Monetary policy effects on bank loans in Germany: a panel-econometric analysis
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Frankfurt
Dt. Bundesbank
2001
|
| Schriftenreihe: | Discussion paper / Economic Research Centre of the Deutsche Bundesbank
2001,17 |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Zsfassung in dt. Sprache |
| Beschreibung: | 69 S. |
| ISBN: | 3933747937 |
Internformat
MARC
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| 245 | 1 | 0 | |a Monetary policy effects on bank loans in Germany |b a panel-econometric analysis |c Andreas Worms |
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Datensatz im Suchindex
| _version_ | 1804129023604817920 |
|---|---|
| adam_text | Table of contents
page:
I Introduction I
II The credit channel theory 2
III Descriptive Evidence 9
IV Estimation methodology 13
V Data 19
V. 1 The nature of balance sheet data 19
V.2 Bank mergers 20
V.3 Outliers 23
V.4 Bank specific seasonal patterns 23
VI Estimation results 24
VI.l Size, liquidity and capitalisation 24
VI.2 Short term interbank deposits 27
VI.3 Size effects when controlling for short term interbank deposits 29
VII Robustness checks 31
VII. 1 Changing the monetary policy indicator 31
VII.2 Changing the treatment of mergers 36
VII.3 Including time series variables 37
VII.4 Restricting the sample to large banks 39
VIII Summary and conclusions 42
Appendix 1: Definition of variables 45
Appendix 2: Tables 46
Bibliography 60
List of tables in the text
page:
Table 1: Empirical literature on the credit channel for Germany 4
Table 2: Empirical literature on the bank lending channel, based on
microdata from bank balance sheets 7
Table 3: Structure of the German banking system 11
Table 4: Take overs and liquidations of German banks within the sample
period 20
Table 5: Assumption structure for dealing with bank mergers 21
Table 6a: Long run coefficients from basic regression,
mp = three month interest rate 25
Table 6b: Long run coefficients from basic regression,
mp three month interest rate 28
Table 7: Long run coefficients from regressions with double interactions,
mp = three month interest rate 30
Table 8: Long run coefficients from regressions with double interactions,
various robustness checks 34
Table 9: Bank groups based on loan market share 39
Table 10: Long run coefficients from regressions with reduced sample,
mp = three month interest rate 40
Table 11: Long run coefficients from regressions with reduced sample,
double interactions, mp = three month interest rate 41
List of tables in the appendix
page:
Table Al: Estimation results, single interaction, mp three month interest rate 46
Table A2: Estimation results, double interaction, mp = three month interest rate 47
Table A3: Estimation results, double interaction, robustness checks 48
Table A4a: Estimation results, single interaction, mp VAR shock 50
Table A4b: Long run coefficients, single interaction, mp = VAR shock 51
Table A5a: Estimation results, single interaction, mp = three month interest rate,
alternative treatment of mergers: procedure (1) [mergers ignored] 52
Table A5b: Long run coefficients, single interaction, mp = three month interest rate,
alternative treatment of mergers: procedure (1) [mergers ignored] 53
Table A6a: Estimation results, single interaction, mp = three month interest rate,
alternative treatment of mergers: procedure (3) [new banks created] 54
Table A6b: Long run coefficients, single interaction, mp = three month interest rate,
alternative treatment of mergers: procedure (3) [new banks created] 55
Table A7a: Estimation results, single interaction, mp = three month interest rate
no time dummies, quarterly dummies and linear trend included 56
Table A7b: Long run coefficients, single interaction, mp = three month interest rate,
no time dummies, quarterly dummies and linear trend included 57
Table A8: Estimation results, reduced sample (75 % of loan market),
mp three month interest rate 58
Table A9: Estimation results from regressions with double interactions, reduced
sample (75 % of loan market), mp = three month interest rate 59
List of figures
page:
Figure 1: Stylised description of monetary transmission through bank loan
supply within the credit channel theory 3
Figure 2: Bank lending by size of enterprise as % of the balance sheet total 10
|
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| author | Worms, Andreas 1965- |
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| bvnumber | BV014149648 |
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| discipline | Wirtschaftswissenschaften |
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| geographic | Deutschland (DE-588)4011882-4 gnd |
| geographic_facet | Deutschland |
| id | DE-604.BV014149648 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-09T18:58:33Z |
| institution | BVB |
| isbn | 3933747937 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-009697363 |
| oclc_num | 50455191 |
| open_access_boolean | |
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| physical | 69 S. |
| publishDate | 2001 |
| publishDateSearch | 2001 |
| publishDateSort | 2001 |
| publisher | Dt. Bundesbank |
| record_format | marc |
| series2 | Discussion paper / Economic Research Centre of the Deutsche Bundesbank |
| spelling | Worms, Andreas 1965- Verfasser (DE-588)115817115 aut Monetary policy effects on bank loans in Germany a panel-econometric analysis Andreas Worms Frankfurt Dt. Bundesbank 2001 69 S. txt rdacontent n rdamedia nc rdacarrier Discussion paper / Economic Research Centre of the Deutsche Bundesbank 2001,17 Zsfassung in dt. Sprache Bank (DE-588)4004436-1 gnd rswk-swf Geldpolitik (DE-588)4019902-2 gnd rswk-swf Kreditgewährung (DE-588)4132159-5 gnd rswk-swf Deutschland (DE-588)4011882-4 gnd rswk-swf Deutschland (DE-588)4011882-4 g Bank (DE-588)4004436-1 s Kreditgewährung (DE-588)4132159-5 s Geldpolitik (DE-588)4019902-2 s DE-604 Economic Research Centre of the Deutsche Bundesbank Discussion paper 2001,17 (DE-604)BV013545109 2001,17 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009697363&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Worms, Andreas 1965- Monetary policy effects on bank loans in Germany a panel-econometric analysis Bank (DE-588)4004436-1 gnd Geldpolitik (DE-588)4019902-2 gnd Kreditgewährung (DE-588)4132159-5 gnd |
| subject_GND | (DE-588)4004436-1 (DE-588)4019902-2 (DE-588)4132159-5 (DE-588)4011882-4 |
| title | Monetary policy effects on bank loans in Germany a panel-econometric analysis |
| title_auth | Monetary policy effects on bank loans in Germany a panel-econometric analysis |
| title_exact_search | Monetary policy effects on bank loans in Germany a panel-econometric analysis |
| title_full | Monetary policy effects on bank loans in Germany a panel-econometric analysis Andreas Worms |
| title_fullStr | Monetary policy effects on bank loans in Germany a panel-econometric analysis Andreas Worms |
| title_full_unstemmed | Monetary policy effects on bank loans in Germany a panel-econometric analysis Andreas Worms |
| title_short | Monetary policy effects on bank loans in Germany |
| title_sort | monetary policy effects on bank loans in germany a panel econometric analysis |
| title_sub | a panel-econometric analysis |
| topic | Bank (DE-588)4004436-1 gnd Geldpolitik (DE-588)4019902-2 gnd Kreditgewährung (DE-588)4132159-5 gnd |
| topic_facet | Bank Geldpolitik Kreditgewährung Deutschland |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009697363&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV013545109 |
| work_keys_str_mv | AT wormsandreas monetarypolicyeffectsonbankloansingermanyapaneleconometricanalysis |