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Monetary Transmission Mechanism in Central & Eastern Europe: Gliding on a Wind of Change

Coricelli, Fabrizio; Égert, Balázs; MacDonald, Ronald - 2006

This paper surveys recent advances in empirical studies of the monetary transmission mechanism (MTM), with special attention to Central and Eastern Europe. In particular, while laying out the functioning of the separate channels in the MTM, it explores possible interrelations between different...

Persistent link: https://www.econbiz.de/10009476887

Impact of bank competition on the interest rate pass-through in the euro area

Leuvensteijn, Michiel van; Kok Sørensen, Christoffer; … - 2008

Incluye bibliografía ; This paper analyses the impact of loan market competition on the interest rates applied by euro area banks to loans and deposits during the 1994-2004 period, using a novel measure of competition called the Boone indicator. We find evidence that stronger competition...

Persistent link: https://www.econbiz.de/10012530221

Some evidence on financial factors in the determination of aggregate business investment

Ashworth, P; Davis, EP - 2001

Standard theories of investment behaviour have concentrated on the neoclassical andTobin?s Q approaches, with most … approaches, are relevant determinants of business fixed investment above those variablesnormally included in traditional … macroeconomic investment functions. The results indicate a widerincidence of these financial effects on investment than the existing …

Persistent link: https://www.econbiz.de/10009481452

The impact of firms' financial position on fixed investment and employment : an analysis for Spain

Herranz González, Fátima; Martínez Carrascal, Carmen - 2017

investigates the impact that firms’ financial health has on their investment and employment decisions. The results indicate that … flow, indebtedness and the debt burden appear to be relevant for explaining investment and employment dynamics. Likewise … companies in a less sound financial situation, and suggest that the role of financial factors in explaining investment and …

Persistent link: https://www.econbiz.de/10012530553

14.661 Labor Economics I, Fall 2006

Pischke, Jorn-Steffen; Angrist, Joshua - 2006

Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply, labor demand, and human capital. Topics discussed also include wage and employment determination, turnover, search, immigration, unemployment, equalizing differences, and...

Persistent link: https://www.econbiz.de/10009432547

Credit supply : identifying balance-sheet channels with loan applications and granted loans

Jiménez Zambrano, Gabriel; Ongena, Steven; Peydró, … - 2010

To identify credit availability we analyze the extensive and intensive margins of lending with loan applications and all loans granted in Spain. We find that during the period analyzed both worse economic and tighter monetary conditions reduce loan granting, especially to firms or from banks...

Persistent link: https://www.econbiz.de/10012530305

Dampening the financial accelerator? Direct lenders and monetary policy

Banerjee, Ryan; Serena Garralda, José Mª

Los prestamistas directos, entidades financieras de crédito no bancarias que operan con un reducido apalancamiento, se han convertido de modo gradual en importantes actores en los mercados de préstamos corporativos. En este trabajo investigamos el papel que han desempeñado en la transmisión...

Persistent link: https://www.econbiz.de/10012801488

Bank lending and monetary policy transmission in Germany

Hülsewig, Oliver - 2003

This study investigates the credit channel in the transmission of monetary policy in Germany by means of a structural analysis of aggregate bank loan data. We base our analysis on a stylized model of the banking firm, which specifies the loan supply decisions of banks in the light of...

Persistent link: https://www.econbiz.de/10009433724

The role of bank loans and deposits in the monetary transmission mechanism in Malaysia

Kassim, Salina; Majid, M. Shabri A. - 2009

This study attempts to determine the importance of the banking sector in the monetary transmission process in a developing economy. The study analyzes the Malaysian data focusing on three sample periods: the entire sample period (1989:01-2006:12); the pre-crisis period (1989:01-1996:12); and the...

Persistent link: https://www.econbiz.de/10009441819

Three essays on bank balance sheets and disruptions in the supply of intermediated credit

Kandrac, John Paul - 2011

xi, 101 p. : col. ill.

Persistent link: https://www.econbiz.de/10009447401

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