{"id":"https://openalex.org/W2340833909","doi":"https://doi.org/10.1016/j.jfi.2016.09.005","title":"Why bank capital matters for monetary policy","display_name":"Why bank capital matters for monetary policy","publication_year":2016,"publication_date":"2016-10-07","ids":{"openalex":"https://openalex.org/W2340833909","doi":"https://doi.org/10.1016/j.jfi.2016.09.005","mag":"2340833909"},"language":"en","primary_location":{"id":"doi:10.1016/j.jfi.2016.09.005","doi":"https://doi.org/10.1016/j.jfi.2016.09.005","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jfi.2016.09.005","pdf_url":null,"source":{"id":"https://openalex.org/S5984737","display_name":"Journal of Financial Intermediation","issn_l":"1042-9573","issn":["1042-9573","1096-0473"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Intermediation","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://www.bis.org/publ/work558.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5047191177","display_name":"Leonardo Gambacorta","orcid":"https://orcid.org/0000-0002-9895-6590","observed_orcids":["https://orcid.org/0000-0002-9895-6590"]},"institutions":[{"id":"https://openalex.org/I4210140326","display_name":"Centre for Economic Policy Research","ror":"https://ror.org/04jzmdh37","country_code":"GB","type":"nonprofit","lineage":["https://openalex.org/I4210140326"]},{"id":"https://openalex.org/I52989892","display_name":"Bank for International Settlements","ror":"https://ror.org/00d062t77","country_code":"CH","type":"other","lineage":["https://openalex.org/I52989892"]}],"countries":["CH","GB"],"is_corresponding":true,"raw_author_name":"Leonardo Gambacorta","raw_affiliation_strings":["Leonardo Gambacorta (Bank for International Settlements and CEPR) - Hyun Song Shin (Bank for International Settlemets and CEPR)","Centre for Economic Policy Research (CEPR)","Bank for International Settlements (BIS)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Leonardo Gambacorta (Bank for International Settlements and CEPR) - Hyun Song Shin (Bank for International Settlemets and CEPR)","institution_ids":["https://openalex.org/I52989892"]},{"raw_affiliation_string":"Centre for Economic Policy Research (CEPR)","institution_ids":["https://openalex.org/I4210140326"]},{"raw_affiliation_string":"Bank for International Settlements (BIS)","institution_ids":["https://openalex.org/I52989892"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5027298282","display_name":"Hyun Song Shin","orcid":"https://orcid.org/0000-0002-0821-2759","observed_orcids":["https://orcid.org/0000-0002-0821-2759"]},"institutions":[{"id":"https://openalex.org/I52989892","display_name":"Bank for International Settlements","ror":"https://ror.org/00d062t77","country_code":"CH","type":"other","lineage":["https://openalex.org/I52989892"]}],"countries":["CH"],"is_corresponding":false,"raw_author_name":"Hyun Song Shin","raw_affiliation_strings":["Leonardo Gambacorta (Bank for International Settlements and CEPR) - Hyun Song Shin (Bank for International Settlemets and CEPR)","Bank for International Settlements (BIS)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Leonardo Gambacorta (Bank for International Settlements and CEPR) - Hyun Song Shin (Bank for International Settlemets and CEPR)","institution_ids":["https://openalex.org/I52989892"]},{"raw_affiliation_string":"Bank for International Settlements (BIS)","institution_ids":["https://openalex.org/I52989892"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5047191177"],"corresponding_institution_ids":["https://openalex.org/I4210140326","https://openalex.org/I52989892"],"apc_list":{"value":3960,"currency":"USD","value_usd":3960},"apc_paid":null,"fwci":50.2877,"has_fulltext":true,"cited_by_count":390,"citation_normalized_percentile":{"value":0.99904738,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":100},"biblio":{"volume":"35","issue":null,"first_page":"17","last_page":"29"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.0032999999821186066,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/bank-capital","display_name":"bank capital","score":0.9959999918937683},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.6259999871253967},{"id":"https://openalex.org/keywords/bank-equity","display_name":"bank