Credit procyclicality has recently been the focus of considerable attention, but what fuels the often excessive credit growth is rarely questioned. We investigate the relationship between the composition of banks' liabilities and their credit procyclicality. After examining the macroeconomic context where banks rely increasingly on wholesale funding (WSF), we estimate the effect of WSF on the banks’ credit growth using panel data for the commercial banks of Korea between 2000:1 and 2011:2. We find that a higher sensitivity of banks' WSF to the business cycle leads to an excessive response of credit growth to the business cycle, even with a low share of WSF on bank liabilities. This finding suggests that the regulation of banks’ WSF mechanis...
PhD ThesisOver the last two decades, banks have become increasingly large and interdependent due to ...
Procyclicality has emerged as a potential drawback to adoption of risk-sensitive bank capital requir...
Procyclicality has emerged as a potential drawback to adoption of risk-sensitive bank capital requir...
Credit procyclicality has recently been the focus of considerable attention, but what fuels the ofte...
Credit procyclicality has recently been the focus of considerable attention, but what fuels the ofte...
Credit procyclicality has recently been the focus of considerable attention, but what fuels the oft...
The paper examines whether banks’ funding structure amplifies procyclicality. Using data for GCC ban...
The paper examines whether banks’ funding structure amplifies procyclicality. Using data for GCC ban...
The authors suggest that the credit channel - as a transmitter of monetary and financial shocks - ap...
This paper investigates the procyclicality of bank loans to Small and Medium Enterprises (SMEs) and ...
This paper investigates how business cycle volatility affects internal and external funding sources ...
Using the firm-level data set, the paper attempts to examine the dynamic patterns in the allocation ...
The stylized fact of co-movement of lending and economic activity has been widely interpreted as ev...
The paper provides new empirical evidence on factors that determine the profitability of the banking...
Procyclicality has emerged as a potential drawback to adoption of risk-sensitive bank capital requir...
PhD ThesisOver the last two decades, banks have become increasingly large and interdependent due to ...
Procyclicality has emerged as a potential drawback to adoption of risk-sensitive bank capital requir...
Procyclicality has emerged as a potential drawback to adoption of risk-sensitive bank capital requir...
Credit procyclicality has recently been the focus of considerable attention, but what fuels the ofte...
Credit procyclicality has recently been the focus of considerable attention, but what fuels the ofte...
Credit procyclicality has recently been the focus of considerable attention, but what fuels the oft...
The paper examines whether banks’ funding structure amplifies procyclicality. Using data for GCC ban...
The paper examines whether banks’ funding structure amplifies procyclicality. Using data for GCC ban...
The authors suggest that the credit channel - as a transmitter of monetary and financial shocks - ap...
This paper investigates the procyclicality of bank loans to Small and Medium Enterprises (SMEs) and ...
This paper investigates how business cycle volatility affects internal and external funding sources ...
Using the firm-level data set, the paper attempts to examine the dynamic patterns in the allocation ...
The stylized fact of co-movement of lending and economic activity has been widely interpreted as ev...
The paper provides new empirical evidence on factors that determine the profitability of the banking...
Procyclicality has emerged as a potential drawback to adoption of risk-sensitive bank capital requir...
PhD ThesisOver the last two decades, banks have become increasingly large and interdependent due to ...
Procyclicality has emerged as a potential drawback to adoption of risk-sensitive bank capital requir...
Procyclicality has emerged as a potential drawback to adoption of risk-sensitive bank capital requir...
Add to ORKG