Essays about: "bank credit channel"

Showing result 1 - 5 of 9 essays containing the words bank credit channel.

1. 1. PEPP Talk: The Impact of the ECB's Pandemic Emergency Purchase Programme on the Corporate Bond Market

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Lorenzo Gianni Günther; Emma Lundblad; [2022]
   Keywords : Quantitative Easing; The European Central Bank; The Pandemic Emergency Purchase Programme; Corporate Bonds; Covid-19; Credit Spread; Business and Economics;

   Abstract : Purpose: This thesis aims to evaluate whether the ECB’s Pandemic Emergency Purchase Programme (PEPP) cushioned the Covid-19 crisis’ impact on the Euro area’s corporate bond market and relieved borrowing conditions. Methodology: The methodology is based upon unbalanced panel data and difference-in-differences regressions with firm-clustered standard errors. READ MORE

3. 2. Investigating the existence of a bank lending channel in Sweden

   University essay from Umeå universitet/Nationalekonomi

   Author : Mervan Bedikanli; [2021]
   Keywords : ;

   Abstract : This paper uses quarterly Swedish bank-level data from 1999 to 2019 in an attempt to study the existence of a bank lending channel in Sweden. The bank lending channel is concerned with the role of credit in an economy, where it is argued that monetary policy can affect the real economy through a credit channel, in which banks shift their supply of loans to the public. READ MORE

4. 3. Using FAVAR Model to Test the Credit Channel Monetary Policy Transmission Mechanism in Long-term Credit Cycle

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Zhihao Fu; [2020]
   Keywords : Monetary policy transmission mechanism; enterprise balance sheet channel; bank credit channel; FAVAR model; VAR model;

   Abstract : In this paper, based on the FAVAR model created by Ben Bernanke, 115 groups of economic variables' data from January 1959 to December 2014 were selected for the empirical analysis. From January 1959 to August 2008, the fed funds rate was used to work as the indicator of the monetary policy. READ MORE

5. 4. Securitisation and SME credit availability in the EU

   University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

   Author : Jan Litjens; [2019]
   Keywords : Assets securitisation; SME financing; Capital Markets Union; Business cycles;

   Abstract : This paper analyses the relationship between securitisation and SME financing through the bank lending channel in combination with the procyclicality of both. Using securitisation issuance data on a national level, panel survey data on SME financing conditions at the firm level, and the output gap as a proxy for the business cycle, I find that both securitisation and SME credit availability are procyclical. READ MORE

6. 5. Credit tightening and financial debt sustainability: a panel approach to Italian firm-level data

   University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

   Author : Chiara Billi; [2016]
   Keywords : panel data; corporate distress; bank lending; credit rationing;

   Abstract : The aim of this paper is to examine how the macroeconomic shock caused by the sovereign debt crisis of 2012, through its impact on credit markets, was transmitted to the debt sustainability of Italian manufacturing firms. Using original panel data on 12,103 firms and adopting a fixed effects strategy I test the existence and the impact of the bank lending and balance sheet transmission channels on corporate debt sustainability. READ MORE