Monetary policy transmission and bank lending channel in Vietnam

... leverage, and deposit rates on bank risk taking Several papers (e.g., Matutes and Vives, 2000, Hellmann, Murdoch, and Stiglitz, 2000, Cordella and Levy-Yeyati, 2000, Repullo, 2004, and Boyd and ... relationship between monetary conditions and leverage, and the tendency for banks to load up on risk during extended periods of loose monetary policy While our treatment o...

Ngày tải lên: 22/03/2014, 23:20

... Working Paper #4317 April 1993 MONETARY POLICY AND BANK LENDING ABSTRACT This paper surveys recent work that relates to the "lending" view of monetary policy transmission It has three main ... in the demand for bank loans rather than the supply of bank loans (as required by Cl) That is, bank loans and inventories might move together because banks always stand willing to...

Ngày tải lên: 06/09/2013, 05:46

... Interest rate setting by universal banks and the transmission mechanism in the euro area Introduction The level of interest rates is one of the main determinants of savings and investment ... market interest rates with a comparable maturity Interest rate setting by universal banks and the transmission mechanism in the euro area...

Ngày tải lên: 15/03/2014, 02:20

... Market Interest Rates We begin by examining the linkages between wholesale market interest rates and the Bank of Ghana policy interest rate (the prime rate) When the transmission from the policy interest ... 12 Regarding the interbank interest rate, equation (2c), the model establishes a link between the policy interest rate and the interbank market...

Ngày tải lên: 15/03/2014, 14:20

... calculations Linking the Bank Lending Channel and the Disequilibrium Loan Market Analysis We assumed in our theoretical model of the bank lending channel that the loan interest rate is perfectly ... by the policymaker as a good indicator of attenuation and amplication effects of the bank lending channel Our analysis indicates that the b...

Ngày tải lên: 22/03/2014, 23:20

... interest rate channel and credit channel, works in India, as in other six EMEs considered by them Evolution of Monetary Policy Operating Framework in India In India, as in most countries, monetary policy ... of output, inflation, money and credit (ii) Monetary Policy Impact on Inflation The impulse response functions imply that increase in policy in...

Ngày tải lên: 29/03/2014, 13:20

... permission of the copyright owner Further reproduction prohibited without permission Reproduced with permission of the copyright owner Further reproduction prohibited without permission Reproduced ... permission of the copyright owner Further reproduction prohibited without permission Reproduced with permission of the copyright owner Further reproduction prohibited without permission Repr...

Ngày tải lên: 01/06/2014, 14:00

... The Price Stability Goal and the Nominal Anchor • Over the past few decades, policy makers throughout the world have become increasingly aware of the social and economic costs of inflation and ... All rights reserved Other Goals of Monetary Policy • Five other goals are continually mentioned by central bank officials when they discuss the objectives of monetary...

Ngày tải lên: 15/11/2013, 20:27

... city banks, regional banks and member banks of the Second Association of Regional Banks (also called Tier II regional banks), long-term credit banks, trust banks and other City banks are major banks ... the sum of “cash and due from banks” and “call loans” under “Assets” on banks’ balance sheets Due from banks include both banks’ reserves at the BOJ and banks’ deposits with othe...

Ngày tải lên: 16/02/2014, 11:20

... of monetary policy actions Estimates of the relationship between long-term rates and policy actions New estimates of the relationship between monetary policy actions and long-term interest rates ... between policy actions and interest rates In the standard view of the monetary transmission mechanism, monetary policy actions are expected to have...

Ngày tải lên: 06/03/2014, 02:21

... Monetary Policy Surprises and Interest Rates: Evidence from the Fed Funds Futures Market Abstract This paper estimates the impact of monetary policy actions on bill, note, and bond yields, ... with the effects of Fed policy on bond prices And because the first link in the transmission of Federal Reserve policy is from the Fed funds target...

Ngày tải lên: 06/03/2014, 02:21

... by  the banking system with no impact on the lending rate nor equilibrium employment The banking system helps to insulate the real economy from financial shocks On the other hand, once bank capital ... no bank lending channel that derives from policy induced variations in bank capital If banks’ net worth is low enough, households know that they will not be repaid in...

Ngày tải lên: 06/03/2014, 10:20

... BIS Working Papers are written by members of the Monetary and Economic Department of the Bank for International Settlements, and from time to time by other economists, and are published by the ... 1682-7678 (online) ii The bank lending channel: Lessons from the crisis Leonardo Gambacorta and David Marques-Ibanez Summary The 2007-2010 financial crisis highli...

Ngày tải lên: 15/03/2014, 10:20