Voices from the Indian Up-country: Banking and Money-Lending

Monetary Expansion and the Banking Lending Channel

This paper examines the bank lending channel, which considers how monetary authority actions affect the variation of loans. We focus on the BRICS (Brazil, Russia, India, China and South Africa) totalizing 1254 banks from five countries in the period 2000-2012 (totalizing 13 years). The empirical results show that the effect of money supply growth on the growth of loans is non-linear and inverte...

Money, credit and banking

In monetary models in which agents are subject to trading shocks there is typically an ex-post inefficiency in that some agents are holding idle balances while others are cash constrained. This inefficiency creates a role for financial intermediaries, such as banks, who accept nominal deposits and make nominal loans. We show that in general financial intermediation improves the allocation and t...

Money, Banking, and Finance

Lessons From Indian Country

Objective: To illustrate successful strategies in working with American Indian (AI) and Alaska Native (AN) communities in aging and health research by emphasizing access, local relevance, and decision-making processes. Methods: Case examples of health studies involving older AIs (≥50 years) among Eastern Band Cherokee Indians, a federally recognized reservation; the Cherokee Nation, a rural, no...

Relationship Lending in Shadow Banking: Cross-Holding Relation through Money Market Funds

This paper explores the nature and impacts of shadow banks’ relationship lending by analyzing bilateral-connected financial firms who mutually hold each other’s debt through their own affiliated money market funds (MMFs). Using novel MMFs’ monthly holdings data, I show that, in the context of the 2011 Eurozone crisis, non-European financial firms surprisingly increased their MMFs’ stakes in bil...