Liu, Luke (2011): Monetary policy, bank size and bank lending: Evidence from Australia.
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The transmission of monetary policy may hold the key to explaining the effects of policy on the economy. The objective of the study is to assess the importance of the bank lending channel in the transmission of monetary policy in Australia. In this paper, we found that the effectiveness of monetary policy varies with the size of the bank as well as the type of the loan. For different asset size and different kinds of loans, the effect of monetary policy is different. Thus, policy has distributional effects on bank loans that depend on asset size and industry in the economy.
|Item Type:||MPRA Paper|
|Original Title:||Monetary policy, bank size and bank lending: Evidence from Australia|
|English Title:||Monetary policy, bank size and bank lending: Evidence from Australia|
|Keywords:||Monetary policy; Bank lending; Bank size|
|Subjects:||C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C23 - Panel Data Models ; Spatio-temporal Models
E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy
C - Mathematical and Quantitative Methods > C0 - General > C01 - Econometrics
|Depositing User:||Luke Liu|
|Date Deposited:||26. Nov 2011 09:43|
|Last Modified:||23. Apr 2015 21:04|
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