Market structure, state ownership and monetary policy transmission through bank lending channel: Evidence from Vietnamese commercial banks

نویسندگان

چکیده

This paper examines the impact of market structure and state ownership on bank lending as a transmission channel for monetary policies. For controlling effects heterogeneities macroeconomic factors lending, dynamic models using two-step difference GMM with panel data collected from 25 Vietnamese commercial banks banking sector 1999 to 2017 are employed. Results indicate that higher level concentration in dampen expected impacts interbank interest rate loan growth banks, which decreases effectiveness policy via channel. These results robust regarding use alternative measures inclusion event time variables model. Based findings, could be implied significant moderating state-ownership well relationship between supply rate.

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ژورنال

عنوان ژورنال: Economics and Business Letters

سال: 2021

ISSN: ['2254-4380']

DOI: https://doi.org/10.17811/ebl.10.3.2021.164-177