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Banks' regulatory buffers, liquidity networks and monetary policy transmission

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dc.creator Merkl, Christian
dc.creator Stolz, Stéphanie
dc.date 2006
dc.date.accessioned 2013-10-16T06:55:20Z
dc.date.available 2013-10-16T06:55:20Z
dc.date.issued 2013-10-16
dc.identifier Discussion paper / Series 2 Deutsche Bundesbank, Frankfurt, Main 2006,06
dc.identifier urn:isbn:3865582001
dc.identifier http://hdl.handle.net/10419/3871
dc.identifier ppn:517215381
dc.identifier RePEc:zbw:bubdp2:4771
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/3871
dc.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.
dc.language eng
dc.publisher Deutsche Bundesbank, Frankfurt, Main
dc.relation Discussion Paper, Series 2: Banking and Financial Supervision 2006,06
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject E52
dc.subject G21
dc.subject G28
dc.subject C23
dc.subject ddc:330
dc.subject Monetary policy transmission
dc.subject Bank lending channel
dc.subject Bank capital channel
dc.subject Liquidity networks
dc.subject Transmissionsmechanismus
dc.subject Bank
dc.subject Eigenkapital
dc.subject Bankenliquidität
dc.subject Schätzung
dc.subject Deutschland
dc.title Banks' regulatory buffers, liquidity networks and monetary policy transmission
dc.type doc-type:workingPaper


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