Monetary Policy Effects on Bank Loans in Germany: A Panel-Econometric Analysis

Bank Capital and Monetary Policy ∗

This paper develops a quantitative, monetary model in which agency problems affect both the relationship between banks and firms as well as that linking banks to their depositors. As a result, bank capital and entrepreneurial net worth jointly determine aggregate investment, and help propagate over time shocks affecting the economy. We find that the effects of monetary policy shocks depend on t...

Bank competition and monetary policy

There is an apparent theoretical discrepancy between the effects of monetary policy shocks on economies with differently competitive banking sectors. We employ cross-country data to investigate this hypothesis with two different approaches. First, using aggregate data we analyze the correlation between two indices: (i) a cumulative impulse response function providing an index of the effect of m...

Central Bank Transparency and Monetary Policy Effectiveness

The paper concentrates on the conditions, contingencies and determinants of central bank transparency and communication. From the state of the economy and the quality of national institutions, to the structure of monetary policy committees, the personality of the governor and the nature of the monetary policy framework - with a particular focus on the case of inflation targeting, there i...

The Relationship between Monetary Policy, Inflationary Environment and Deposits in Banks of Iran (Panel VAR Analysis)

The relationship between monetary policy shocks and total deposits of banks is one of the main important issues in monetary economics and banking literature and has been considered empirically in recent years. Hence, the main aim of this paper is to evaluate the relationship between these variables by applying the PVAR approach for 23 private and governmental banks during 2008-2018. For achievi...

Bank Lending and Monetary Policy: A Comment