Browsing Arbeidsnotater / Working Papers by Subject "bank lending channel"
Now showing items 1-4 of 4
-
The corporate real effects of CIP deviations
(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 ... -
Financial Globalization and Bank Lending : The Limits of Domestic Monetary Policy?
(Working papers;4/2018, Working paper, 2018)We empirically analyze how bank lending reacts to monetary policy in the presence of global financial flows. Employing a unique and novel dataset of the funding modes and currency composition of the full population of ... -
Real and Financial Tradeoffs in Non-Listed Firms: Cash Flow Sensitivities and How They Change with Shocks to Firms' Main-Bank
(Working Papers;27/2010, Working paper, 2010)We study how non-listed firms trade off financial, real, and distributive uses of cash. We show that firms' marginal value of cash (MVC) affects the mix of external and internal finance used to absorb fluctuations in cash ... -
Trade conflicts and credit supply spillovers : Evidence from the Nobel Peace Prize trade shock
(Working paper;6/2023, Working paper, 2023)In this paper, we examine how a trade conflict’s impact on the real economy can be amplified by financial intermediaries. After China’s implicit ban on the imports of Norwegian salmon in response to the decision on 2010 ...