Haku
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How do shocks to bank capital affect lending and growth?
(28.11.2018)
Bank of Finland Research Discussion Papers 25/2018
Bank of Finland Research Discussion Papers 25/2018
We examine bank capital shocks using a recent new approach based on non-normal errors in vector autoregressive models. Using a sample of 14 European economies over January 2004 through March 2018 we identify two distinct ...
Private information and lender discretion across time and institutions
(10.10.2018)
Bank of Finland Research Discussion Papers 17/2018
Bank of Finland Research Discussion Papers 17/2018
We assess the extent to which discretion, unexplained variations in the terms of a loan contract, has varied across time and lending institutions and show that part of this discretion is due to private information that ...