|
EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Kieler Arbeitspapiere, IfW >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/3916
|
| | |
| Title: | | Banks' regulatory buffers, liquidity networks and monetary policy transmission  |
| Authors: | | Merkl, Christian Stolz, Stéphanie |
| Issue Date: | | 2006 |
| Series/Report no.: | | Kieler Arbeitspapiere 1303 |
| Abstract: | | Based on a quarterly regulatory dataset for German banks from 1999 to 2004, this paper analyzes the effects of banks' regulatory capital on the transmission of monetary policy in a system of liquidity networks. The dynamic panel regression results provide evidence in favor of the bank capital channel theory. Banks holding less regulatory capital and less interbank liquidity react more restrictively to a monetary tightening than their peers. |
| Subjects: | | Monetary policy transmission Bank lending channel Bank capital channel Liquidity networks |
| JEL: | | E52 G21 G28 C23 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Economists Online Kieler Arbeitspapiere, IfW
|
| Files in This Item:
| |
| File |
Description |
Size | Format |
| kap1303.pdf | | 817.98 kB | Adobe PDF |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/3916
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|