search query: @indexterm BANK LENDING / total: 300
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| Author: | Kakes, J. Sturm, J-E. |
| Title: | Monetary policy and bank lending: Evidence from German banking groups |
| Journal: | Journal of Banking and Finance
2002 : NOV, VOL. 26:11, p. 2077-2092 |
| Index terms: | Bank lending Monetary policy Germany Europe |
| Language: | eng |
| Abstract: | This paper analyzes the impact of monetary shock on bank lending in Germany. A cross-sectoral approach is followed by looking at six different banking groups. In general, smaller banks hold a larger buffer of liquid assets which they can use to offset monetary shocks. In addition, the response of bank lending after a monetary contraction is very different across banking sectors. Lending by the credit co-operatives, which are on average the smallest banks, declines most, whereas big banks are able to shield their loans portfolio against monetary shocks. Overall, results of this paper provide support for the existence of a bank lending channel. |
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