credit transmission

German translation: geldpolitische Transmission

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:credit transmission
German translation:geldpolitische Transmission
Entered by: Kim Metzger

10:28 Sep 16, 2019
English to German translations [PRO]
Bus/Financial - Investment / Securities / Künftige Geldpolitik in China
English term or phrase: credit transmission
Es geht um die Frage, ob die chinesische Notenbank noch in der Lage ist, weitere Liquiditätsspritzen zu verabreichen, um die Kreditvergabe weiter anzukurbeln. Dagegen spricht:

As the cycle has aged, each new unit of credit has produced a little less GDP as the efficiency of credit transmission has declined

Vorläufig so übersetzt:
Aufgrund des fortgeschrittenen Konjunkturzyklus führt jede weitere Kreditvergabe zu einem etwas weniger hohen BIP-Beitrag, da die Kredite weniger effizient auf die Wirtschaft durchschlagen.

Was meint ihr dazu?
Andrea Hauer
Germany
Local time: 18:11
geldpolitische Transmission
Explanation:
In diesem Zusammenhang wurden Fortschritte bei der Wiederherstellung des Finanzsektors als entscheidend angesehen, insbesondere angesichts der gestörten geldpolitischen Transmission (credit transmission) im Euroraum. https://www.imf.org/external/german/pubs/ft/ar/2013/pdf/ar13...

geldpolitische Transmission
Auch: Transmission monetärer Impulse. Übertragung (Transmission) der von der Geldpolitik der Zentralbank ausgehenden bzw. beabsichtigten Wirkungen über die Banken zu den eigentlich zu adressierenden (Nichtbank-) Wirtschaftseinheiten -Unternehmen, Private, Staat - und deren ökonomische Tätigkeit. http://www.wirtschaftslexikon.co/d/geldpolitische-transmissi...



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Note added at 2 hrs (2019-09-16 13:25:50 GMT)
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This chapter, based on the theory model derived from bank credit transmission channel and the balanced panel data of 18 Chinese commercial banks from 2008 to 2012, conducts empirical test and carries out classified study of China’s bank credit transmission channel and the effect of capital adequacy ratio on credit channel. Results show that the bank characteristics have, on a micro level, heterogeneity effects on credit transmission channel of monetary policy. https://www.intechopen.com/books/proceedings-of-the-2nd-czec...
Selected response from:

Kim Metzger
Mexico
Local time: 10:11
Grading comment
Danke euch!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1geldpolitische Transmission
Kim Metzger
3Kreditvergabe
Johannes Gleim


Discussion entries: 3





  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
Kreditvergabe


Explanation:
As the cycle has aged, each new unit of credit has produced a little less GDP as the efficiency of credit transmission has declined
=>
Nach Ablauf des Zyklus führte jede neue Kredittranche zu immer geringerem BIP-Wachstum, weil die Effizienz der Kreditvergabe abgenommen hat
(Anm.: kann sich sowohl darauf beziehen, dass die lockere Zinspolitik immer weniger bewirkt, als auch die Verkomplizierungen im Überweisungsverkehr durch immer höhere Sicherheitsmaßnahmen)

But the more interesting thing to note is the broken credit transmission mechanism. If you look at the 30 year mortgage rate closely you’ll notice a relatively steady inverse correlation between rates and new home sales. That is, all the way up until about 2007. Then, rates remain low and new home sales stay depressed. The low rate transmission mechanism breaks.
https://www.pragcap.com/when-the-credit-transmission-mechani...

Abstract
Research subject of this paper is the credit transmission mechanism in the Republic of Macedonia or in other words this paper investigates the effects of the monetary signals by the National Bank of the Republic of Macedonia on banks' lending. The credit transmission is analyzed through its narrow nature or so called bank lending channel.
https://ideas.repec.org/p/mae/wpaper/2018-02.html

That is why imposing negative rates is crazy. By weakening the banks and manipulating the cost of money, the credit transmission mechanism inexorably gears toward low-productivity, subsidized or zombified refinanced debt sectors.
https://mises.org/wire/why-next-ecb-stimulus-plan-will-also-...

