Bank credit, asset prices and financial stability: Evidence from French banks pot

... 0.55 Government bond yield spread 0.55 Libor-OIS spread 0.43 WP/12/103 Bank credit, asset prices and financial stability: Evidence from French banks Cyril Pouvelle 19 it tititit ittttitttit GroupGroupGroupGroup GroupGrouprNPLSizeD LeviInflPDGLalStocksL           6543 )()()()( 21 )()()()()()()( Re 1...

Ngày tải lên: 29/03/2014, 08:20

... member banks, from the Fed’s Banking and Monetary Statisti c s, 1914-1941 No. 18, All Member banks- Principal assets, “Loans” p. 72-74. The data were pushed forward to 1955 Q4 using the data from Banking ... using national and state bank data. The national bank data came from the NBER seri e s, adding up NBER 14016, Loans and Discounts, national banks, country districts, NB...

Ngày tải lên: 06/03/2014, 19:20

... as banks and insurance companies, business corporations (excluding retirement plans that are considered employee assets), nonprofit organizations (including state and local gov ernments), and ... empirical banking-crises literature (Gorton (1988), Calomiris and Mason (1997), Schumacher (2000), Martinez-Peria and Schmukler (2001), and Calomiris and Mason (2003)) that argues that...

Ngày tải lên: 16/03/2014, 14:21

... II). The only mandate held by almost all central banks in the group was the oversight of payment systems. The Bank of Thailand was one of the few central banks that had the mandate and powers ahead ... Philippines, Thailand and the United States, it is notable how much more widespread central bank mandates to (potentially) support Table 4 Financial stability related mandates...

Ngày tải lên: 16/02/2014, 10:20

... Impact of Crisis on the Level and Composition of GDP 12 B. Corporate Financial Structure and Impact of Crisis on GDP 14 V. Corporate Financial Structure and Financial Stability: Econometric Analysis ... Shocks—Some Evidence from the Flow of Funds,” Review of Economics and Statistics, Vol. 78, pp. 16–34. Davis, E. Philip, 1995, Debt, Financial Fragility and Systemic...

Ngày tải lên: 17/12/2013, 05:15

... Iyigun, and Owen (2002) find that GDP volatility and financial development are negatively related. 11 financial depth), the average bank capital -asset ratio (a measure of bank financial strength), and ... country’s banks does not incorporate integration in which banks headquartered in one country own substantial bank assets outside that country. So, for example, a count...

Ngày tải lên: 16/02/2014, 10:20

... policy 1 While the central banks of New Zealand, Norway, and Sweden publish the expected policy rate path of their monetary policy decision makers, the central banks of Iceland and the Czech Republic ... the euro area, and New Zealand in light of the communication strate- gies of central banks. We found evidence for New Zealand that cen- tral bank forecasts of policy rates influ...

Ngày tải lên: 17/02/2014, 03:20

... and banks and corporations that have short-term borrowing needs. Money market funds are a key buyer of the short-term debt instruments issued by banks and corporations – commercial paper, bank ... were 19 percent. And finally, Treasury and Agency securities were 9 percent and 10 percent, respectively. 2 Sponsors are the asset management firms and their parents a...

Ngày tải lên: 19/02/2014, 14:20

... ‘Trade credit and the bank lending channel.’ Journal of Money, Credit, and Banking, 34, pp. 226-253. Petersen, M. and R. Rajan (1997). ‘Trade credit: theories and evidence. ’ Review of Financial ... 8.19% for plant and machinery, and 2.5% for land and buildings. These are taken from King and Fullerton (1984). For each observation, we then calculate the proportion o...

Ngày tải lên: 06/03/2014, 08:20

... CREDIT RISK TRANSFER AND FINANCIAL SECTOR PERFORMANCE Wolf Wagner & Ian Marsh The Working Paper is intended as a means whereby researchers’ thoughts and findings may ... to interested readers for their comments. The paper should be considered preliminary in nature and may require substantial revision. Accordingly, a Working Paper should not be quoted...

Ngày tải lên: 06/03/2014, 08:20