 | Negative Monetary Policy Rates and Portfolio Rebalancing: Evidence from Credit Register Data Author/Editor: Margherita Bottero, Camelia Minoiu, José-Luis Peydro, Andrea Polo, Andrea F Presbitero, Enrico Sette. Release Date:February, 2019 We study negative interest rate policy (NIRP) exploiting ECB's NIRP introduction and administrative data from Italy, severely hit by the Eurozone crisis. NIRP has expansionary effects on credit more...
| Price: $18.00
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 | Financial Access Under the Microscope Author/Editor: Sumit Agarwal, Thomas Kigabo, Camelia Minoiu, Andrea F Presbitero, Andre Silva. Release Date:September, 2018 We examine the impact of a large-scale microcredit expansion program on financial access and the transition of previously unbanked borrowers to commercial banks. Using administrative micro-data more...
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 | Managing the Sovereign-Bank Nexus Author/Editor: Giovanni Dell'Ariccia, Caio Ferreira, Nigel Jenkinson, Luc Laeven, Alberto Martin, Camelia Minoiu, Alex Popov. Release Date:September, 2018 This paper reviews empirical and theoretical work on the links between banks and their governments (the bank-sovereign nexus). How significant is this nexus? What do we know about it? To what extent more...
| Price: $20.00
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 | Household Credit, Global Financial Cycle, and Macroprudential Policies : Credit Register Evidence from an Emerging Country Author/Editor: Mircea Epure, Irina Mihai, Camelia Minoiu, José-Luis Peydró. Release Date:January, 2018 We analyze the effects of macroprudential policies on local bank credit cycles and interactions with
international financial conditions. For identification, we exploit the comprehensive credit more...
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 | Bank Lending in the Knowledge Economy Author/Editor: Giovanni Dell'Ariccia, Dalida Kadyrzhanova, Camelia Minoiu, Lev Ratnovski. Release Date:November, 2017 We study bank portfolio allocations during the transition of the real sector to a knowledge
economy in which firms use less tangible capital and invest more in intangible assets. We
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 | Corporate Investment and the Real Exchange Rate Author/Editor: Mai Chi Dao, Camelia Minoiu, Jonathan David Ostry. Release Date:August, 2017 We examine the relationship between real exchange rate depreciations and indicators of firm performance using data for a sample of more than 30,000 firms from 66 (advanced and emerging market) more...
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 | VAR meets DSGE : Uncovering the Monetary Transmission Mechanism in Low-Income Countries Author/Editor: Bin Grace Li, Stephen A O'Connell, Christopher Adam, Andrew Berg, Peter Montiel. Release Date:April, 2016 VAR methods suggest that the monetary transmission mechanism may be weak and unreliable in
low-income countries (LICs). But are structural VARs identified via short-run restrictions more...
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 | Monetary Policy in a Developing Country : Loan Applications and Real Effects Author/Editor: Charles Abuka, Ronnie K Alinda, Camelia Minoiu, José-Luis Peydró, Andrea Presbitero. Release Date:December, 2015 The transmission of monetary policy to credit aggregates and the real economy can be impaired by weaknesses
 in the contracting environment, shallow financial markets, and a concentrated more...
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 | Financial Crises and the Composition of Cross-Border Lending Author/Editor: Eugenio Cerutti, Galina Hale, Camelia Minoiu. Release Date:October, 2014 We examine the composition and drivers of cross-border bank lending between 1995 and 2012, distinguishing between syndicated and non-syndicated loans. We show that on-balance sheet syndicated loan more...
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 | Does Financial Connectedness Predict Crises? Author/Editor: Camelia Minoiu, Chanhyun Kang, V S Subrahmanian, Anamaria Berea. Release Date:December, 2013 The global financial crisis has reignited interest in models of crisis prediction. It has also raised the question whether financial connectedness - a possible source of systemic risk - can serve as more...
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