The Bank Lending Channel Revisited
By Piti Disyatat. 2011
347 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/87b0f9ac113bba58383c7be5d8491c5e42fd8c69
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- C. Borio
- Gabriele Galati
- R. Moessner
- Camelia Minoiu
- Tümer Kapan
- Piti Disyatat
- Emanuele Campiglio
- M. Bussière
In Finance
- Piti Disyatat
- R. Moessner
- Gabriele Galati
- C. Borio
- Camelia Minoiu
- Tümer Kapan
- Emanuele Campiglio
- M. Bussière
Citations in the corpus
- The international transmission of monetary policy (2018, background): “Disyatat (2011) reformulates the bank lending channel to stress the reverse causality.”
- Beyond carbon pricing: the role of banking and monetary policy in financing the transition to a low-carbon economy (2015, background): “…between banks and non-bank private investors: while the latter operate by reallocating the existing stock of credit, commercial banks are the only economic agents – together with central banks - capable of creating new credit 4 (Disyatat 2011; McLeay et al. 2014; Ryan-Collins et al. 2011).”
- Macroprudential Policy - A Literature Review (2012, positive): “Disyatat (2010) proposes a reformulation of the bank lending channel which operates via the effect of monetary policy on risk perception and on the strength of banks’ balance sheets.”
- Unconventional Monetary Policies: An Appraisal (2009, positive): “See Cecchetti and Disyatat (2009) for discussions of the use of central bank tools from a lender of last resort perspective. relied on higher reserve requirements while the Bank of Thailand has also heavily utilised repos to absorb liquidity.”
- Rethinking Potential Output: Embedding Information About the Financial Cycle (2013, neutral): “A key feature underlying all of this is the ability of the banking system to create purchasing power through the extension of credit (eg Disyatat (2011)).”
- Balance Sheet Strength and Bank Lending During the Global Financial Crisis (2013, positive): “Disyatat (2011) also shows that there are threshold effects: for banks with capital above a certain level, small negative shocks to asset values are fully absorbed into the system and are not passed on to the real economy through reduced lending.”