equity","score":0.7160000205039978},{"id":"https://openalex.org/keywords/cost-of-debt","display_name":"cost of debt","score":0.7639999985694885},{"id":"https://openalex.org/keywords/bank-lending-growth","display_name":"bank lending growth","score":0.9079999923706055},{"id":"https://openalex.org/keywords/credit-conditions","display_name":"credit conditions","score":0.6869999766349792},{"id":"https://openalex.org/keywords/monetary-policy-transmission","display_name":"monetary policy transmission","score":0.7390000224113464},{"id":"https://openalex.org/keywords/financial-situation","display_name":"financial conditions","score":0.5709999799728394},{"id":"https://openalex.org/keywords/monetary-easing","display_name":"monetary easing","score":0.5339999794960022},{"id":"https://openalex.org/keywords/monetary-tightening","display_name":"monetary tightening","score":0.9739999771118164},{"id":"https://openalex.org/keywords/banking-supervision","display_name":"banking supervision","score":0.656000018119812},{"id":"https://openalex.org/keywords/post-crisis-monetary-policy","display_name":"post-crisis monetary policy","score":0.765999972820282}],"concepts":[{"id":"https://openalex.org/C144929662","wikidata":"https://www.wikidata.org/wiki/Q750178","display_name":"Basis point","level":3,"score":0.6492183804512024},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5768064260482788},{"id":"https://openalex.org/C2777764128","wikidata":"https://www.wikidata.org/wiki/Q189539","display_name":"Loan","level":2,"score":0.5505868196487427},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.5412225127220154},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.5297521352767944},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5187733173370361},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.5136296153068542},{"id":"https://openalex.org/C28719098","wikidata":"https://www.wikidata.org/wiki/Q44946","display_name":"Point (geometry)","level":2,"score":0.4863296151161194},{"id":"https://openalex.org/C2993078247","wikidata":"https://www.wikidata.org/wiki/Q182076","display_name":"Bank credit","level":2,"score":0.46041637659072876},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.4456244707107544},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4417151212692261},{"id":"https://openalex.org/C124972522","wikidata":"https://www.wikidata.org/wiki/Q1303176","display_name":"Equity ratio","level":4,"score":0.4386003911495209},{"id":"https://openalex.org/C38070178","wikidata":"https://www.wikidata.org/wiki/Q1164340","display_name":"Bank rate","level":4,"score":0.43632039427757263},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.32674267888069153},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.325400173664093},{"id":"https://openalex.org/C143801662","wikidata":"https://www.wikidata.org/wiki/Q5384683","display_name":"Equity capital markets","level":3,"score":0.24970105290412903},{"id":"https://openalex.org/C2992735868","wikidata":"https://www.wikidata.org/wiki/Q66344","display_name":"Central bank","level":3,"score":0.17017847299575806},{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.13624590635299683},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1016/j.jfi.2016.09.005","doi":"https://doi.org/10.1016/j.jfi.2016.09.005","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jfi.2016.09.005","pdf_url":null,"source":{"id":"https://openalex.org/S5984737","display_name":"Journal of Financial Intermediation","issn_l":"1042-9573","issn":["1042-9573","1096-0473"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Intermediation","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:bis:biswps:558","doi":null,"is_oa":true,"landing_page_url":"http://www.bis.org/publ/work558.htm","pdf_url":"http://www.bis.org/publ/work558.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:2340833909","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID2760324_code170891.pdf?abstractid=2760324&mirid=3","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"mag:3123405377","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:bis:biswps:558","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:RePEc:eee:jfinin:v:35:y:2018:i:pb:p:17-29","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S104295731630047X","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"pmh:oai:RePEc:bis:biswps:558","doi":null,"is_oa":true,"landing_page_url":"http://www.bis.org/publ/work558.htm","pdf_url":"http://www.bis.org/publ/work558.