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BIS Working Papers No 297 The bank lending channel revisited doc

BIS Working Papers No 297 The bank lending channel revisited doc

BIS Working Papers No 297 The bank lending channel revisited doc

... absorbed 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 ... more binding with policy tightening. 17 BIS Working Papers No 297 The bank lending channel revisited By Piti Disyatat Monetary and Economic Dep...
Ngày tải lên : 06/03/2014, 10:20
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BIS Working Papers No 345 The bank lending channel: Lessons from the crisis doc

BIS Working Papers No 345 The bank lending channel: Lessons from the crisis doc

... arising from the use of true-sale securitisation, credit derivatives or synthetic CDOs, not included in the variable SEC. BIS Working Papers No 345 The bank lending channel: Lessons ... (2004). Overall, the evidence suggests that the role of the bank lending channel may be reduced in the case of small banks affiliated to a larger entity. The...
Ngày tải lên : 15/03/2014, 10:20
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BIS Working Papers No 333 Banking crises and the international monetary system in the Great Depression and now ppt

BIS Working Papers No 333 Banking crises and the international monetary system in the Great Depression and now ppt

... shows, in the first column, the change in the domestic-currency value of the central bank s BIS Working Papers No 333 Banking crises and the international monetary system in the Great ... of the banking crisis for the ‘real economy’. There was a discretionary limit to the scope of the automatic working of the gold standard. Of course, by providing...
Ngày tải lên : 22/03/2014, 21:20
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BIS Working Papers No 334 Why issue bonds offshore? docx

BIS Working Papers No 334 Why issue bonds offshore? docx

... other economists, and are published by the Bank. The papers are on subjects of topical interest and are technical in character. The views expressed in them are those of their authors and not ... quartile. See Table 2 for other variable notations. BIS Working Papers are written by members of the Monetary and Economic Department of the Ban...
Ngày tải lên : 15/03/2014, 07:20
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BIS Working Papers No 312 China’s high saving rate: myth and reality potx

BIS Working Papers No 312 China’s high saving rate: myth and reality potx

... 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 Bank. The papers are on subjects ... increase occurred in the 2000s. Second, the corporate sector has supplanted the household sector as the largest saver in China today but has not been the biggest...
Ngày tải lên : 15/03/2014, 10:20
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OECD Environment Working Papers No. 2: The Health Costs of Inaction with Respect to Air Pollution potx

OECD Environment Working Papers No. 2: The Health Costs of Inaction with Respect to Air Pollution potx

... pollution among the adult population. Therefore, the sample is not representative of the whole population and WTP values derived may not reflect the “true” social welfare. In addition, the significant ... 1993), it nevertheless appears as the most appropriate in the context of valuing the health benefits of reducing air pollution. The analysis of these methodological issu...
Ngày tải lên : 23/03/2014, 00:20
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A Theoretical and Empirical Assessment of the Bank Lending Channel and Loan Market Disequilibrium in Poland doc

A Theoretical and Empirical Assessment of the Bank Lending Channel and Loan Market Disequilibrium in Poland doc

... National Bank of Poland and the authors’ calculations. 5 Linking the Bank Lending Channel a nd the Disequilibrium Loan Market Analysis We assumed in our theoretical mo del of the bank lending channel ... is oftenusedtoapproximatethefirms’ and the banks’ expectations about future economic activity and tohaveapositivesign.FollowingtheBernankeandBlinder (1988a,b) and the...
Ngày tải lên : 22/03/2014, 23:20
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WORKING PAPER NO. 136 RETAIL BANK INTEREST RATE PASS-THROUGH: NEW EVIDENCE AT THE EURO AREA LEVEL docx

WORKING PAPER NO. 136 RETAIL BANK INTEREST RATE PASS-THROUGH: NEW EVIDENCE AT THE EURO AREA LEVEL docx

... determining the level of bank lending rates: the lower the maturity the higher the level of the bank lending rate. This is noteworthy since the yield curve is generally positively sloped. However, the ... April 2002 known as the flight to quality phenomenon. However, until this happens, the interest rate should not be sticky on the risky loans. In fact, the...
Ngày tải lên : 15/03/2014, 14:20
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Working Paper No. 446 The business cycle implications of banks’ maturity transformation potx

Working Paper No. 446 The business cycle implications of banks’ maturity transformation potx

... heterogeneity in the banking sector and there does not exist a representative bank. Working Paper No. 446 March 2012 18 Working Paper No. 446 The business cycle implications of banks’ maturity ... represent those of the Bank of England or to state Bank of England policy. This paper should therefore not be reported as representing the views of the Bank of England or memb...
Ngày tải lên : 22/03/2014, 21:20
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NATIONAL BANK OF POLAND WORKING PAPER No . 72: Central bank’s macroeconomic projections and learning potx

NATIONAL BANK OF POLAND WORKING PAPER No . 72: Central bank’s macroeconomic projections and learning potx

... when the central bank is silent about the interest rate path, (1 − λ 1 ) = 0. Publishing the path, the central bank enlarges the region of instability – the larger the weight the agents give to the ... the central bank enlarges the region of instability – the larger the weight the agents give to the announcement, the larger the region of instability und...
Ngày tải lên : 22/03/2014, 23:20
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