کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5087512 1375435 2010 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Bank profitability and the bank lending channel: Evidence from China
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Bank profitability and the bank lending channel: Evidence from China
چکیده انگلیسی
This paper uses bank-level data to investigate whether the impact of monetary policy on bank lending depends on the characteristics of Chinese banks during the period 1985-2007. We find that the impact of monetary policy on lending is weaker for larger banks and banks with lower levels of liquidity, and that banks' responses to monetary policy do not necessarily vary according to their capital. Further, to identify the bank lending channel more clearly, we test whether the impact of monetary policy varies according to profitability. The results show that profitable banks tend to be less sensitive to monetary policy, because when tight monetary policy leads to a fall in deposits, less profitable banks face a higher cost of capital.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Asian Economics - Volume 21, Issue 2, April 2010, Pages 129-141
نویسندگان
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