Christiaan van der Kwaak
Biographic Data
| ID | 5805488 |
|---|---|
| NAME | Christiaan van der Kwaak |
| GIVEN NAMES | Christiaan |
| FAMILY NAME | van der Kwaak |
| SIGNATURE | VAN DER KWAAK C |
| AFFILIATIONS | University of Groningen |
| ORCID | 0000-0001-7586-5875 |
| VERIFIED | Yes |
| TOTAL WORKS | 1 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 1 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2023 |
| LATEST PUBLICATION YEAR | 2023 |
| H-INDEX | 0 |
Unintended Consequences of Central Bank Lending in Financial Crises
I investigate the macroeconomic impact of central bank funding becoming a more attractive funding source to financial intermediaries in times of crisis. I show that the requirement to pledge collateral has a contractionary effect on private credit, everything else equal, and thereby reduces the expansionary effect that such lending otherwise has. I use an estimated New Keynesian model with financial frictions to show that the collateral effect ex…
No prominent works on this page.
Unintended Consequences of Central Bank Lending in Financial Crises
I investigate the macroeconomic impact of central bank funding becoming a more attractive funding source to financial intermediaries in times of crisis. I show that the requirement to pledge collateral has a contractionary effect on private credit, everything else equal, and thereby reduces the expansionary effect that such lending otherwise has. I use an estimated New Keynesian model with financial frictions to show that the collateral effect ex…
Banking stability, regulation, efficiency (1 work) · Business (1 work) · Central bank (1 work) · Collateral (1 work) · Economics (1 work) · Finance (1 work) · Finance (1 work) · Financial crisis (1 work) · Financial intermediary (1 work) · Financial system (1 work)