Evidence on the bank lending channel in Europe

被引：128

作者：

Altunbas, Y

Fazylov, O

Molyneux, P ^{[1
]}

机构：

[1] Univ Coll N Wales, Ctr Banking & Financial Studies, Sch Accounting Banking & Econ, SBARD, Bangor LL57 2DG, Gwynedd, Wales

[2] Cent Bank Uzbekistan, Andijan, Uzbekistan

来源：

JOURNAL OF BANKING & FINANCE | 2002年 / 26卷 / 11期

关键词：

European banks; EMU; monetary transmission; balance sheet data; bank lending channel;

D O I：

10.1016/S0378-4266(02)00201-7

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper examines evidence for a bank lending channel in Europe. Following the approach suggested by Kishan and Opiela (2000) we use bank balance sheet data to estimate the response of bank lending to changes in monetary policy stance between 1991 and 1999. In particular, we classify banks according to asset size and capital strength to see if these factors have a significant impact on the lending channel. Using a panel data approach we find that across the EMU systems, undercapitalised banks (of any size) tend to respond more to change in policy. (C) 2002 Elsevier Science B.V. All rights reserved.

引用

页码：2093 / 2110

页数：18

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JOURNAL OF MONEY CREDIT AND BANKING, 2000, 32 (01) :121-141

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