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The Transmission of Monetary Policy through Banks' Balance Sheets

In: Central Bank Frameworks: Evolution or Revolution?

Author

Listed:
  • Anthony Brassil

    (Reserve Bank of Australia)

  • Jon Cheshire

    (Reserve Bank of Australia)

  • Joseph Muscatello

    (Reserve Bank of Australia)

Abstract
No abstract is available for this item.

Suggested Citation

  • Anthony Brassil & Jon Cheshire & Joseph Muscatello, 2018. "The Transmission of Monetary Policy through Banks' Balance Sheets," RBA Annual Conference Volume (Discontinued), in: John Simon & Maxwell Sutton (ed.),Central Bank Frameworks: Evolution or Revolution?, Reserve Bank of Australia.
    • Handle: RePEc:rba:rbaacv:acv2018-05
    as

    Download full text from publisher

    File URL: https://www.rba.gov.au/publications/confs/2018/pdf/rba-conference-volume-2018-brassil-cheshire-muscatello.pdf
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    References listed on IDEAS

    as
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    2. Andries, Natalia & Billon, Steve, 2016. "Retail bank interest rate pass-through in the euro area: An empirical survey," Economic Systems, Elsevier, vol. 40(1), pages 170-194.
    3. Hristov, Nikolay & Hülsewig, Oliver & Wollmershäuser, Timo, 2014. "The interest rate pass-through in the Euro area during the global financial crisis," Journal of Banking & Finance, Elsevier, vol. 48(C), pages 104-119.
    4. Helen Hughson & Gianni La Cava & Paul Ryan & Penelope Smith, 2016. "The Household Cash Flow Channel of Monetary Policy," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 21-30, September.
    5. Richard Finlay & Mark Chambers, 2009. "A Term Structure Decomposition of the Australian Yield Curve," The Economic Record, The Economic Society of Australia, vol. 85(271), pages 383-400, December.
    6. Altavilla, Carlo & Boucinha, Miguel & Peydró, José-Luis, 2018. "Monetary policy and bank profitability in a low interest rate environment," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 33(96), pages 531-586.
    7. Gambacorta, Leonardo, 2008. "How do banks set interest rates?," European Economic Review, Elsevier, vol. 52(5), pages 792-819, July.
    8. DellʼAriccia, Giovanni & Laeven, Luc & Marquez, Robert, 2014. "Real interest rates, leverage, and bank risk-taking," Journal of Economic Theory, Elsevier, vol. 149(C), pages 65-99.
    9. Claudio E. V. Borio & Wilhelm Fritz, 1995. "The response of short-term bank lending rates to policy rates: a cross-country perspective," BIS Working Papers 27, Bank for International Settlements.
    10. Horvath, Roman & Kotlebova, Jana & Siranova, Maria, 2018. "Interest rate pass-through in the euro area: Financial fragmentation, balance sheet policies and negative rates," Journal of Financial Stability, Elsevier, vol. 36(C), pages 12-21.
    11. Anna Brown & Michael Davies & Daniel Fabbro & Tegan Hanrick, 2010. "Recent Developments in Banks' Funding Costs and Lending Rates," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 35-44, March.
    12. Gauti B. Eggertsson & Ragnar E. Juelsrud & Ella Getz Wold, 2017. "Are Negative Nominal Interest Rates Expansionary?," NBER Working Papers 24039, National Bureau of Economic Research, Inc.
    13. Rachael Fitzpatrick & Graham White, 2017. "Banking Fees in Australia," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 35-40, June.
    14. von Borstel, Julia & Eickmeier, Sandra & Krippner, Leo, 2016. "The interest rate pass-through in the euro area during the sovereign debt crisis," Journal of International Money and Finance, Elsevier, vol. 68(C), pages 386-402.
    15. Philip Lowe, 1995. "The Link between the Cash Rate and Market Interest Rates," RBA Research Discussion Papers rdp9504, Reserve Bank of Australia.
    16. David C. Wheelock, 2011. "Banking industry consolidation and market structure: impact of the financial crisis and recession," Review, Federal Reserve Bank of St. Louis, vol. 93(Nov), pages 419-438.
    17. Piergiorgio Alessandri & Benjamin D. Nelson, 2015. "Simple Banking: Profitability and the Yield Curve," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(1), pages 143-175, February.
    18. David Norman, 2017. "Return on Equity, Cost of Equity and the Implications for Banks," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 51-58, March.
    19. World Bank, 2017. "International Debt Statistics 2017," World Bank Publications - Books, The World Bank Group, number 25697.
    20. Kenneth Rogoff, 2017. "Dealing with Monetary Paralysis at the Zero Bound," Journal of Economic Perspectives, American Economic Association, vol. 31(3), pages 47-66, Summer.
    21. Peter Hoffmann & Sam Langfield & Federico Pierobon & Guillaume Vuillemey, 2019. "Who Bears Interest Rate Risk?," The Review of Financial Studies, Society for Financial Studies, vol. 32(8), pages 2921-2954.
    22. Aristei, David & Gallo, Manuela, 2014. "Interest rate pass-through in the Euro area during the financial crisis: A multivariate regime-switching approach," Journal of Policy Modeling, Elsevier, vol. 36(2), pages 273-295.
    23. Marianne Gizycki & Brian Gray, 1994. "Default Risk and Derivatives: An Empirical Analysis of Bilateral Netting," RBA Research Discussion Papers rdp9409, Reserve Bank of Australia.
    24. Bevan Cook & Daan Steenkamp, 2018. "Funding cost pass-through to mortgage rates," Reserve Bank of New Zealand Analytical Notes series AN2018/02, Reserve Bank of New Zealand.
    25. Daniel Fabbro & Mark Hack, 2011. "The Effects of Funding Costs and Risk on Banks' Lending Rates," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 35-42, March.
    26. Tim Atkin & Gianni La Cava, 2017. "The Transmission of Monetary Policy: How Does It Work?," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 01-08, September.
    27. Susan Black & Anthony Brassil & Mark Hack, 2010. "Recent Trends in Australian Banks' Bond Issuance," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 27-33, March.
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    Cited by:

    1. Anthony Brassil & Mike Major & Peter Rickards, 2022. "MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA's Macroeconometric Model," RBA Research Discussion Papers rdp2022-01, Reserve Bank of Australia.

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