Browsing by Author "Peydró, José-Luis"

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  • Credit demand versus supply channels : experimental- and administrative-based evidence
    Michelangeli, Valentina; Peydró, José-Luis; Sette, Enrico (2021-07)
    (July 2020) This paper identifies and quantifies –for the first time– the relative importance of borrower (credit demand) versus bank (supply) balance-sheet channels. We submit fictitious applications (varying households’ ...
  • Credit supply and monetary policy: Identifying the bank balance-sheet channel with loan applications
    Jimenez, Gabriel; Ongena, Steven; Peydró, José-Luis; Saurina, Jesús (2010-09-01)
    We analyze the impact of monetary policy on the supply of bank credit. Monetary policy affects both loan supply and demand, thus making identification a steep challenge. We therefore analyze a novel, supervisory dataset ...
  • Credit supply and monetary policy: identifying the bank balance-sheet channel with loan applications
    Jiménez Zambrano, Gabriel; Ongena, Steven; Peydró, José-Luis; Saurina, Jesús (American Economic Association, 2012)
    We analyze the impact of monetary policy on the supply of bank credit. Monetary policy affects both loan supply and demand, thus making identification a steep challenge. We therefore analyze a novel, supervisory dataset ...
  • Cross-border interbank liquidity, crises, and monetary policy
    Abbassi, Puriya; Bräuning, Falk; Fecht, Falko; Peydró, José-Luis (Elsevier, 2022)
    We analyze how the Lehman and sovereign crises affect cross-border interbank liquidity, exploiting euro-area proprietary interbank data, crisis and monetary shocks, and loan terms to the same borrower during the same day ...
  • Discussion of "The effects of bank capital on lending: what do we know, and what does it mean?"
    Peydró, José-Luis (Association of the International Journal of Central Banking, 2010)
  • Do demand or supply factors drive bank credit, in good and crisis times?
    Jiménez, Gabriel; Ongena, Steven; Peydró, José-Luis; Saurina, Jesús (2017)
    We analyze the impact of balance-sheet strength on credit availability. Bank balance sheets are weak in crisis times, but so are those of firms, and credit demand is then also weak. For identification, we exploit an ...
  • Do demand or supply factors drive bank credit,in good and crisis times?
    Jiménez, Gabriel; Ongena, Steven; Peydró, José-Luis; Saurina, Jesús (2017-04-01)
    We analyze the impact of balance-sheet strength on credit availability. Bank balance sheets are weak in crisis times, but so are those of firms, and credit demand is then also weak. For identification, we exploit an ...
  • Double bank runs and liquidity risk management
    Ippolito, Filippo; Peydró, José-Luis; Polo, Andrea, 1983-; Sette, Enrico (2015-11-01)
    By providing liquidity to depositors and credit-line borrowers, banks can be exposed to double-runs on assets and liabilities. For identification, we exploit the 2007 freeze of the European interbank market and the Italian ...
  • Double bank runs and liquidity risk management
    Ippolito, Filippo; Peydró, José-Luis; Polo, Andrea, 1983-; Sette, Enrico (Elsevier, 2016)
    By providing liquidity to depositors and credit-line borrowers, banks can be exposed to double-runs on assets and liabilities. For identification, we exploit the 2007 freeze of the European interbank market and the Italian ...
  • Essays in empirical banking and financial stability
    Khametshin, Dmitry (Universitat Pompeu Fabra, 2017-12-18)
    In the first two chapters of this thesis, I study the effects of financial stability policies on bank behavior. Thus, in the first chapter, I analyze whether liquidity provision mechanisms may have unintended redistributive ...
  • Essays in empirical macro-finance
    Fabiani, Andrea (Universitat Pompeu Fabra, 2021-07-06)
    Do financial intermediaries influence firms’ (real and financial) outcomes? Are there interactions with monetary and macroprudential policy? This thesis tackles those questions from multiple perspectives. The first chapter ...
  • Essays in financial economics
    Gisbert i Rodríguez, Josep (Universitat Pompeu Fabra, 2022-07-04)
    This dissertation studies financial technology adoption, learning from financial information, and inter-temporal decisions. It contains three chapters. Chapter one examines the impact of bank branch closures on fintech adoption. ...
  • Essays in financial intermediation
    Liaudinskas, Karolis (Universitat Pompeu Fabra, 2020-06-26)
    Financial intermediation helps the economy allocate capital, presumably, in an efficient, safe and rational way (Manove and Padilla, 1999; Coval and Thakor, 2005). This dissertation studies if financial intermediaries ...
  • Essays on banking, international finance and monetary policy
    Gülsen, Eda (Universitat Pompeu Fabra, 2021-04-16)
    This thesis contributes to the empirical literature that analyses the link between banking, international finance and monetary policy. It studies several micro-level supervisory databases, each crucial for identification. ...
  • Essays on financial intermediation and risk
    Scherrieble, Willy (Universitat Pompeu Fabra, 2020-11-17)
    This thesis contributes to the understanding of systemic risk in the financial sector and its interrelation to the macroeconomy. The first chapter documents that misallocation of resources increased in the German manufacturing ...
  • Essays on the bank lending channel
    Soto, Paul Eduardo (Universitat Pompeu Fabra, 2018-07-02)
    This thesis contributes to the understanding of how banks shift their supply of credit when confronted with uncertainty, regulatory supervision and macroprudential policies. The first chapter proposes a new index to detect ...
  • Essays on the consequences of banking shocks
    Rodríguez Tous, Francesc (Universitat Pompeu Fabra, 2015-09-18)
    This thesis revolves around banking behavior and its implications for financial stability. The first chapter examines how banks buy and sell securities during the crisis, and we find that some banks -the ones specialized ...
  • Expansionary yet different : credit supply and real effects of negative interest rate policy
    Bottero, Margherita; Minoiu, Camelia; Peydró, José-Luis; Polo, Andrea, 1983-; Presbitero, Andrea F.; Sette, Enrico (2020-09-15)
    We show that negative interest rate policy (NIRP) has expansionary effects on bank credit supply—and the real economy—through a portfolio rebalancing channel, and that, by shifting down and flattening the yield curve, NIRP ...
  • Expansionary yet different: credit supply and real effects of negative interest rate policy
    Bottero, Margherita; Minoiu, Camelia; Peydró, José-Luis; Polo, Andrea, 1983-; Presbitero, Andrea F.; Sette, Enrico (2019-02-22)
    We show that negative interest rate policy (NIRP) has expansionary effects on bank credit supply- and the real economy - through a portfolio rebalancing channel, and that, by shifting down and flattening the yield curve, ...
  • Expansionary yet different: credit supply and real effects of negative interest rate policy
    Bottero, Margherita; Minoiu, Camelia; Peydró, José-Luis; Polo, Andrea, 1983-; Presbitero, Andrea F.; Sette, Enrico (Elsevier, 2022)
    We show that negative interest rate policy (NIRP) has expansionary effects on credit supply through a portfolio rebalancing channel. By shifting down and flattening the yield curve, NIRP differs from rate cuts just above ...