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important policy implications as they provide evidence on a beneficial second-order effect of negative interest rates on bank …
Persistent link: https://www.econbiz.de/10013367106
. Existing differences in bank prices (EC report) are associated with small differences in. - Payment scale economies ; bank …
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This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation activities. We enrich our understanding on firms' performance by adopting the stochastic frontier approach (SFA), which allows us to estimate profit functions and to obtain...
Persistent link: https://www.econbiz.de/10012241105
Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the transmission of monetary policy impulses and their impact on...
Persistent link: https://www.econbiz.de/10009635882
In this paper we analyse the impact of monetary policy on total bank lending in the presence of a developed market for …, based on a panel of four biggest Central European countries (the Czech Republic, Hungary, Poland and Slovakia) confirm … currency lending but simultaneously accelerates foreign currency denominated loans. This makes the central bank's job harder …
Persistent link: https://www.econbiz.de/10003973003
, Hungary, Poland, Russia and Turkey from May 1998 to December 2007. To account for the importance of market expectations we use …
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