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Displaying results 1 to 8 of 8.

  1. Operationalising the countercyclical capital buffer
    indicator selection, threshold identification and calibration options
    Author: Detken, Carsten; Weeken, Olaf; Alessi, Lucia; Bonfim, Diana; Boucinha, Miguel M.; Castro, Christian; Frontczak, Sebastian; Giordana, Gaston; Giese, Julia; Jahn, Nadya; Kakes, Jan; Klaus, Benjamin; Lang, Jan Hannes; Puzanova, Natalia; Welz, Peter
    Published: [2014]
    Publisher:  ESRB, European Systemic Risk Board, European System of Financial Supervision, [Frankfurt am Main, Germany]

    This paper presents the analysis underpinning the ESRB Recommendation on guidance on setting countercyclical buffer rates (ESRB 2014/1). The Recommendation is designed to help authorities tasked with setting the countercyclical capital buffer (CCB)... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 612
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    This paper presents the analysis underpinning the ESRB Recommendation on guidance on setting countercyclical buffer rates (ESRB 2014/1). The Recommendation is designed to help authorities tasked with setting the countercyclical capital buffer (CCB) to operationalise this new macroprudential instrument. It follows on from the EU prudential rules for the banking system that came into effect on 1 January 2014.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/193600
    Series: Occasional paper series / European Systemic Risk Board ; no. 5 (June 2014)
    Scope: 1 Online-Ressource (circa 95 Seiten), Illustrationen
  2. Supporting small firms through recessions and recoveries
    Author: Custodio, Claudia; Bonfim, Diana; Raposo, Clara
    Published: 31 May 2022
    Publisher:  Centre for Economic Policy Research, London

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    LZ 161
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    Location:
    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17345
    Subjects: Small Firms' Financing; Credit Certification; cost of debt; investment; business cycles; Government Guarantees
    Scope: 1 Online-Ressource (circa 89 Seiten), Illustrationen
  3. The augmented bank balance-sheet channel of monetary policy
    Author: Bittner, Christian; Bonfim, Diana; Heider, Florian; Saidi, Farzad; Schepens, Glenn; Soares, Carla
    Published: [2022]
    Publisher:  Deutsche Bundesbank, Frankfurt am Main

    This paper studies how banks’ balance sheets and funding costs interact in the transmission of monetary-policy rates to banks’ credit supply to firms. To do so, we use credit-registry data from Germany and Portugal together with the European Central... more

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    Location:
    Leibniz-Institut für Wirtschaftsforschung Halle, Bibliothek
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    This paper studies how banks’ balance sheets and funding costs interact in the transmission of monetary-policy rates to banks’ credit supply to firms. To do so, we use credit-registry data from Germany and Portugal together with the European Central Bank’s policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks’ funding costs differs across the euro-area currency union because deposit rates vary in their distance to the zero lower bound (ZLB). When the distance is shorter, banks’ financing constraints matter less for the supply of credit and there is more risk taking. To rationalize these findings, we provide a simple model of an augmented bank balance-sheet channel where in addition to costly external financing, there is screening of borrowers and a ZLB on retail deposit rates. An impaired pass-through of monetary policy to banks’ funding costs reduces their ability to lever up and weakens their lending standards.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9783957298911
    Other identifier:
    hdl: 10419/261211
    Series: Discussion paper / Deutsche Bundesbank ; no 2022, 22
    Subjects: transmission of monetary policy; bank lending; bank risk taking; bank balance sheets; euro-area heterogeneity
    Scope: 1 Online-Ressource (circa 68 Seiten), Illustrationen
  4. The augmented bank balance-sheet channel of monetary policy
    Author: Bittner, Christian; Bonfim, Diana; Heider, Florian; Saidi, Farzad; Schepens, Glenn; Soares, Carla
    Published: February 2022
    Publisher:  ECONtribute, Bonn

