| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13616 |
| DP13616 The Impact of Monetary Conditions on Bank Lending to Households | |
| Győző Gyöngyösi; Steven Ongena; Ibolya Schindele | |
| 发表日期 | 2019-03-25 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We study the impact of monetary conditions on the supply of mortgage credit by banks to households. Using comprehensive credit register data from Hungary, we first establish a “bank-lending-to-households” channel by showing that monetary conditions affect the supply of mortgage credit in volume. We then study the impact of monetary conditions on the composition of mortgage credit along its currency denomination and borrower risk. We find that expansionary domestic monetary conditions increase the supply of mortgage credit to all households in the domestic currency and to risky households in the foreign currency. Because most households are unhedged, bank lending in multiple currencies may involve additional risk taking. Changes in foreign monetary conditions affect lending in the foreign currency more than in the domestic currency, and also differ in their compositional impact along firm risk. |
| 主题 | Financial Economics |
| 关键词 | Bank balance-sheet channel Household lending monetary policy Foreign currency lending |
| URL | https://cepr.org/publications/dp13616 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542475 |
| 推荐引用方式 GB/T 7714 | Győző Gyöngyösi,Steven Ongena,Ibolya Schindele. DP13616 The Impact of Monetary Conditions on Bank Lending to Households. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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