Perera, Anil; Ralston, Deborah; Wickramanayake, J. - In: Journal of International Financial Markets, … 29 (2014) C, pp. 195-216
Based on a panel data set for 114 South Asian commercial banks, we find that off-balance sheet banking reduces the effectiveness of the bank lending channel of monetary transmission. That is, banks with high exposure to off-balance sheet activities are able to insulate their loan supply against...