    This paper studies how banks' balance sheets and funding costs interact in the transmission of monetary-policy rates to banks' credit supply to firms. To do so, we use creditregistry data from Germany and Portugal together with the European Central... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 711
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    This paper studies how banks' balance sheets and funding costs interact in the transmission of monetary-policy rates to banks' credit supply to firms. To do so, we use creditregistry data from Germany and Portugal together with the European Central Bank's policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks' funding costs differs across the euro-area currency union because deposit rates vary in their distance to the zero lower bound (ZLB). When the distance is shorter, banks' financing constraints matter less for the supply of credit and there is more risk taking. To rationalize these findings, we provide a simple model of an augmented bank balance-sheet channel where in addition to costly external financing, there is screening of borrowers and a ZLB on retail deposit rates. An impaired pass-through of monetary policy to banks' funding costs reduces their ability to lever up and weakens their lending standards.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/262093
    Series: ECONtribute discussion paper ; no. 149
    Subjects: transmission of monetary policy; bank lending; bank risk taking; bank balance sheets; euro-area heterogeneity
    Scope: 1 Online-Ressource (circa 65 Seiten), Illustrationen
  5. The augmented bank balance-sheet channel of monetary policy
    Author: Bittner, Christian; Bonfim, Diana; Heider, Florian; Saidi, Farzad; Schepens, Glenn; Soares, Carla
    Published: [2022]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    This paper studies how banks' balance sheets and funding costs interact in the transmission of monetary-policy rates to banks' credit supply to firms. To do so, we use credit-registry data from Germany and Portugal together with the European Central... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 534
    Inter-library loan:
    No inter-library loan

     

    This paper studies how banks' balance sheets and funding costs interact in the transmission of monetary-policy rates to banks' credit supply to firms. To do so, we use credit-registry data from Germany and Portugal together with the European Central Bank's policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks' funding costs differs across the euro-area currency union because deposit rates vary in their distance to the zero lower bound (ZLB). When the distance is shorter, banks' financing constraints matter less for the supply of credit and there is more risk taking. To rationalize these findings, we provide a simple model of an augmented bank balance-sheet channel where in addition to costly external financing, there is screening of borrowers and a ZLB on retail deposit rates. An impaired pass-through of monetary policy to banks' funding costs reduces their ability to lever up and weakens their lending standards.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289953931
    Other identifier:
    hdl: 10419/278220
    Series: Working paper series / European Central Bank ; no 2745 (November 2022)
    Subjects: transmission of monetary policy; bank lending; bank risk taking; bank balance sheets; euro-area heterogeneity
    Scope: 1 Online-Ressource (circa 68 Seiten), Illustrationen
  6. Cross-border spillovers of monetary policy
    what changes during a financial crisis?
    Author: Barbosa, Luciana; Bonfim, Diana; Costa, Sónia; Everett, Mary
    Published: [2018]
    Publisher:  Central Bank of Ireland, [Dublin]

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 548
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Research technical paper / Central Bank of Ireland ; vol. 2018, no. 10
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  7. On-site inspecting zombie lending
    Author: Bonfim, Diana; Cerqueiro, Geraldo; Degryse, Hans; Ongena, Steven
    Published: 2020
    Publisher:  Swiss Finance Institute, Geneva

    In spite of growing regulatory pressure in most developed economies, “zombie lending” remains a widespread practice by banks. In this paper we exploit a series of large-scale on-site inspections made on the credit portfolios of several Portuguese... more

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    Location:
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 544
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    In spite of growing regulatory pressure in most developed economies, “zombie lending” remains a widespread practice by banks. In this paper we exploit a series of large-scale on-site inspections made on the credit portfolios of several Portuguese banks to investigate how these inspections affect banks' future lending decisions. We find that an inspected bank becomes 20% less likely to refinance zombie firms, immediately spurring their default. However, banks change their lending decisions only in the inspected sectors. Overall, banks seemingly reduce zombie lending because the incentives to hold these loans disappear once they are forced to recognize losses

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Research paper series / Swiss Finance Institute ; no 20, 16
    Swiss Finance Institute Research Paper ; No. 20-16
    Scope: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  8. On-site inspecting zombie lending
    Author: Bonfim, Diana; Cerqueiro, Geraldo; Degryse, Hans; Ongena, Steven
    Published: 13 May 2020
    Publisher:  Centre for Economic Policy Research, London

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    LZ 161
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    Location:
    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP14754
    Subjects: Kreditzins; Anreizregulierung; Bankgeschäft; Portugal
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen