Showing 1 - 10 of 74
This paper reviews the literature on the finance-growth nexus within a neoclassical growth framework, placing an emphasis on the policy implications in the current European environment, that has placed financial reforms high on the policy Agenda. While more research is needed to establish...
Persistent link: https://www.econbiz.de/10005530674
This study examines the changing relationship between domestic long-term , domestic short-term and foreign long-term interest rates.
Persistent link: https://www.econbiz.de/10005641235
This paper provides empirical evidence on the use of monetary policy instruments and procedures (MPIP) in EU countries. In particular, it focuses on three important issues which arise in this context. Fist, we examine the structural position of the EU money markets. Second , evidence is...
Persistent link: https://www.econbiz.de/10005641237
Policy makers often decide to liberalize foreign bank entry but at the same time restrict the mode of entry. We study …
Persistent link: https://www.econbiz.de/10005222403
monetary policy does alter bank loan supply, with the effects most dependent on the liquidity of individual banks. Unlike in … the US, the size of a bank does generally not explain its lending reaction. We also show that the standard publicly …
Persistent link: https://www.econbiz.de/10004969169
This paper uses panel data on banks, for the period 1991-98, to test the existence of a bank-lending channel in the … analyse the differential responses, to monetary policy changes, of bank lending by banks with different size, liquidity and … results are mostly against the existence of a bank-lending channel in the period under analysis. This result appears to be …
Persistent link: https://www.econbiz.de/10004969175
This paper analyses empirically the role of bank lending in monetary policy transmission on the basis of Greek bank … variables to bank loans in the spirit of Kashyap and Stein's work. The other, which in general yields more satisfactory results … balance-sheet characteristics on banks' ability to supply loans and investigates directly the behaviour of bank loan supply. A …
Persistent link: https://www.econbiz.de/10005070387
? (3) if not, is the bank lending channel a likely candidate to complete the story? We find plausible euro-area wide … almost all. Where the IRC is not dominant, there is normally some direct evidence supporting the presence of a bank lending …
Persistent link: https://www.econbiz.de/10005070389
This paper investigates both cross-sectional asymmetry (related to bank-specific characteristics like size and … liquidity) and asymmetries over time (potentially related to the overall state of the economy) in Austrian bank lending reaction … rate changes over time on bank lending. During economic recovery, lagged interest rate changes have no significant effect …
Persistent link: https://www.econbiz.de/10005530769
This study contributes to the empirical evidence on the lending channel in the Netherlands using individual bank data … the lending channel theory. A contribution of this study is that it gives evidence that the monetary policy impact on bank … lending also depends on the market segment in which a bank is active. The evidence suggests that the lending channel is not …
Persistent link: https://www.econbiz.de/10005530961