scholarly journals Firm-Bank Credit Network, Business Cycle and Macroprudential Policy

2020 ◽  
Author(s):  
Luca Riccetti ◽  
Alberto Russo ◽  
Mauro Gallegati
Keyword(s):  
Business Cycle ◽  
Bank Credit ◽  
Macroprudential Policy ◽  
Credit Network

The Association Between Bank Credit Terms and Conditions and the Business Cycle in the Euro Area

2019 ◽  
Vol 65 (4) ◽  
pp. 247-256
Author(s):  
Dimitrios Anastasiou ◽  
Konstantinos Drakos
Keyword(s):  
Business Cycle ◽  
Euro Area ◽  
Bank Loan ◽  
Bank Credit ◽  
Monetary Policies ◽  
Policy Makers ◽  
Long Run ◽  
Loan Terms ◽  
Short Run ◽  
The Business Cycle

Abstract We explored the trajectory of bank loan terms and conditions over the business cycle, where the latter was decomposed into its long-run (trend) and short-run (cyclical) components. We found that deterioration of each business cycle component leads to a significant tightening of credit terms and conditions. We found mixed results concerning the symmetry of impacts of the short and long run components. Symmetry was found between the terms and conditions on loans for small vs. large enterprises. Our findings provide very useful information to policy makers and should be taken into consideration when monetary policies are designed.

Bank credit rates across the business cycle: Evidence from a French cooperative contracts database

2020 ◽  
Vol 112 ◽  
pp. 105220 ◽  
Author(s):  
Sébastien Dereeper ◽  
Frédéric Lobez ◽  
Jean-Christophe Statnik
Keyword(s):  
Business Cycle ◽  
Bank Credit ◽  
The Business Cycle

Are Bank Credit Standards Affected by the Business Cycle? Evidence from the Euro Area

2018 ◽  
Vol 64 (1) ◽  
pp. 5-16 ◽  
Author(s):  
Dimitrios Anastasiou ◽  
Konstantinos Drakos ◽  
Stylianos Giannoulakis
Keyword(s):  
Business Cycle ◽  
Euro Area ◽  
Small Firms ◽  
Bank Lending ◽  
Negative Influence ◽  
Bank Credit ◽  
Growth Trend ◽  
Macroprudential Policies ◽  
The Business Cycle ◽  
Credit Standards

Abstract The purpose of this study is to investigate the link between bank credit standards (CS hereafter) and business cycle fluctuations. This is the first empirical study which attempts to examine whether business cycle affects bank CS. We use quarterly survey-data on CS taken from the Bank Lending Survey from 2003Q1 to 2016Q1, for 14 Euro-area countries. We find that business cycle and GDP growth trend exert a negative influence on CS, and thus business cycle and trend are two major drivers of the tightening or easing of the CS. We also find that the two components (cyclical and trend) of the real GDP decomposition affect in a symmetric way CS. Moreover, symmetry of impacts was found between the CS and the business cycle and trend for large vs. small firms. Our findings could be helpful for both the European bank regulatory authorities and for the banks’ loan officers when they are designing macroprudential policies. JEL classifications: E30, E32, E44, G21 Keywords: credit standards, business cycle, bank lending survey, loan supply

Asymmetric effects of the business cycle on bank credit risk

2009 ◽  
Vol 33 (9) ◽  
pp. 1624-1635 ◽  
Author(s):  
Juri Marcucci ◽  
Mario Quagliariello
Keyword(s):  
Business Cycle ◽  
Credit Risk ◽  
Bank Credit ◽  
Asymmetric Effects ◽  
The Business Cycle

scholarly journals Macroprudential Policy Spillovers

2017 ◽  
Vol 17 (170) ◽  
Author(s):  
Heedon Kang ◽  
Francis Vitek ◽  
Rina Bhattacharya ◽  
Phakawa Jeasakul ◽  
Sònia Muñoz ◽  
...  
Keyword(s):  
Quantitative Methods ◽  
Structural Model ◽  
Simulation Analysis ◽  
Bank Credit ◽  
Panel Regression ◽  
Regression Analyses ◽  
Macroprudential Policy ◽  
Cross Border ◽  
Policy Shocks ◽  
Policy Measures

This paper analyzes cross-border macrofinancial spillovers from a variety of macroprudential policy measures, using a range of quantitative methods. Event study and panel regression analyses find that liquidity and sectoral macroprudential policy measures often affect cross-border bank credit, whereas capital measures do not. This empirical evidence is stronger for tightening than for loosening measures, is distributed across credit leakage and reallocation effects, and is generally regionally concentrated. Consistently, structural model based simulation analysis indicates that output and bank credit spillovers from sectoral macroprudential policy shocks are generally small worldwide, but are regionally concentrated and economically significant for countries connected by strong trade or financial linkages. This simulation analysis also indicates that countercyclical capital buffer adjustments have the potential to generate sizeable regional spillovers.

scholarly journals Risk of the collapse of a bank credit network

2012 ◽  
Vol 27 (6) ◽  
pp. 338-345 ◽  
Author(s):  
Yoshiharu Maeno ◽  
Satoshi Morinaga ◽  
Hirokazu Matsushima ◽  
Kenichi Amagai
Keyword(s):  
Bank Credit ◽  
Credit Network
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