skip to main content
Visitante
Meu Espaço
Minha Conta
Sair
Identificação
This feature requires javascript
Tags
Revistas Eletrônicas (eJournals)
Livros Eletrônicos (eBooks)
Bases de Dados
Bibliotecas USP
Ajuda
Ajuda
Idioma:
Inglês
Espanhol
Português
This feature required javascript
This feature requires javascript
Primo Search
Busca Geral
Busca Geral
Acervo Físico
Acervo Físico
Produção Intelectual da USP
Produção USP
Search For:
Clear Search Box
Search in:
Busca Geral
Or select another collection:
Search in:
Busca Geral
Busca Avançada
Busca por Índices
This feature requires javascript
This feature requires javascript
Bank and non-bank balance sheet responses to monetary policy shocks
Holm-Hadulla, Fédéric ; Mazelis, Falk ; Rast, Sebastian
Economics letters, 2023-01, Vol.222, p.110918, Article 110918
[Periódico revisado por pares]
Elsevier B.V
Texto completo disponível
Citações
Citado por
Exibir Online
Detalhes
Resenhas & Tags
Mais Opções
Nº de Citações
This feature requires javascript
Enviar para
Adicionar ao Meu Espaço
Remover do Meu Espaço
E-mail (máximo 30 registros por vez)
Imprimir
Link permanente
Referência
EasyBib
EndNote
RefWorks
del.icio.us
Exportar RIS
Exportar BibTeX
This feature requires javascript
Título:
Bank and non-bank balance sheet responses to monetary policy shocks
Autor:
Holm-Hadulla, Fédéric
;
Mazelis, Falk
;
Rast, Sebastian
Assuntos:
Euro area
;
High-frequency identification
;
Monetary policy
;
Non-bank finance
É parte de:
Economics letters, 2023-01, Vol.222, p.110918, Article 110918
Descrição:
We provide evidence on how banks and non-bank financial intermediaries differ in their response to monetary policy. Our findings are based on a standard empirical macro model for the euro area, augmented with balance sheet data for banks and investment funds. The model is estimated via local projections, using high-frequency methods to identify different types of monetary policy shocks. Short-rate shocks lead to a significant balance sheet response of banks and investment funds, with a slightly swifter and more persistent reaction of banks. Long-rate shocks instead exert only short-lived effects on bank balance sheets, whereas investment fund balance sheets exhibit a stronger and more persistent response. The relative role of different types of financial intermediaries hence emerges as a relevant factor in shaping the transmission process for conventional and non-standard monetary policy measures. •Monetary policy transmits unevenly to bank and investment fund balance sheets.•Non-standard monetary policy affects investment funds more strongly than banks.•Standard monetary policy remains effective, despite the rise in non-bank finance.
Editor:
Elsevier B.V
Idioma:
Inglês
This feature requires javascript
This feature requires javascript
Voltar para lista de resultados
This feature requires javascript
This feature requires javascript
Buscando em bases de dados remotas. Favor aguardar.
Buscando por
em
scope:(USP_PRODUCAO),scope:(USP_EBOOKS),scope:("PRIMO"),scope:(USP),scope:(USP_EREVISTAS),scope:(USP_FISICO),primo_central_multiple_fe
Mostrar o que foi encontrado até o momento
This feature requires javascript
This feature requires javascript
Página Inicial
RSS
Feed
Políticas
Fale Conosco
Logos de Redes Sociais: 
Logos de Redes Sociais: