Slowdown in Bank Credit Growth: Aggregate Demand or Bank Non-performing Assets?
نویسندگان
چکیده
منابع مشابه
Bank Capital and Aggregate Credit
This paper seeks to explain the role of bank capital in uctuations of lending and output. We build a continuous time model of an economy in which commercial banks nance their loans by deposits and equity, while facing issuance costs when they raise new equity. The dynamics of the loan rate and the volume of lending in the economy are driven by aggregate bank capitalization. The model has a uniq...
متن کاملBank Capital Regulation and Secondary Markets for Bank Assets
How to design bank capital requirements when banks can misreport the value of their assets? We show that the answer depends critically on the existence of secondary markets for bank assets. Without secondary markets, capital requirements based on banks’reporting are more socially desirable than a fixed capital requirement if savings on costly bank capital are suffi ciently high. Yet with second...
متن کاملCredit Derivatives and Bank Credit Supply
Credit derivatives are the latest in a series of innovations that have had a significant impact on credit markets. Using a micro data set of individual corporate loans, this paper explores whether use of credit derivatives is associated with an increase in bank credit supply. We find evidence that greater use of credit derivatives is associated with greater supply of bank credit for large term ...
متن کاملHouse prices , bank balance sheets , and bank credit supply ∗
We examine the effect of house price appreciation on bank loan portfolios during the 1996—2006 period. While most previous research in this area has concentrated on loan demand effects, we evaluate how house prices affect a bank’s credit supply. Controlling for possible simultaneity between house prices and bank loan portfolio growth, we find that banks affected by greater house price appreciat...
متن کاملBank Credit and Economic Activity
The role of banks in regional as well as in national economic fluctuations has been the subject of renewed interest in recent years. With what seems like amazing prescience, Bernanke and Blinder (1988) recently revived the theoretical literature on the role of bank credit typically associated with Brunner and Meltzer (1972). The trickle of empirical papers written before the 1990s that focused ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Margin: The Journal of Applied Economic Research
سال: 2018
ISSN: 0973-8010,0973-8029
DOI: 10.1177/0973801018768985