Arbeitspapier
The Effect of Capital Requirement Regulation on the Transmission of Monetary Policy: Evidence from Austria
This paper analyzes the role of bank capitalization on the transmission of monetary policy, using a quarterly dataset for Austrian banks spanning from 1997 to 2003. A substantial understanding of the transmission mechanism in different countries of the euro zone is not only of academic interest, but also an important prerequisite for central bankers to effectively accomplish their monetary policy goals. While we do find evidence in favor of the bank lending channel, with an important role active for capitalization, we are unable to confirm whether the bank capital channel is in force in Austria. Our results indicate some counter-cyclicality in lending activity, a finding that is in line with the existing Austrian literature.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 99
- Classification
-
Wirtschaft
- Subject
-
Transmission of monetary policy
Bank capital regulation
Austria
- Event
-
Geistige Schöpfung
- (who)
-
Engler, Philipp
Jokipii, Terhi
Kaltwasser, Pablo Rovira
Merkl, Christian
de Souza, Lúcio Vinhas
- Event
-
Veröffentlichung
- (who)
-
Oesterreichische Nationalbank (OeNB)
- (where)
-
Vienna
- (when)
-
2005
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Engler, Philipp
- Jokipii, Terhi
- Kaltwasser, Pablo Rovira
- Merkl, Christian
- de Souza, Lúcio Vinhas
- Oesterreichische Nationalbank (OeNB)
Time of origin
- 2005
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