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.4699999988079071}],"study_designs":[],"awards":[{"id":"https://openalex.org/G1844061666","display_name":null,"funder_award_id":"ES/K002309/1","funder_id":"https://openalex.org/F4320334630","funder_display_name":"Economic and Social Research Council"}],"funders":[{"id":"https://openalex.org/F4320334630","display_name":"Economic and Social Research Council","ror":"https://ror.org/03n0ht308"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2340833909.pdf","grobid_xml":"https://content.openalex.org/works/W2340833909.grobid-xml"},"referenced_works_count":72,"referenced_works":["https://openalex.org/W15381331","https://openalex.org/W196343342","https://openalex.org/W197321913","https://openalex.org/W956082846","https://openalex.org/W1488948185","https://openalex.org/W1512922739","https://openalex.org/W1529907582","https://openalex.org/W1558492463","https://openalex.org/W1562286532","https://openalex.org/W1565029751","https://openalex.org/W1565051662","https://openalex.org/W1921717000","https://openalex.org/W1924898843","https://openalex.org/W1934347645","https://openalex.org/W1951015395","https://openalex.org/W1951625793","https://openalex.org/W1967760338","https://openalex.org/W1982809111","https://openalex.org/W1999346478","https://openalex.org/W1999406276","https://openalex.org/W2007208820","https://openalex.org/W2014962525","https://openalex.org/W2016839669","https://openalex.org/W2025610165","https://openalex.org/W2026210190","https://openalex.org/W2065398236","https://openalex.org/W2073479667","https://openalex.org/W2074928461","https://openalex.org/W2087052436","https://openalex.org/W2088966794","https://openalex.org/W2098471783","https://openalex.org/W2114090301","https://openalex.org/W2125418034","https://openalex.org/W2133350126","https://openalex.org/W2133816410","https://openalex.org/W2134443358","https://openalex.org/W2137728327","https://openalex.org/W2156339602","https://openalex.org/W2157722270","https://openalex.org/W2161952714","https://openalex.org/W2167639294","https://openalex.org/W2168707962","https://openalex.org/W2170777567","https://openalex.org/W2171244230","https://openalex.org/W2192720068","https://openalex.org/W2203974328","https://openalex.org/W2228461633","https://openalex.org/W2295328703","https://openalex.org/W2297056752","https://openalex.org/W2314767031","https://openalex.org/W2612678290","https://openalex.org/W2955566102","https://openalex.org/W3022455051","https://openalex.org/W3107517059","https://openalex.org/W3121306919","https://openalex.org/W3121819860","https://openalex.org/W3122124451","https://openalex.org/W3122188849","https://openalex.org/W3122369515","https://openalex.org/W3123183289","https://openalex.org/W3123369755","https://openalex.org/W3123833473","https://openalex.org/W3124010289","https://openalex.org/W3124114405","https://openalex.org/W3124258798","https://openalex.org/W3124328633","https://openalex.org/W3124896946","https://openalex.org/W3124982262","https://openalex.org/W3125344117","https://openalex.org/W3125727752","https://openalex.org/W3125973821","https://openalex.org/W6629069720"],"related_works":["https://openalex.org/W7097441719","https://openalex.org/W2741404937","https://openalex.org/W7096427531","https://openalex.org/W4376855233","https://openalex.org/W224774902","https://openalex.org/W4211191715","https://openalex.org/W4413091244","https://openalex.org/W650572599","https://openalex.org/W1982809111","https://openalex.org/W1480034667"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":47},{"year":2025,"cited_by_count":40},{"year":2024,"cited_by_count":41},{"year":2023,"cited_by_count":39},{"year":2022,"cited_by_count":40},{"year":2021,"cited_by_count":43},{"year":2020,"cited_by_count":48},{"year":2019,"cited_by_count":33},{"year":2018,"cited_by_count":25},{"year":2017,"cited_by_count":24},{"year":2016,"cited_by_count":8},{"year":2015,"cited_by_count":1},{"year":2013,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}
