This paper presents empirical evidence on the behaviour of interbank lending in Germany after a monetary policy impulse … loan portfolio relatively unaffected. This may explain why the evidence for a bank lending channel in Germany seems to be …Dieses Papier präsentiert empirische Evidenz zum Verhalten der Interbankkredite in Deutschland nach einem …

This paper presents empirical evidence on the behaviour of interbank lending in Germany after a monetary policy impulse … loan portfolio relatively unaffected. This may explain why the evidence for a bank lending channel in Germany seems to be …

, while large banks cut back on lending. Given its ability to mitigate credit crunches, Germany’s regional banking system is …