| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13980 |
| DP13980 Bank intermediation activity in a low interest rate environment | |
| Michael Brei; Claudio Borio; Leonardo Gambacorta | |
| 发表日期 | 2019-09-03 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | This paper investigates how the prolonged period of low interest rates affects bank intermediation activity. We use data for 113 large international banks headquartered in 14 major advanced economies during the period 1994–2015. We find that low interest rates induce banks to shift their activities from interest-generating to fee-related and trading activities. This rebalancing is stronger for low capitalised banks. Banks also moderately adjust their funding structure, away from short-term market funding towards deposits. We observe a concomitant decline in the risk-weighted asset ratio and a reduction in loan-loss provisions, which is consistent with signs of evergreening. |
| 主题 | Financial Economics |
| 关键词 | monetary policy Bank business models Financial crisis |
| URL | https://cepr.org/publications/dp13980 |
| 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/542861 |
| 推荐引用方式 GB/T 7714 | Michael Brei,Claudio Borio,Leonardo Gambacorta. DP13980 Bank intermediation activity in a low interest rate environment. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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