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Banks' regulatory buffers, liquidity networks and monetary policy transmission

1st Person: Merkl, Christian
Additional Persons: Stolz, Stéphanie
Type of Publication: Paper
Language: English
Published: Kiel Institute for the World Economy (IfW) 2006
Series: Discussion Paper Series 2
Keywords: Transmissionsmechanismus
Bank
Eigenkapital
Bankenliquidität
Schätzung
Deutschland
Bank
Equity capital
Germany
Online: https://www.econstor.eu/bitstream/10419/3871/1/200606dkp_b.pdf
id
oai_econstor.eu_10419-3916
recordtype
econstor
institution
MPG
collection
ECONSTOR
title
Banks' regulatory buffers, liquidity networks and monetary policy transmission
spellingShingle
Banks' regulatory buffers, liquidity networks and monetary policy transmission
Transmissionsmechanismus
Bank
Eigenkapital
Bankenliquidität
Schätzung
Deutschland
Bank
Equity capital
Germany
Merkl, Christian
Discussion Paper Series 2
title_short
Banks' regulatory buffers, liquidity networks and monetary policy transmission
title_full
Banks' regulatory buffers, liquidity networks and monetary policy transmission
title_fullStr
Banks' regulatory buffers, liquidity networks and monetary policy transmission
title_full_unstemmed
Banks' regulatory buffers, liquidity networks and monetary policy transmission
title_sort
Banks' regulatory buffers, liquidity networks and monetary policy transmission
format
electronic Article
format_phy_str_mv
Paper
publisher
Kiel Institute for the World Economy (IfW)
publishDate
2006
language
English
topic
Transmissionsmechanismus
Bank
Eigenkapital
Bankenliquidität
Schätzung
Deutschland
Bank
Equity capital
Germany
topic_facet
Bank
Equity capital
Germany
author
Merkl, Christian
pnd_str_mv
Merkl, Christian|133059545
author2
Stolz, Stéphanie
author2Str
Stolz, Stéphanie
description
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 favor 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.
url
https://www.econstor.eu/bitstream/10419/3871/1/200606dkp_b.pdf
series
Discussion Paper Series 2
seriesStr
Discussion Paper Series 2
Discussion Paper Series 2
series2
Discussion Paper Series 2
series2_facet
Discussion Paper Series 2
up_date
2019-04-19T02:50:14.852Z
_version_
1631209099624448000

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