Monetäre Transmission und Bankdarlehen in Deutschland In diesem Beitrag wird die Rolle von Bankdarlehen im monetären Transmissionsprozeß in Deutschland untersucht. Wir folgen einem sektoralen Ansatz, indem wir Kredite der Banken an Geschäfts- und Privatkunden unterscheiden. Wir haben...

This paper analyses the impact of monetary shocks on bank lending in Germany. We follow a cross-sectoral approach by looking at six different banking groups. In general, smaller bankshold a larger buffer of liquid assets which they can use to offset monetary shocks. In addition, the response of...

This paper applies the method as developed by Havrilesky to examine whether a central bank responds to political pressure to the Bundesbank, which is widely believed to be one of the most independent central banks in the world. We construct an index for political pressure by counting the number...

This paper applies the method as developed by Havrilesky to examine whether a central bank responds to political pressure to the Bundesbank, which is widely believed to be one of the most independent central banks in the world. We construct an index for political pressure by counting the number...