Merkl C, Stolz S (2009)
Publication Language: English
Publication Status: Published
Publication Type: Journal article
Publication year: 2009
Publisher: Taylor & Francis (Routledge)
Book Volume: 41
Pages Range: 2013-2024
Journal Issue: 16
DOI: 10.1080/00036840802360245
Based on a quarterly regulatory dataset for German banks from 1999 to 2004, this article analyses 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 favour 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.
APA:
Merkl, C., & Stolz, S. (2009). Banks' regulatory buffers, liquidity networks and monetary policy transmission. Applied economics, 41(16), 2013-2024. https://doi.org/10.1080/00036840802360245
MLA:
Merkl, Christian, and Stéphanie Stolz. "Banks' regulatory buffers, liquidity networks and monetary policy transmission." Applied economics 41.16 (2009): 2013-2024.
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