scholarly journals The Effects of Quantitative Easing on Bank Lending Behavior

Author(s):  
Alexander Rodnyansky ◽  
Olivier Darmouni
2017 ◽  
Vol 30 (11) ◽  
pp. 3858-3887 ◽  
Author(s):  
Alexander Rodnyansky ◽  
Olivier M. Darmouni

2021 ◽  
Author(s):  
Andrea Orame ◽  
Rodney Ramcharan ◽  
Roberto Robatto

2017 ◽  
Vol 6 (2) ◽  
pp. 35 ◽  
Author(s):  
Hiroyuki Ijiri

This study investigates exchange rates and bank lending as the transmission channels for Japan’s Quantitative Easing Policy (QEP) during 2001–2006. Using a Time Varying Parameter-VAR model and monthly data to analyze the dynamism of the QEP, this study is the first to show that the exchange rate channel was the effective QEP transmission channel after around 2005, while the bank lending channel was inactive.


Author(s):  
Ying Xu ◽  
Hai Anh La

This chapter assesses the spillover effects of the United States’ unconventional monetary policy on the Asian credit market. With a focus on cross-border bank lending, it employs firm-level loan data with regard to the syndicated loan market and measures the international bank lending channel through changes in United States dollar-denominated loans extended to Asian borrowers. It finds that the growth of dollar credit in Asia increased substantially in response to quantitative easing in the US financial market. The results of this study confirm the existence of the bank lending channel in Asia and emphasize the role of credit flows in transmitting financial conditions. The chapter also provides new evidence of cross-border liquidity spillover in the syndicated loan market. It finds that the overall spillover effect was large but differed significantly in Asia by types of borrowing firms, financing purposes, and loan terms at different stages of the quantitative easing programmes.


2019 ◽  
Vol 67 (3) ◽  
pp. 197-206
Author(s):  
Andreas Horsch

Zusammenfassung Für kleine und mittlere Unternehmen (KMU) zählt die Kreditfinanzierung durch Banken traditionell zu den wichtigsten Finanzierungsquellen. Regulierungsnormen, die sich unmittelbar auf das Aktivgeschäft der Banken richten, können deren Kreditvergabeverhalten verändern und in der Folge mittelbar wirksam für KMU werden. Ausgehend vom neuen Rahmenkonzept des Baseler Ausschusses stellt sich die Frage, inwieweit dieses die Attraktivität des mittelständischen Kreditgeschäfts aus Bankensicht und mithin die Finanzierungsmöglichkeiten für KMU verändert. Abstract Traditionally, small and medium-sized enterprises (SMEs) to a large extent rely on bank lending. Regulation directed at investment policies of banks in general and their lending policies in particular will affect banks’ lending behavior and thus become relevant for SMEs. Referring to the recent regulatory framework of the Basel Committee, the question is in how far it will amend the attractiveness of SME loan business for the bank and hereupon the financing options of the former.


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