The effects of local banking market structure on the banking-lending channel of monetary policy

We study the relationship between banking competition and the transmission of monetary policy through the bank lending channel. Using business small loan origination data provided from the Community Reinvestment Act from 1996-2002 in our analysis, we are able to reaffirm the existence of the bank lending channel of monetary transmission. Moreover, we find that the impact of monetary policy on loan originations is weaker in more concentrated markets.

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Year of publication:	2005
Authors:	Adams, Robert M. ; Amel, Dean F.
Institutions:	Federal Reserve Board (Board of Governors of the Federal Reserve System)
Subject:	Bank loans \| Transmission mechanism (Monetary policy) \| Competition

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Extent:	text/html application/pdf
Series:	Finance and Economics Discussion Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2005-16
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005513105