SUPPLY DRIVEN LENDING ACTIVITIES IN THE EU: EVIDENCE FROM INSTRUMENTAL VARIABLES

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F16%3A86098188" target="_blank" >RIV/61989100:27510/16:86098188 - isvavai.cz</a>

Nalezeny alternativní kódy

RIV/62156489:43110/16:43910338

Výsledek na webu

—

DOI - Digital Object Identifier

—

Jazyk výsledku

angličtina

Název v původním jazyce

SUPPLY DRIVEN LENDING ACTIVITIES IN THE EU: EVIDENCE FROM INSTRUMENTAL VARIABLES

Popis výsledku v původním jazyce

European countries, typical bank-based countries, are more reliant on bank credits and bank intermediation of savings, than the rest of the world. The objective of the paper is to identify link between bank lending activity, macroeconomic shocks and banking controls, with a special emphasize on the quality of bank asset. Using instrumental variables approach is quite unique in the field of monetary economics because endogeneity of all variables is generally agreed. Our intuition is based on a linear supply and demand framework where the quality of banking asset, as the instrument, is correlated with supply rather than demand shocks. The microeconomic data are provided by the Bankscope database; macroeconomic shocks are drawn from Eurostat on-line databases. We conclude that the level of impaired loans and loan-rate spread had an impact on bank loan activities in the post-crisis period (after 2008).

Název v anglickém jazyce

SUPPLY DRIVEN LENDING ACTIVITIES IN THE EU: EVIDENCE FROM INSTRUMENTAL VARIABLES

Popis výsledku anglicky

European countries, typical bank-based countries, are more reliant on bank credits and bank intermediation of savings, than the rest of the world. The objective of the paper is to identify link between bank lending activity, macroeconomic shocks and banking controls, with a special emphasize on the quality of bank asset. Using instrumental variables approach is quite unique in the field of monetary economics because endogeneity of all variables is generally agreed. Our intuition is based on a linear supply and demand framework where the quality of banking asset, as the instrument, is correlated with supply rather than demand shocks. The microeconomic data are provided by the Bankscope database; macroeconomic shocks are drawn from Eurostat on-line databases. We conclude that the level of impaired loans and loan-rate spread had an impact on bank loan activities in the post-crisis period (after 2008).

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

<a href="/cs/project/GA14-28848S" target="_blank" >GA14-28848S: Finanční krize, depreciace a credit crunch v zemích střední a východní Evropy</a><br>

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of 14th International Scientific Conference Economic Policy in the European Union Member Countries: September 14-16, 2016, Petrovice u Karviné, Czech Republic. Part 1

ISBN

978-80-7510-210-2

ISSN

—

e-ISSN

neuvedeno

Počet stran výsledku

9

Strana od-do

294-302

Název nakladatele

Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné

Místo vydání

Opava

Místo konání akce

Petrovice u Karviné

Datum konání akce

14. 9. 2016

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000403638200031