financial systems. The main interest is in examining whether the bank lending channel of monetary policy results in asymmetric … responses to the common monetary policy. In particular, a larger size and a lower degree of capitalisation of a banking sector … are found to strengthen the bank lending channel on the aggregate level. …

hypotheses- -the bank lending, collateral, and internal finance hypotheses. To discriminate between hypotheses, we extend …

liberalization in developed nations. The difficulties borne by the banking sectors spread out in some Asian and Latin American …, then we study some institutional and conceptual solutions. We try to identify the micro-economic banking dimension as a … driving force for the growth. The role of banking system is described in a development process usually facing the apology of …

liberalization in developed nations. The difficulties borne by the banking sectors spread out in some Asian and Latin American …, then we study some institutional and conceptual solutions. We try to identify the micro-economic banking dimension as a … driving force for the growth. The role of banking system is described in a development process usually facing the apology of …

(Forni-Reichlin (1998)). This technique allows to extract the common European monetary shock and to compute country … credit channel. …

As part of the monetary transmission studies of the Magyar Nemzeti Bank, this paper attempts to analyse the role of the … through three channels, namely, the nature of the interest burden of mortgage loans, asset (house) prices, and the credit …

stochastic process that depends on the endogenous trades. The treasury removes the banking technology from banks that are not … optimizing behavior by banks during the National Banking Era. …