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Banks’ Regulatory Buffers, Liquidity Networks and Monetary Policy Transmission
[journal article]
Abstract Based on a quarterly regulatory dataset for German banks from 1999 to 2004, this paper analyzes the effects of banks’ regulatory capital on the transmission of monetary policy in a system of liquidity networks. The dynamic panel regression results provide evidence in favour of the bank capital chann... view more
Based on a quarterly regulatory dataset for German banks from 1999 to 2004, this paper analyzes the effects of banks’ regulatory capital on the transmission of monetary policy in a system of liquidity networks. The dynamic panel regression results provide evidence in favour of the bank capital channel theory. Banks holding less regulatory capital and less interbank liquidity react more restrictively to a monetary tightening than their peers.... view less
Classification
National Economy
Document language
English
Publication Year
2009
Page/Pages
p. 2013-2024
Journal
Applied Economics, 41 (2009) 16
DOI
https://doi.org/10.1080/00036840802360245
ISSN
1466-4283
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)