کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5089796 | 1375606 | 2011 | 12 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Competition in banking and the lending channel: Evidence from bank-level data in Asia and Latin America
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
This paper examines how banking competition affects the transmission of monetary policy through the bank lending channel. We apply a two-step estimation procedure using bank-level panel data for commercial banks in 10 Asian and 10 Latin American countries during the period from 1996 to 2006. In the first step we measure the degree of banking competition by applying the methodology proposed by Panzar and Rosse (1987). In the second step we estimate a loan growth equation where the explanatory variables include the Panzar-Rosse measure of banking competition. The estimation results provide consistent evidence that increased competition in the banking sector weakens the transmission of monetary policy through the bank lending channel. This is especially true for banks in Latin American countries and banks of small size, low liquidity, and low capitalization. We also discuss the policy implications of the main findings of this paper.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Banking & Finance - Volume 35, Issue 3, March 2011, Pages 560-571
Journal: Journal of Banking & Finance - Volume 35, Issue 3, March 2011, Pages 560-571
نویسندگان
MarÃa PÃa Olivero, Yuan Li, Bang Nam Jeon,