Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/152535
Authors: 
Loupias, Claire
Savignac, Frédérique
Sevestre, Patrick
Year of Publication: 
2001
Series/Report no.: 
ECB Working Paper 101
Abstract: 
This paper aims at providing some empirical evidence about the impact of monetary policy on bank lending at the microeconomic level. We estimate a model close to that proposed by Kashyap and Stein (2000) using a panel data set comprising 312 banks observed quarterly over the period 1993-2000. We find that bank lending decreases after a monetary policy tightening. Moreover, as in several other Euro area economies, banks' liquidity appears to impact significantly on their lending behavior
Subjects: 
credit channel
monetary policy
JEL: 
E51
E52
G21
Document Type: 
Working Paper

Files in This Item:
File
Size
703.32 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.