Credit conditions
Banks should not rely on CDS spreads for credit risk
National Bank of Belgium study highlights a number of shortfalls in policymakers’ use of CDS spreads as an indicator for bank risk
Bank of Italy on post-Lehman credit conditions
Bank of Italy paper shows severe credit contraction and behaviour of zombie banks distorted lending following Lehman’s collapse
CEPR: small banks pay big premium during credit crunch
Centre of Economic Policy Research study into bank lending finds small firms’ access to liquidity is affected more than larger firms by adverse credit conditions
Eurozone credit standards tightened further in past three months
ECB s bank lending survey shows credit conditions remain fragile
Hungary discovers further risks to economy
National Bank of Hungary report identifies stability threats
Aussie dollar boosted as RBA hikes again
Reserve Bank of Australia increases benchmark rate to 4.25%
Hong Kong debt market rebounds
Latest Quarterly Bulletin from Hong Kong Monetary Authority shows debt markets have normalised in the territory following Lehman collapse
Fed: safety net is too big
Richmond Federal Reserve research flags dramatic expansion of safety net
Credit channel working in Korea
Bank of Korea paper uses data from Korean firms to build on academic research on credit channels
Bank of England – Trends in Lending (February)
Bank report shows lending to businesses, home buyers and consumer remains constrained
Bank holds rates, halts asset purchases
Bank’s rate-setters stand pat, pointing to a clash of pressures between inflation and anaemic growth; ex-MPC members concur