Fungácová, Zuzana; Solanko, Laura; Weill, Laurent - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2013
policy actions depending on the degree of bank competition. We find that the effect of monetary policy on bank lending is … dependent on bank competition: the transmission of monetary policy through the bank lending channel is less pronounced for banks … monetary policy effectiveness. Therefore, wide variations in the level of bank market power may lead to asymmetric effects of a …