Showing 1 - 10 of 6,516
This study examines the transmission of monetary policy in the eurozone from 2005 to 2021. The novelty of this research … monetary policy within the Eurozone. Specifically, dimension 2, which represents the yield curve structure and the ECB … in the transmission of monetary policy within the credit channel. …
Persistent link: https://www.econbiz.de/10014518532
find a 1:1 pass-through only in the case of non-earmarked credit for corporations and no evidence of transmission for … households and earmarked credit. Owing to lower pass-through and credit/GDP, the effect of monetary policy through the credit …
Persistent link: https://www.econbiz.de/10015376448
provides natural instrumental variables and a proxy for credit demand. Unlike previous papers, this paper studies the effects …
Persistent link: https://www.econbiz.de/10012887834
A decrease in interest rate in traditional view of monetary policy transmission is linked to a lower cost of borrowing which eventually results into a greater spending in investment and a bigger GDP. However, a decrease in interest rate is also linked to a decrease in interest income which, in...
Persistent link: https://www.econbiz.de/10012589330
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...
Persistent link: https://www.econbiz.de/10014515074
This paper applied the panel VAR approach and the Impulse Response Functions to investigate the differences in the monetary transmission processes of Islamic and conventional banks using disaggregated bank-level data for Saudi Arabia over the period 2008Q1-2020Q4. Our findings show that: i)...
Persistent link: https://www.econbiz.de/10013400126
While there is a large body of research on the bank lending channel of monetary policy transmission and the distributional dependence of this transmission on bank characteristics, the asymmetric effect of bank capital on monetary policy-bank loan supply nexus has been ignored. To fill this void,...
Persistent link: https://www.econbiz.de/10013461875
The study empirically examines the impact of bank diversification on monetary policy transmission through the bank lending channel. Based on monetary and bank-level data from 2008 to 2018 in Vietnam, a diverse environment of monetary policy tools, results show that bank diversification...
Persistent link: https://www.econbiz.de/10013183758
microeconomic perspective. This suggests that the Bank of Russia, in relying on this channel for this type of credit, might have to … identify a set of Russian households' characteristics that are key drivers of households' requests for credit. Demographics is …
Persistent link: https://www.econbiz.de/10015396375
This paper empirically investigates how the level of peer-to-peer (P2P) lending affects monetary policy transmission in the People's Republic of China (PRC). Using statedependent local projection methods, we find that the macroeconomic effects of unanticipated changes in monetary policy are...
Persistent link: https://www.econbiz.de/10015133084