Zaheer, Sajjad; Ongena, Steven; Wijnbergen, Sweder J.G. van - In: International Journal of Central Banking 9 (2013) 4, pp. 175-224
We investigate the differences in banks’ responses to monetary policy shocks across bank size, liquidity, and type—i.e., conventional versus Islamic—in Pakistan between 2002:Q2 and 2010:Q1. We find that following a monetary contraction, small banks with liquid balance sheets cut their...