Denderski, Piotr; Paczos, Wojciech - 2017
We provide new evidence on the bank lending channel of monetary policy using bank-level data of 440 banks from eleven …'s monetary policy, ii) foreign-owned banks are less responsive to monetary policy of a host country than domestic-owned banks in … hypothesis. Foreign banks have a competitive advantage so that their loan portfolio adjusts less to changes in monetary policy …