Bank lending in Switzerland: Capturing cross-sectional heterogeneity and asymmetry over time

Arbeitspapier

We study the bank lending channel in Switzerland over three decades using unbalanced quarterly bank-individual data spanning 1987 to 2016. In contrast to the usual empirical approach, we take an agnostic stance on which bank characteristic drives the heterogenous lending response to interest rate changes. In addition, our empirical model allows for a changing lending reaction occurring over time in a state-dependent manner. Our results are consistent with the existence of a bank lending channel, which is however muted in specific periods. Such episodes are characterized by increased economic uncertainty, which negatively impacts loan growth.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. 20.04

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Bayesian Analysis: General ; Multiple or Simultaneous Equation Models: Truncated and Censored Models; Switching Regression Models ; Financial Markets and the Macroeconomy ; Monetary Policy ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages
• Thema: Bank lending channel ; economic uncertainty ; Markov switching model ; Bayesian econometrics ; unbalanced panel

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Beutler, Toni ; Gubler, Matthias ; Hauri, Simona ; Kaufmann, Sylvia
• Ereignis: Veröffentlichung
• (wer): Swiss National Bank, Study Center Gerzensee
• (wo): Gerzensee
• (wann): 2020

Weitere Informationen

• Handle: http://hdl.handle.net/10419/247255
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