The stickiness of bank lending rates with respect to money market rates is often regarded as an obstacle to the smooth …

, reduced role of securities markets, imperfect competition in the banking sector and the resulting high cost of bank lending to … private firms, the traditional channels (interest rate, bank lending, and asset price) are impaired in LICs. The exchange rate … channel is also undermined by central bank intervention in the foreign exchange market. These conclusions are supported by …

This paper presents theory and evidence on the dynamic relationship between aggregate bank lending and interest rate … consuming. It shows that the response of bank lending to changes in money market rates is likely to be asymmetric and depends … existing loans. Empirically, it provides evidence that bank lending in Mexico and the United States responds asymmetrically to …

This paper uses vector autoregressions to examine the monetary transmission mechanism in Japan. The empirical results … other sources for a shortfall in bank borrowing, and that business investment is especially sensitive to monetary shocks. We …

This paper studies the transmission of bank capital shocks to loan supply in Indonesia. A series of theoretically … aggregate lending. Likewise, the effects of bank recapitalization on loan growth depend on banks' starting capital positions and …

This paper analyzes interest rate pass-through in Ghana. Time series and bank-specific data are utilized to highlight … prime rate illustrate the challenges the Bank of Ghana faces when targeting a short-term money market interest rate …