Browsing Arbeidsnotater / Working Papers by Author "Juelsrud, Ragnar"
Now showing items 1-6 of 6
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The corporate real effects of CIP deviations
Ippolito, Filippo; Peydro, Jose Luis; Karapetyan, Artashes; Juelsrud, Ragnar; Syrstad, Olav (Working paper;2/2024, Working paper, 2024)We show corporate real effects from Covered Interest Parity (CIP) deviations exploiting administrative data from Norway as well as CIP deviation shocks. Banks with access to U.S. money markets strongly increase USD global ... -
Granular credit risk
Galaasen, Sigurd; Jamilov, Rustam; Rey, Hélène; Juelsrud, Ragnar (Working Paper;15/2020, Working paper, 2020)What is the impact of granular credit risk on banks and on the economy? We provide the first causal identification of single-name counterparty exposure risk in bank portfolios by applying a new empirical approach on an ... -
The interaction between macroprudential and monetary policies: The cases of Norway and Sweden
Cao, Jin; Dinger, Valeriya; Grodecka-Messi, Anna; Juelsrud, Ragnar; Zhang, Xin (Working Paper;8/2020, Working paper, 2020)To shed light on the interaction between macroprudential and monetary policies, we study the inward transmission of foreign monetary policy in conjunction with domestic macroprudential and monetary policies in Norway and ... -
The Investment Channel of Monetary Policy : Evidence from Norway
Cao, Jin; Hegna, Torje; Holm, Martin B.; Juelsrud, Ragnar; König, Tobias; Riiser, Mikkel (Working paper;5/2023, Working paper, 2023)We investigate the transmission of monetary policy to investment using Norwegian administrative data. We have two main findings. First, financially constrained firms are more responsive to monetary policy, but the effect ... -
Monetary policy spillover to small open economies: Is the transmission different under low interest rates?
Cao, Jin; Dinger, Valeriya; Gómez, Tomás; Gric, Zuzana; Hodula, Martin; Jara, Alejandro; Juelsrud, Ragnar; Liaudinskas, Karolis; Malovaná, Simona; Terajima, Yaz (Working Paper;12/2021, Working paper, 2021)We explore the impact of low and negative monetary policy rates in core world economies on bank lending in four small open economies – Canada, Chile, the Czech Republic and Norway – using confidential bank-level data. Our ... -
Risk-based pricing in competitive lending markets
Müller, Carola; Juelsrud, Ragnar; Andersen, Henrik (Working paper;19/2021, Working paper, 2021)We use unique data on banks' private risk assessments of corporate borrowers to quantify how competition among banks affect the risk sensitivity of interest rates in the Norwegian credit market. We show that an increase ...