Zobrazeno 1 - 10
of 10
pro vyhledávání: '"Foulis, Angus"'
Publikováno v:
In Journal of Monetary Economics October 2022 131:26-44
Publikováno v:
The American Economic Review, 2020 Jul 01. 110(7), 2225-2270.
Externí odkaz:
https://www.jstor.org/stable/26921635
Autor:
Foulis, Angus
The three chapters in this thesis consider the role macroprudential policy can play in economic booms and busts. The first two chapters concern the recent housing boom in the United States. Whilst it is popularly thought that a significant easing of
Externí odkaz:
http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.602739
Akademický článek
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Autor:
FOULIS, ANGUS angus.foulis@bankofengland.co.uk, NELSON, BENJAMIN benjamindnelson@hotmail.com, TANAKA, MISA misa.tanaka@bankofengland.co.uk
Publikováno v:
Journal of Money, Credit & Banking (John Wiley & Sons, Inc.). Oct2019, Vol. 51 Issue 7, p1963-1998. 36p. 2 Charts, 9 Graphs.
This paper uses a detailed firm-level dataset to show that monetary policy propagates via asset prices through corporate debt collateralised on real estate. Our research design exploits the fact that many small and medium sized firms use the homes of
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______206::21ee9f47a8b2167c5ab73979cf73d115
http://eprints.lse.ac.uk/100934/
http://eprints.lse.ac.uk/100934/
This paper shows that lending relationships insulate corporate investment from shocks to collateral values. We construct a novel database covering the banking relationships of UK firms, as well as those of their board members and executives. We find
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______206::7d3bf7e80cd3546f91fba17128285153
http://eprints.lse.ac.uk/90371/
http://eprints.lse.ac.uk/90371/
The homes of those in charge of firms are an important source of finance for ongoing businesses. We use firm level accounting data, transaction level house price data and loan level residential mortgage data from the UK to show that a £1 increase in
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______206::7b440dd53e0cba9038e22ccd88084715
http://eprints.lse.ac.uk/86151/
http://eprints.lse.ac.uk/86151/
We present evidence on a new macroeconomic channel which we call the residential collateral channel. Through this channel, an increase in real estate prices expands firm activity by enabling company directors to utilise their residential property as
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______206::bf0b5f8f8235f14ca65e2c43a2450b65
http://eprints.lse.ac.uk/86240/
http://eprints.lse.ac.uk/86240/
Akademický článek
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