Financial development and the bank lending channel in developing countries
| Autor: | Begoña Torre-Olmo, Carlos López-Gutiérrez, Sergio Sanfilippo-Azofra, María Cantero-Saiz |
|---|---|
| Přispěvatelé: | Universidad de Cantabria |
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Economics and Econometrics
050208 finance Financial development 05 social sciences Monetary policy Developing country Financial system Participation loan Loan Quantitative easing 0502 economics and business Financial crisis Financial analysis Economics 050207 economics Bank lending channel Monetary base Banks’ loan supply |
| Zdroj: | Journal of macroeconomics, Volume 55, March 2018, Pages 215-234 UCrea Repositorio Abierto de la Universidad de Cantabria Universidad de Cantabria (UC) |
| Popis: | This article analyses how financial development affects the bank lending channel in developing countries. Our analysis is carried out on a sample of 693 commercial banks from 31 developing countries between 2000 and 2012. We find that the loan supply of banks that operate in countries with less developed financial systems is not affected by monetary policy changes. In countries with more developed financial systems, the bank lending channel is effective, but only after the financial crisis. Moreover, in these countries, the negative effect of monetary policy contractions on bank lending is greater when financial development rises. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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