has received growing attention and has become of key importance for the analysis and assessment of bank lending conditions in the euro area and at the national level. In particular in the context of the financial crisis, the BLS was used to gather additional information on the impact of the crisis and of the ECB's monetary policy measures on banks' funding situation and bank lending conditions. Following a description of the design and development of the BLS, this paper focuses on the analysis of bank lending supply and demand in the euro area and on their contributing factors. The results of the BLS are put into a wider economic perspective by relating them to other macroeconomic and financial variables. Analyses based on individual bank replies complement the picture further by providing more granular evidence on loan developments. In addition, an overview of the use of the euro area BLS as an analytical tool for investigating bank lending conditions in the euro area is presented.
The Bank Lending Survey For The Euro Area
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Author : Jesper Berg
language : en
Publisher:
Release Date : 2005
The Bank Lending Survey For The Euro Area written by Jesper Berg and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
The Euro Area Bank Lending Survey
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Author : Petra Köhler Ulbrich
language : en
Publisher:
Release Date : 2016
The Euro Area Bank Lending Survey written by Petra Köhler Ulbrich and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
The euro area bank lending survey (BLS) serves as an important tool in the analysis of bank lending conditions in the euro area and across euro area countries, providing otherwise unobservable qualitative information on bank loan demand and supply from/to euro area enterprises and households. Since its introduction in 2003, the BLS has received growing attention and has become of key importance for the analysis and assessment of bank lending conditions in the euro area and at the national level. In particular in the context of the financial crisis, the BLS was used to gather additional information on the impact of the crisis and of the ECB's monetary policy measures on banks' funding situation and bank lending conditions. Following a description of the design and development of the BLS, this paper focuses on the analysis of bank lending supply and demand in the euro area and on their contributing factors. The results of the BLS are put into a wider economic perspective by relating them to other macroeconomic and financial variables. Analyses based on individual bank replies complement the picture further by providing more granular evidence on loan developments. In addition, an overview of the use of the euro area BLS as an analytical tool for investigating bank lending conditions in the euro area is presented.
Bank Lending Survey For The Euro Area
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2016
Bank Lending Survey For The Euro Area written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
To assist respondent banks in filling out the questionnaire, this glossary defines the most important terminology used in the bank lending survey. This glossary has been revised together with the introduction of the enhanced bank lending survey questionnaire in April 2015.
The Euro Area Bank Lending Survey Matters Empirical Evidence For Credit And Output Growth
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Author : Gabe J. de Bondt
language : en
Publisher:
Release Date : 2010
The Euro Area Bank Lending Survey Matters Empirical Evidence For Credit And Output Growth written by Gabe J. de Bondt 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.
The Euro Area Bank Lending Survey
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Author : European Central Bank
language : en
Publisher:
Release Date : 2013
The Euro Area Bank Lending Survey written by European Central Bank and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Banks and banking categories.
Effectiveness And Channels Of Macroprudential Instruments
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Author : Mr.Thierry Tressel
language : en
Publisher: International Monetary Fund
Release Date : 2016-01-12
Effectiveness And Channels Of Macroprudential Instruments written by Mr.Thierry Tressel 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 2016-01-12 with Business & Economics categories.
The crisis has highlighted the importance of setting up macro-prudential oversight frameworks, having effective macro-prudential instruments in place to be called upon to mitigate growing financial imbalances as needed. We develop a new approach using the euro area Bank Lending Survey to assess the effectiveness of macro-prudential policies in containing credit growth and house price appreciation in mortgage markets. We find instruments targeting the cost of bank capital most effective in slowing down mortgage credit growth, and that the impact is transmitted mainly through price margins, the same banking channel as monetary policy. Limits on loan-to-value ratios are also effective, especially when monetary policy is excessively loose.
Loan Supply Credit Markets And The Euro Area Financial Crisis
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Author :
language : en
Publisher:
Release Date : 2015
Loan Supply Credit Markets And The Euro Area Financial Crisis written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
We use bank-level information on lending practices from the euro area Bank Lending Survey to construct a new indicator of loans' supply tightening controlling for both macroeconomic and bank-specific factors. Embedding this information as external instrument in a Bayesian vector autoregressive model (BVAR), we find that tighter bank loan supply to non-financial corporations leads to a protracted contraction in credit volumes and higher bank lending spreads. This fosters firms' incentives to substitute bank loans with market finance, producing a significant increase in debt securities issuance and higher bond spreads. We also show that loans' tightening shocks explain a large fraction of the contraction in real activity and the widening of credit spreads especially over the recession which followed the euro area sovereign debt crisis.
The Effects Of The Eurosystem S App On Euro Area Bank Lending
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Author : Barno A. Blaes
language : en
Publisher:
Release Date : 2019
The Effects Of The Eurosystem S App On Euro Area Bank Lending written by Barno A. Blaes and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
We study the implications of the Eurosystem's expanded Asset Purchase Programme (APP) for the bank lending business of euro area banks with euro area non-financial corporations (NFCs) using microeconometric matching techniques. Based on confidential bank-level data on quantitative balance sheet items and interest rates as well as on qualitative survey responses to the Eurosystem's Bank Lending Survey, we identify the exposure of banks to the APP and corresponding effects on loan growth. We find that the APP was effective in stimulating the lending activity with NFCs for a subset of relatively sound banks. At the same time, our results show that there is a non-negligible number of banks with less healthy balance sheets which could not transfer the APP stimulus into more lending. Instead, such banks appear to have used the APP stimulus for consolidating their balance sheets, thereby also reducing their lending business with NFCs. This confirms the importance of accounting for the large degree of heterogeneity in the euro area banking sector in analyses of the effectiveness of monetary policy measures.
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.