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dc.contributor.authorApergis, Nicholas
dc.contributor.authorMiller, Stephen
dc.contributor.authorAlevizopoulou, Effrosyni
dc.identifier.citationApergis, N., Miller, S.M. and Alevizopoulou, E., (2015). 'The bank lending channel and monetary policy rules for Eurozone banks: further extensions'. The BE Journal of Macroeconomics, 15(1), pp.93-112. DOI: 10.1515/bejm-2014-0044en_US
dc.description.abstractThe monetary authorities affect macroeconomic activity through various channels of influence. This paper examines the bank lending channel, which considers how central bank actions affect the loan supply through its main indicator of policy, the real short-term interest rate. This paper employs the endogenously determined target interest rate, emanating from the European Central Bank’s monetary policy rule, to examine the operation of the bank lending channel. Furthermore, it examines whether different bank-specific characteristics affect how Eurozone banks react to monetary shocks. That is, do sounder banks react more to the monetary policy rule than less-sound banks? The paper finds evidence of an active and statistically and economically significant bank lending channel for the Eurozone between 2000 and 2009.en_US
dc.publisherDe Gruyteren_US
dc.subjectBank lending channelen_US
dc.subjectMonetary policy rulesen_US
dc.subjectGMM methodologyen_US
dc.subjectEurozone banksen_US
dc.titleThe bank lending channel and monetary policy rules for Eurozone banks: further extensionsen_US
dc.contributor.departmentCurtin Universityen_US
dc.contributor.departmentUniversity of Nevada Las Vegasen_US
dc.contributor.departmentUniversity of Piraeusen_US
dc.identifier.journalThe B.E. Journal of Macroeconomicsen_US

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