1,042
Views
1
CrossRef citations to date
0
Altmetric
BANKING & FINANCE

Non-performing loans and the lending channel of shock transmission across countries

ORCID Icon &
Article: 2046239 | Received 30 Apr 2021, Accepted 19 Feb 2022, Published online: 14 Mar 2022

References

  • Backus, D. K., Kehoe, P. J., & Kydland, F. E. (1994). Dynamics of the trade balance and the terms of trade: The j-curve? American Economic Review, 84(1), 84–23 https://EconPapers.repec.org/RePEc:aea:aecrev:v:84:y:1994:i:1:p:84-103.
  • Buyukkarabacak, B. (2008). Consumption volatility in emerging economies: credit constraints, collateral and income distribution. PhD thesis. Emory University.
  • Campbell, J. Y., & Mankiw, N. G. (1990). Permanent income, current income, and consumption. Journal of Business and Economic Statistics, 8(3), 265–279 https://econpapers.repec.org/article/besjnlbes/v_3a8_3ay_3a1990_3ai_3a3_3ap_3a265-79.htm.
  • Cetorelli, N., & Goldberg, L. S. (2009). Globalized banks: Lending to emerging markets in the crisis. Technical report (Federal Reserve Bank of New York).
  • Cetorelli, N., & Goldberg, L. S. (2012). Banking globalization and monetary transmission. The Journal of Finance, 67(5), 1811–1843. https://doi.org/10.1111/j.1540-6261.2012.01773.x
  • Christensen, I., Corrigan, P., Mendicino, C., & Nishiyama, S.-I. (2016). Consumption, housing collateral, and the Canadian business cycle. Canadian Journal of Economics, 49(1), 207–236. https://doi.org/10.1111/caje.12195
  • Devereux, M. B., & Yetman, J. (2010). Leverage constraints and the international transmission of shocks. Journal of Money, Credit, and Banking, 42(s1), 71–105. https://doi.org/10.1111/j.1538-4616.2010.00330.x
  • Dib, A. (2010a). Banks, credit market frictions, and business cycles. Technical report (Bank of Canada).
  • Dib, A. (2010b). Capital requirement and financial frictions in banking: Macroeconomic implications. Technical report (Bank of Canada).
  • Faia, E., & Iliopulos, E. (2011). Financial openness, financial frictions and optimal monetary policy. Journal of Economic Dynamics & Control, 35(11), 1976–1996. https://doi.org/10.1016/j.jedc.2011.06.012
  • Forlati, C. & Lambertini, L. (2011). Risky Mortgages in a DSGE Model. International Journal of Central Banking, 7(1), 285–335.
  • Gertler, M., & Kiyotaki, N. (2010). Financial intermediation and credit policy in business cycle analysis. Handbook of Monetary Economics, 3, 547–599 https://www.sciencedirect.com/science/article/abs/pii/B9780444532381000119.
  • Iacoviello, M. (2005). House prices, borrowing constraints, and monetary policy in the business cycle. American Economic Review, 95(3), 739–764. https://doi.org/10.1257/0002828054201477
  • Iacoviello, M. (2015). Financial business cycle. Review of Economic Dynamics, 18(1), 140–163. https://doi.org/10.1016/j.red.2014.09.003
  • Imai, M., & Takarabe, S. (2011). Bank integration and transmission of financial shocks: Evidence from Japan. American Economic Journal: Macroeconomics, 3(1), 155–183 https://www.jstor.org/stable/41237135.
  • Kalemli-Ozcan, S. & Papaioannou, E. & Perri, F. (2012). Global Banks and Crisis Transmission. Journal of International Economics, 89(2), 495–510.
  • Kamin, S. B., & DeMarco, L. P. (2012). How did a domestic housing slump turn into a global financial crisis? Journal of International Money and Finance, 31(1), 10–41. https://doi.org/10.1016/j.jimonfin.2011.11.003
  • Kiyotaki, N., & Moore, J. (1997). Credit cycles. Journal of Political Economy, 105(2), 211–248. https://doi.org/10.1086/262072
  • Kollmann, R., Enders, Z., & Mller, G. J. (2011). Global banking and international business cycles. European Economic Review, 55(3), 407–426. https://doi.org/10.1016/j.euroecorev.2010.12.005
  • Peek, J., & Rosengren, E. S. (1997). The international transmission of financial shocks: The case of Japan. American Economic Review, 87(4), 495–505 https://www.jstor.org/stable/2951360.
  • Peek, J., & Rosengren, E. S. (2000). Collateral damage: Effects of the japanese bank crisis on real activity in the United States. American Economic Review, 90(1), 30–45. https://doi.org/10.1257/aer.90.1.30
  • Popov, A., & Udell, G. F. (2010). Cross-border banking and the international transmission of financial distress during the crisis of 2007-2008. Working Paper Series 1203, European Central Bank.
  • Stockman, A. C., & Tesar, L. L. (1995). Tastes and technology in a two-country model of the business cycle: Explaining international comovements. American Economic Review, 85(1), 168–185 https://www.jstor.org/stable/2118002.
  • Ueda, K. (2010). Banking globalization and international business cycles. Technical report (Bank of Japan).
  • Wincoop, E. (2011). International contagion through leveraged financial institutions. NBER Working Papers 17686, National Bureau of Economic Research, Inc.