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
- Language
-
Englisch
- Bibliographic citation
-
Series: ECB Working Paper ; No. 101
- Classification
-
Wirtschaft
Money Supply; Credit; Money Multipliers
Monetary Policy
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- Subject
-
credit channel
monetary policy
- Event
-
Geistige Schöpfung
- (who)
-
Loupias, Claire
Savignac, Frédérique
Sevestre, Patrick
- Event
-
Veröffentlichung
- (who)
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European Central Bank (ECB)
- (where)
-
Frankfurt a. M.
- (when)
-
2001
- Handle
- Last update
-
10.03.2025, 11:46 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
- Loupias, Claire
- Savignac, Frédérique
- Sevestre, Patrick
- European Central Bank (ECB)
Time of origin
- 2001
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