|
000
| 02586nam 2200421zi 4500 |
|---|
| 001 | 9.935798 |
|---|
| 003 | CaOODSP |
|---|
| 005 | 20240322114554 |
|---|
| 006 | m o d f |
|---|
| 007 | cr |n||||||||| |
|---|
| 008 | 240322t20242024oncd ob f|0| 0 eng d |
|---|
| 040 | |aCaOODSP|beng|erda|cCaOODSP |
|---|
| 041 | |aeng|beng|bfre |
|---|
| 043 | |an-us--- |
|---|
| 086 | 1 |aFB3-5/2024-8E-PDF |
|---|
| 100 | 1 |aEnkhbold, Amina, |eauthor. |
|---|
| 245 | 10|aMonetary policy transmission through shadow and traditional banks / |cby Amina Enkhbold. |
|---|
| 264 | 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2024. |
|---|
| 264 | 4|c©2024 |
|---|
| 300 | |a1 online resource (ii, 24 pages) : |bcharts. |
|---|
| 336 | |atext|btxt|2rdacontent |
|---|
| 337 | |acomputer|bc|2rdamedia |
|---|
| 338 | |aonline resource|bcr|2rdacarrier |
|---|
| 490 | 1 |aStaff working paper = Document de travail du personnel,|y1701-9397 ; |v2024-8 |
|---|
| 500 | |aISSN assigned to different series. |
|---|
| 500 | |a"Last updated: March 21, 2024." |
|---|
| 504 | |aIncludes bibliographical references (pages 23-24). |
|---|
| 520 | |a"I investigate how monetary policy transmits to mortgage rates via the mortgage market concentration channel for both traditional and shadow banks in the United States from 2009 to 2019. On average, shadow and traditional banks exhibit only a slight disparity in transmitting monetary shocks to mortgage rates. Nonetheless, in highly concentrated mortgage markets, shadow banks transmit marginally 35 basis points (bps) more, whereas traditional banks transmit marginally 25 bps less in response to a monetary policy surprise of more than 100 bps. Lastly, banks serve different parts of the mortgage rate distribution: (i) fintech lenders compete with traditional banks for the highest rates, (ii) traditional banks target primarily the middle of the mortgage rate distribution, and (iii) non-fintech lenders specialize in the lowest rates by transmitting monetary policy the least"--Abstract, page ii. |
|---|
| 546 | |aIncludes abstracts in English and French. |
|---|
| 650 | 0|aMonetary policy|zUnited States. |
|---|
| 650 | 0|aMortgages|xRates|zUnited States. |
|---|
| 650 | 0|aNonbank financial institutions|zUnited States. |
|---|
| 650 | 6|aPolitique monétaire|zÉtats-Unis. |
|---|
| 650 | 6|aHypothèques|xTarifs|zÉtats-Unis. |
|---|
| 650 | 6|aInstitutions financières non bancaires|zÉtats-Unis. |
|---|
| 710 | 2 |aBank of Canada, |eissuing body. |
|---|
| 830 | #0|aStaff working paper (Bank of Canada)|v2024-8.|w(CaOODSP)9.806221 |
|---|
| 856 | 40|qPDF|s669 KB|uhttps://publications.gc.ca/collections/collection_2024/banque-bank-canada/FB3-5-2024-8-eng.pdf |
|---|