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This paper applied the panel VAR approach and the Impulse Response Functions to investigate the differences in the monetary transmission processes of Islamic and conventional banks using disaggregated bank-level data for Saudi Arabia over the period 2008Q1-2020Q4. Our findings show that: i)...
Persistent link: https://www.econbiz.de/10013400126
As the euro area has a predominantly bank-based financial system, changes in the composition and strength of banks’ balance sheets can have very sizeable implications for the transmission of monetary policy. This paper provides an overview of developments in banks’ balance sheets,...
Persistent link: https://www.econbiz.de/10012009071
find that: bond finance dampens the overall response of firm credit to monetary policy shocks in economies with a high …
Persistent link: https://www.econbiz.de/10012212853
In March 2015, the Eurosystem launched its QE-programme. The asset purchases induced a rapid and strong increase in excess reserves, implying a structural liquidity surplus in the euro area banking sector. Against this background, the first part of this paper analyses the Eurosystem's liquidity...
Persistent link: https://www.econbiz.de/10012099037
The article supplements the research on the effectiveness of monetary policy transmission - especially through the bank lending channel. The current study focuses on assessing the transmission of monetary impulses through commercial and cooperative banks as well as through individual loan...
Persistent link: https://www.econbiz.de/10014515074
ways. First, I apply a micro-founded strategy for disentangling demand from supply shifts in credit. Using this … period. The sensitivity of credit supply to monetary shocks is not related to the bank characteristics generally used in the …
Persistent link: https://www.econbiz.de/10013023320
bank lending associated with changes in monetary policy and industryspecific bank credit demand. To this end, we estimate … that industry-specific bank lending growth predominantly responds to changes in industry-specific bank credit demand rather … lending. Because industries are a prominent source of variation in the bank lending effects of bank credit demand and monetary …
Persistent link: https://www.econbiz.de/10012991157
A crucial condition for the existence of a credit channel through bank loans is thatEine wesentliche Bedingung für die …
Persistent link: https://www.econbiz.de/10012991293
A crucial condition for the existence of a credit channel through bank loans is that monetary policy should be able to … of a credit channel …
Persistent link: https://www.econbiz.de/10013320623
A crucial condition for the existence of a credit channel through bank loans is that monetary policy should be able to … small banks are excluded. Overall, the evidence is compatible with the existence of a credit channel, although it is …
Persistent link: https://www.econbiz.de/10014119487