Moreover, the credit transmission channel was impaired. In countries where the banking sector has experienced large balance sheet shocks related to deteriorating sovereign credit, access to bank credit has tightened substantially.
https://www.ecb.europa.eu/press/key/date/2014/html/sp140131....

Außerdem stieg die Jahreswachstumsrate der Kreditvergabe von Banken an nichtfinanzielle Unternehmen im Berichtsjahr weiter an. Unterstützt wurde die Erholung des Kreditwachstums durch die seit Mitte 2014 im gesamten Euroraum stark sinkenden Bankkreditzinsen (siehe Kapitel 2 Abschnitt 1); auch 2018 gingen die Kreditzinsen weiter zurück. Diese Entwicklung war nicht zuletzt den geldpolitischen Sondermaßnahmen der EZB zuzuschreiben, die insgesamt für eine bessere Angebots- und Nachfragesituation bei Bankkrediten sorgten.
https://www.ecb.europa.eu/pub/annual/html/ar2018~d08cb4c623....

Es gibt auch noch eine andere Interpretation im Sinne von 'credit transfer':

Fast Credit Transmission: Send of transfers to the Factor
Acquisition of credit transfer and the monitoring of the activity of the transferor.
https://www.sefin.it/en/fast-credit-transmission-send-of-tra...

Therefore, the Model Law extends the concept of credit transfers to the whole chain of single transfer orders which are necessary for the performance of the international credit transfer and, consequently for the actual payment. …
The Model Law covers electronic means of credit transmission and is applicable to both paper based and electronical.
https://books.google.de/books?id=VCwv1mO9E1cC&pg=PA126&lpg=P...

A letter of credit is considered officially advised as requested by the issuing bank when the requested bank sends its officially signed letter accompanied by the original operative letter of credit to the beneficiary. In recent years, the practice in the US, to avoid unnecessary expense and also error is to attached the transmitted SWIFT letter of credit transmission it has received to a covering letter stating that the copy is to be considered the operative instrument.
https://www.tradefinanceglobal.com/posts/letters-of-credit-t...

credit transfer (Fin, GB) Überweisungsverkehr m (ie, now changed to ‘Bank Giro’)
credit transfer (Fin, GB) Banküberweisung m (ie, may be manual, automated, National Giro)
letter of credit L/C, L.C. (com) Kreditbrief m, Akkreditiv n
(Schäfer, Wirtschaftswörterbuch)



Johannes Gleim
Local time: 18:11
Native speaker of: German
PRO pts in category: 51
Login to enter a peer comment (or grade)

2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
geldpolitische Transmission


Explanation:
In diesem Zusammenhang wurden Fortschritte bei der Wiederherstellung des Finanzsektors als entscheidend angesehen, insbesondere angesichts der gestörten geldpolitischen Transmission (credit transmission) im Euroraum. https://www.imf.org/external/german/pubs/ft/ar/2013/pdf/ar13...

geldpolitische Transmission
Auch: Transmission monetärer Impulse. Übertragung (Transmission) der von der Geldpolitik der Zentralbank ausgehenden bzw. beabsichtigten Wirkungen über die Banken zu den eigentlich zu adressierenden (Nichtbank-) Wirtschaftseinheiten -Unternehmen, Private, Staat - und deren ökonomische Tätigkeit. http://www.wirtschaftslexikon.co/d/geldpolitische-transmissi...



--------------------------------------------------
Note added at 2 hrs (2019-09-16 13:25:50 GMT)
--------------------------------------------------

This chapter, based on the theory model derived from bank credit transmission channel and the balanced panel data of 18 Chinese commercial banks from 2008 to 2012, conducts empirical test and carries out classified study of China’s bank credit transmission channel and the effect of capital adequacy ratio on credit channel. Results show that the bank characteristics have, on a micro level, heterogeneity effects on credit transmission channel of monetary policy. https://www.intechopen.com/books/proceedings-of-the-2nd-czec...

Kim Metzger
Mexico
Local time: 10:11
Native speaker of: Native in EnglishEnglish
PRO pts in category: 29
Grading comment
Danke euch!

Peer comments on this answer (and responses from the answerer)
agree  Michael Confais (X)
20 hrs
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