Search Results

Showing results 1 to 5 of approximately 5.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:Peydro, Jose Luis 

Conference Paper
Evidence on the impact of monetary policy on bank credit risk

Proceedings , Paper 1100

Conference Paper
Local versus aggregate lending channels : the effects of securitization on corporate credit supply in Spain

Proceedings , Paper 1126

Working Paper
The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach-for-Yield, and Real Effects

We identify the international credit channel of monetary policy by analyzing the universe of corporate loans in Mexico, matched with firm and bank balance-sheet data, and by exploiting foreign monetary policy shocks, given the large presence of European and U.S. banks in Mexico. We find that a softening of foreign monetary policy increases the supply of credit of foreign banks to Mexican firms. Each regional policy shock affects supply via their respective banks (for example, U.K. monetary policy affects credit supply in Mexico via U.K. banks), in turn implying strong real effects, with ...
International Finance Discussion Papers , Paper 1137

Working Paper
The Rise of Shadow Banking : Evidence from Capital Regulation

We investigate the connections between bank capital regulation and the prevalence of lightly regulated nonbanks (shadow banks) in the U.S. corporate loan market. For identification, we exploit a supervisory credit register of syndicated loans, loan-time fixed-effects, and shocks to capital requirements arising from surprise features of the U.S. implementation of Basel III. We find that less-capitalized banks reduce loan retention and nonbanks step in, particularly among loans with higher capital requirements and at times when capital is scarce. This reallocation has important spillovers: ...
Finance and Economics Discussion Series , Paper 2018-039

Working Paper
International financial integration, crises, and monetary policy: evidence from the euro area interbank crises

We analyze how financial crises affect international financial integration, exploiting euro area proprietary interbank data, crisis and monetary policy shocks, and variation in loan terms to the same borrower on the same day by domestic versus foreign lenders. Crisis shocks reduce the supply of crossborder liquidity, with stronger volume effects than pricing effects, thereby impairing international financial integration. On the extensive margin, there is flight to home ? but this is independent of quality. On the intensive margin, however, GIPS-headquartered debtor banks suffer in the Lehman ...
Working Papers , Paper 17-6

FILTER BY year

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

G01 3 items

G21 3 items

G28 3 items

E58 2 items

E44 1 items

E52 1 items

show more (3)

PREVIOUS / NEXT