Journal ArticleDOI
Does bank capital affect lending behavior
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TLDR
In this paper, the authors investigated the existence of cross-sectional differences in the response of lending to monetary policy and GDP shocks owing to differences in bank capitalization and found that bank capital matters in the propagation of different types of shocks to lending.About:
This article is published in Journal of Financial Intermediation.The article was published on 2004-10-01. It has received 767 citations till now. The article focuses on the topics: Bank rate & Chinese financial system.read more
Citations
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Capital Regulation, Risk-Taking and Monetary Policy: A Missing Link in the Transmission Mechanism?
Claudio Borio,Haibin Zhu +1 more
TL;DR: In this paper, the authors argue that insufficient attention has so far been paid to the link between monetary policy and the perception and pricing of risk by economic agents - what might be termed the "risk-taking channel" of monetary policy.
Journal ArticleDOI
Housing Market Spillovers: Evidence from an Estimated DSGE Model
Stefano Neri,Matteo Iacoviello +1 more
TL;DR: In this paper, the authors investigated the ability of a two-sector model to quantify the contribution of the housing market to business fluctuations using U.S. data and Bayesian methods and found that a large fraction of the upward trend in real housing prices over the last 40 years can be accounted for by slow technological progress in the housing sector.
Journal ArticleDOI
Bank Liquidity Creation
TL;DR: This paper found that bank liquidity creation increased every year and exceeded $2.8 trillion in 2003 and that the relationship between capital and liquidity creation was positive for large banks and negative for small banks.
Journal ArticleDOI
Capital regulation, risk-taking and monetary policy: A missing link in the transmission mechanism?
Claudio Borio,Haibin Zhu +1 more
TL;DR: In this article, the authors argue that insufficient attention has so far been paid to the link between monetary policy and the perception and pricing of risk by economic agents, what might be termed the "risk-taking channel" of monetary policy.
Journal ArticleDOI
Bank Profitability and the Business Cycle
TL;DR: In this article, a set of equations for net interest income, non-interest income, operating costs, provisions, and profit before taxes, for banks in the main industrialized countries and evaluates the effects on banking profitability of shocks to both macroeconomic and financial factors.
References
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Journal ArticleDOI
Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.
Manuel Arellano,Stephen Bond +1 more
TL;DR: In this article, the generalized method of moments (GMM) estimator optimally exploits all the linear moment restrictions that follow from the assumption of no serial correlation in the errors, in an equation which contains individual effects, lagged dependent variables and no strictly exogenous variables.
Journal Article
The Cost of Capital, Corporation Finance and the Theory of Investment
TL;DR: In this article, the effect of financial structure on market valuations has been investigated and a theory of investment of the firm under conditions of uncertainty has been developed for the cost-of-capital problem.
Journal ArticleDOI
Corporate financing and investment decisions when firms have information that investors do not have
TL;DR: In this paper, a firm that must issue common stock to raise cash to undertake a valuable investment opportunity is considered, and an equilibrium model of the issue-invest decision is developed under these assumptions.
Book
Linear statistical inference and its applications
TL;DR: Algebra of Vectors and Matrices, Probability Theory, Tools and Techniques, and Continuous Probability Models.
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