at Google ScholarTitle data
Grote, Matthias ; Hommel, Judith ; Köhler, Matthias:
The Role of Banks in the Transmission of Monetary Policy in the Baltics.
ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for
European Economic Research
Mannheim
:
Zentrum für Europäische Wirtschaftsforschung
,
2006
. - 40 S.
- (Discussion Paper / Zentrum für Europäische Wirtschaftsforschung
; 06-05
)
Abstract in another language
The paper empirically investigates the monetary transmission mechanism in the Baltic States. The analysis of the transmission channels through which monetary policy shocks are transmitted is particularly important for the European Central Bank that makes monetary policy in an enlarged European Monetary Union. The paper focuses on the bank lending channel of monetary transmission due to the importance of banks in the financial system of the Baltic countries. The existence of this transmission channel is tested by using a panel structural approach that distinguishes banks according to size, capitalization, liquidity and ownership structure. The results indicate that a bank lending channel is present in the Baltic States and mainly caused by differences in liquidity.
Further data
| Item Type: | Working paper, discussion paper |
|---|---|
| Institutions of the University: | Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics I - International Economics and Finance > Chair Economics I - International Economics and Finance - Univ.-Prof. Dr. Bernhard Herz Faculties Faculties > Faculty of Law, Business and Economics Faculties > Faculty of Law, Business and Economics > Department of Economics Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics I - International Economics and Finance |
| Result of work at the UBT: | Yes |
| DDC Subjects: | 300 Social sciences > 330 Economics |
| Date Deposited: | 18 May 2015 10:34 |
| Last Modified: | 04 Apr 2019 05:40 |
| URI: | https://eref.uni-bayreuth.de/id/eprint/13563 |