Arbeitspapier
Monetary policy and bank lending in France: are there asymmetries?
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
- Sprache
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Englisch
- Erschienen in
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Series: ECB Working Paper ; No. 101
- Klassifikation
-
Wirtschaft
Money Supply; Credit; Money Multipliers
Monetary Policy
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- Thema
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credit channel
monetary policy
- Ereignis
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Geistige Schöpfung
- (wer)
-
Loupias, Claire
Savignac, Frédérique
Sevestre, Patrick
- Ereignis
-
Veröffentlichung
- (wer)
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European Central Bank (ECB)
- (wo)
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Frankfurt a. M.
- (wann)
-
2001
- Handle
- Letzte Aktualisierung
-
01.05.2033, 02:28 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Loupias, Claire
- Savignac, Frédérique
- Sevestre, Patrick
- European Central Bank (ECB)
Entstanden
- 2001