The Deposits Channel of Monetary Policy
By I. Drechsler, Alexi Savov, Philipp Schnabl. 2017
788 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/8bb665005cb193f259b85ea37c5b2b2a3a9f622f
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
- Thomas Philippon
- Kairong Xiao
- Philipp Schnabl
- Daniel Paravisini
- Veronica Rappoport
- David Thesmar
- David Sraer
- A. Landier
In Finance
- Philipp Schnabl
- Thomas Philippon
- Kairong Xiao
- Veronica Rappoport
- Daniel Paravisini
- David Thesmar
- David Sraer
- A. Landier
Citations in the corpus
- The Rise of Finance Companies and FinTech Lenders in Small Business Lending (2020, neutral): “…(2016); Jimenez, Ongena, Peydro, and Saurina (2014); Chodorow-Reich (2014); Paravisini, Rappoport, Schnabl, and Wolfenzon (2015); Paravisini, Rappoport, and Schnabl (2015); Drechsler, Savov, and Schnabl (2017); Amiti and Weinstein (2018); and Gilje (2019), Wang, Whited, Wu, and Xiao (2020)).”
- The FinTech Opportunity (2016, positive): “This is consistent with the findings in Favara (2009) and Cecchetti and Kharroubi (2012) who argue that the relation between credit and growth is not monotonic.”
- Banks’ exposure to interest rate risk and the transmission of monetary policy (2020, positive): “This result echoes earlier work by Flannery and James (1984), who show that income gap explains how S&Ls’ stock returns react to changes in interest rates.”
- Banking on Deposits: Maturity Transformation without Interest Rate Risk (2018, background): “2 Drechsler, Savov, and Schnabl (2017) present an alternative channel of monetary policy to bank lending that does not rely on variation in banks’ net worth.”
- Specialization in Bank Lending: Evidence from Exporting Firms (2015, methodology): “be tested using within-firm specifications that account for banks’ pattern of export specialization using the empirical setting in Paravisini et al. (2015). We show that demand shocks can explain a larger amount of the within-firm variation in credit than bank funding shocks, which implies that igno”
- Credit Supply and Housing Speculation (2018, neutral): “Drechsler et al. (2017) and Xiao (2018) provide theory and evidence that suggests that growth in the shadow banking sector was related to the end of the monetary policy easing cycle in the summer of 2003.”
- Monetary Transmission through Shadow Banks (2018, positive): “Stein 2000; Drechsler et al. 2017). This paper brings shadow banks into the forefront of the theoretical and empirical analysis of monetary policy. Theoretically, traditional monetary transmission channels in banks usually rely on regulatory constraints while abstracting away from imperfect competit”