A Panel Data Test of the Bank Lending Channel in Sweden

In this paper, we test the bank lending channel of monetary policy transmission in Sweden. Using a panel of bank balance sheet data covering the period 1998:M1 to 2003:M6, we test for bank loan supply shifts by segregating banks by asset size, liquidity and capitalization. The main result is that small, illiquid and undercapitalized banks are significantly affected by monetary policy, which supports the hypothesis of the bank lending channel

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Year of publication:	2003
Authors:	Westerlund, Joakim
Publisher:	Lund : Lund University, School of Economics and Management, Department of Economics
Subject:	Monetary Transmission \| Bank Lending Channel

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Series:	Working Paper ; 2003:16
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	373448686 [GVK] hdl:10419/259874 [Handle] RePEc:hhs:lunewp:2003_016 [RePEc]
Classification:	C33 - Models with Panel Data ; E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; F42 - International Policy Coordination and Transmission ; G21 - Banks; Other Depository Institutions; Mortgages
Source:	EconStor

Persistent link: https://www.econbiz.de/10013208445