The change in banks' business models and its impact on the bank lending channel: an empirical analysis using credit registry data (2017-)
Since the Great Financial Crisis, banks' activity has undergone fundamental changes, which have had profound implications for how banks are funded and on how they operate. The aim of this project, started in February 2017, is to understand how bank business models and credit provision have changed in Latin America and how this change could influence the bank lending channel of monetary policy. In particular, the use of credit register data allows the effects of bank characteristics on the supply of credit and on banks' response to shocks, in particular monetary policy shocks, to be verified.
Each Latin American central bank of the Consultative Council of the Americas is developing its own analysis, using a similar methodology to enhance the comparability of the results.
Leonardo Gambacorta of the BIS is the project's main academic adviser.