Hernando, Ignacio; Martinéz Pagés, Jorge - 2001
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 …