A crucial condition for the existence of a credit channel through bank loans is that monetary policy should be able to … change bank loan supply. This paper contributes to the discussion on this issue by presenting empirical evidence from dynamic … the average bank reduces its lending more sharply in reaction to a restrictive monetary policy measure, the lower its …

A crucial condition for the existence of a credit channel through bank loans is that monetary policy should be able to … change bank loan supply. This paper contributes to the discussion on this issue by presenting empirical evidence from dynamic … the average bank reduces its lending more sharply in reaction to a restrictive monetary policy measure, the lower its …

Credit risk associated with interbank lending may lead to domino effects, where the failure of one bank results in the … bilateral credit relationships for the German banking system and test whether the breakdown of a single bank can lead to … reduces - but does not eliminate - the danger of contagion. Even so, the failure of a single bank could lead to the breakdown …

Credit risk associated with interbank lending may lead to domino effects, where the failure of one bank results in the … bilateral credit relationships for the German banking system and test whether the breakdown of a single bank can lead to … reduces- but does not eliminate - the danger of contagion. Even so, the failure of a single bank could lead to the breakdown …

1998 can well be captured by a standard Taylor rule according to which the central bank responds to the output gap and to … considerably changes the results. Moreover, when adding the change in the output gap as well as deviations of money growth from …

The paper derives the monetary policy reaction function implied by money growth targeting. It consists of an interest … rate response to deviations of the inflation rate from target, to the change in the output gap, to money demand shocks and …

monetary policy does alter bank loan supply, with the effects most dependent on the liquidity of individual banks. Unlike in … the US, the size of a bank does generally not explain its lending reaction. We also show that the standard publicly … ergibt, dass die Geldpolitik das Bankkreditangebot beeinflußt, wobei die Stärke dieses Effekts über Banken in Abhängigkeit …