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Bank Net Worth and Frustrated Moneta...

ProQuest Information and Learning Co.

Bank Net Worth and Frustrated Monetary Policy.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Bank Net Worth and Frustrated Monetary Policy./
Author:	Zentefis, Alexander Konstantinos.
Description:	1 online resource (119 pages)
Notes:	Source: Dissertation Abstracts International, Volume: 78-12(E), Section: A.
Contained By:	Dissertation Abstracts International78-12A(E).
Subject:	Finance. -
Online resource:	click for full text (PQDT)
ISBN:	9780355078121

Bank Net Worth and Frustrated Monetary Policy.
Zentefis, Alexander Konstantinos.

Bank Net Worth and Frustrated Monetary Policy. - 1 online resource (119 pages)

Source: Dissertation Abstracts International, Volume: 78-12(E), Section: A.

Thesis (Ph.D.)

Includes bibliographical references

This paper presents a model in which the effect of monetary policy depends on the state of bank net worth. When banks are flush with equity, changes in the central bank's policy interest rate pass through fully to bank lending rates. When banks have low equity, there is no such pass-through. Banks in the model are local monopolists for borrowers near them. When they have lots of equity, they compete for customers at the edges of their markets. When they have little equity, they retreat and exploit the monopoly power over their local customers. With very low equity, banks may even raise lending rates after a drop in the policy rate. The model posits novel connections between aggregate bank net worth, bank competition, and the effectiveness of monetary policy.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9780355078121Subjects--Topical Terms:

559073
Finance.
Index Terms--Genre/Form:

554714
Electronic books.

Bank Net Worth and Frustrated Monetary Policy.
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006 m o u
007 cr mn||||a|a||
008 190606s2017 xx obm 000 0 eng d
020 $a 9780355078121
035 $a (MiAaPQ)AAI10274151
035 $a (MiAaPQ)uchicago:13775
035 $a AAI10274151
040 $a MiAaPQ $b eng $c MiAaPQ
099 $a TUL $f hyy $c available through World Wide Web
100 1 $a Zentefis, Alexander Konstantinos. $3 1182904
245 1 0 $a Bank Net Worth and Frustrated Monetary Policy.
264 0 $c 2017
300 $a 1 online resource (119 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertation Abstracts International, Volume: 78-12(E), Section: A.
500 $a Advisers: Douglas W. Diamond; Stavros Panageas.
502 $a Thesis (Ph.D.) $c The University of Chicago $d 2017.
504 $a Includes bibliographical references
520 $a This paper presents a model in which the effect of monetary policy depends on the state of bank net worth. When banks are flush with equity, changes in the central bank's policy interest rate pass through fully to bank lending rates. When banks have low equity, there is no such pass-through. Banks in the model are local monopolists for borrowers near them. When they have lots of equity, they compete for customers at the edges of their markets. When they have little equity, they retreat and exploit the monopoly power over their local customers. With very low equity, banks may even raise lending rates after a drop in the policy rate. The model posits novel connections between aggregate bank net worth, bank competition, and the effectiveness of monetary policy.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Finance. $3 559073
650 4 $a Economics. $3 555568
650 4 $a Banking. $2 bicssc $3 810653
655 7 $a Electronic books. $2 local $3 554714
690 $a 0508
690 $a 0501
690 $a 0770
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a The University of Chicago. $b Business. $3 1179073
773 0 $t Dissertation Abstracts International $g 78-12A(E).
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10274151 $z click for full text (PQDT)

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