Arbeitspapier
Banks' regulatory buffers, liquidity networks and monetary policy transmission
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 1303
- Klassifikation
-
Wirtschaft
Monetary Policy
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Financial Institutions and Services: Government Policy and Regulation
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
- Thema
-
Bank lending channel
Bank capital channel
Liquidity networks
Monetary policy transmission
Transmissionsmechanismus
Bank
Eigenkapital
Bankenliquidität
Schätzung
Deutschland
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Merkl, Christian
Stolz, Stéphanie
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Merkl, Christian
- Stolz, Stéphanie
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2006
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