This paper investigates the relevance of banking sector specific and macroeconomic determinants of profitability of 21 banking sectors in years 1995-2009. In the analysis we apply Arellano and Bond GMM estimator to aggregated data collected in harmonized way by OECD, to find out whether banking...

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...