Philipp Engler,Terhi Jokipii,Christian Merkl; … - Institute for International Integration Studies (IIIS), … - 2005
This paper investigates the existence of a bank lending and a bank capital channel in Austria by applying the dynamic Arellano-Bond GMM-estimator to a quarterly bank level dataset spanning from 1997 to 2003. While we do find evidence that the bank lending channel is in existence, with an...