Have a personal or library account? Click to login
The Effect of Bank Heterogeneity on the Interest Rate Channel in Lebanon Cover

The Effect of Bank Heterogeneity on the Interest Rate Channel in Lebanon

Open Access
|Jan 2020

References

  1. 1. Altunbas, Y., Fazylow, O., and Molyneux, P., (2002). Evidence on the bank lending channel in Europe. Journal of Banking and Finance, Vol. 26 (11), pp. 2093-2110.10.1016/S0378-4266(02)00201-7
  2. 2. Altunbas, Y., Gambacorta, L., and Marques-Ibanez, D., (2009). Bank risk and monetary policy. Journal of Financial Stability, Vol. 6 (3), pp. 121-129.
  3. 3. Awdeh, A., (2018). Long-run and short-run monetary policy transmission channels in Lebanon. Review of Middle East Economics and Finance. Vol. 14 (1), pp. 1-26.10.1515/rmeef-2017-0023
  4. 4. Awdeh, A., (2016). The determinants of credit growth in Lebanon. International Business Research, Vol. 10 (2), pp. 9-19.10.5539/ibr.v10n2p9
  5. 5. Aydın, B., and Igan, D., (2012). Bank Lending in Turkey: Effects of Monetary and Fiscal Policies. Emerging Markets Finance and Trade, Vol. 48 (5), pp. 78-104.10.2753/REE1540-496X480505
  6. 6. Berg, A., Charry, L., Portillo, R., and Vlcek, J., (2013). The monetary transmission mechanism in the tropics: A narrative approach. IMF Working Paper WP/13/179, International Monetary Fund, Washington DC, USA.10.5089/9781484398135.001
  7. 7. BilanBanques, BankData, Lebanon. Several issues.
  8. 8. Berrospide, J.M., and Edge, R.M., (2010). The effects of bank capital on lending: What do we know, and what does it mean? Finance and Economics Discussion Series, Divisions of Research & Statistics and Monetary Affairs, the Federal Reserve Board, Washington D.C.
  9. 9. Brissimis, S.N., and Delis, M.D., (2010). Bank heterogeneity and monetary policy transmission. ECB Working Paper No. 1233, European Central Bank, Frankfurt.10.2139/ssrn.1656277
  10. 10. Brissimis, S.N., Kamberoglou, N.C., and Simigiannis, G.T., (2001). Is there a bank lending channel of monetary policy in Greece? Evidence from bank level data. ECB Working Paper No. 104, European Central Bank, Frankfurt.10.2139/ssrn.356643
  11. 11. Demirguc-Kunt, A., Laeven, L., and Levine, R., (2004). Regulations, market structure, institutions, and the cost of financial intermediation. Journal of Money, Credit and Banking, Vol. 36 (3), pp. 593-622.10.1353/mcb.2004.0045
  12. 12. Ehrmann, M., Gambacorta, L., Martinez-Pages, J., Sevestre, P. and Worms, A., (2001). Financial systems and the role of banks in monetary policy transmission in the Euro area. ECB Working Paper No. 105, European Central Bank, Frankfurt.
  13. 13. Fabris, N., (2018). Challenges for Modern Monetary Policy. Journal of Central Banking Theory and Practice, Vol. 7 (2), pp. 5-2410.2478/jcbtp-2018-0010
  14. 14. Gambacorta L., (2001). Bank-specific characteristics and monetary policy transmission: the case of Italy. ECB Working Paper No. 103, European Central Bank, Frankfurt.10.2139/ssrn.356642
  15. 15. Gambacorta, L., (2005). Inside the bank lending channel. European Economic Review, Vol. 49 (7), pp. 1737-1749.10.1016/j.euroecorev.2004.05.004
  16. 16. Haase, T.J., (2016). Financial Constraints and the Response of Business Investment to Monetary Policy Shocks. Journal of Central Banking Theory and Practice, Vol. 5 (3), pp. 31-46.10.1515/jcbtp-2016-0018
  17. 17. IMF (2017), “Lebanon, financial stability report”, IMF Country Report No. 17/21, International Monetary Fund, Washington, DC, January 2017.
  18. 18. Ireland, P., (2005). The monetary transmission mechanism”, Federal Reserve Bank of Boston Working Papers No. 06-1, November 2005. Boston.
  19. 19. Jayaratne, J., and Morgan, D.P., (2000). Capital market frictions and deposit constraints at banks. Journal of Money, Credit and Banking, Vol. 32 (1), pp. 74-92.10.2307/2601093
  20. 20. Joyce, M., Miles, D., Scott, A., and Vayanos, D., (2012). Quantitative easing and unconventional monetary policy – An introduction. Economic Journal, Vol. 122 (November), pp. F271-F288.10.1111/j.1468-0297.2012.02551.x
  21. 21. Juurikkala, T., Karas, A., and Solanko, L., (2011). The role of banks in monetary policy transmission: empirical evidence from Russia. Review of International Economics, Vol. 19 (1), pp. 109-121.10.1111/j.1467-9396.2010.00935.x
  22. 22. Kapoor, S., (2017). Do highly liquid banks insulate their lending behavior? Working Paper 2017/09/09, Geary Institute, University College Dublin, Ireland.
  23. 23. Kapuściński, M., Łyziak, T., Przystupa, J., Stanisławska, E., Sznajderska, A., and Wróbel, E., (2014). Monetary policy transmission mechanism in Poland: What do we know in 2013? Narodowy Bank Polski Working Paper No. 180, Warsaw, Poland.
  24. 24. Kashyap, A.K., and Stein, J.C., (1995). The impact of monetary policy on bank balance sheets, Carnegie Rochester Conference Series on Public Policy, Vol. 42, pp. 151-95.10.1016/0167-2231(95)00032-U
  25. 25. Kashyap, A.K, and Stein, J.C, (2000). What do one million observations on banks have to say about the transmission of monetary policy? American Economic Review, Vol. 80 (June), pp. 1183–200.
  26. 26. Kishan, R.P., and Opiela, T.P., (2000). Bank size, bank capital and the bank lending channel. Journal of Money, Credit, and Banking, Vol. 32 (1), pp. 121-141.10.2307/2601095
  27. 27. Krušković, B.D. (2017). Exchange Rate and Interest Rate in the Monetary Policy Reaction Function. Journal of Central Banking Theory and Practice, Vol. 6 (1), pp. 55-86.10.1515/jcbtp-2017-0004
  28. 28. Mishkin, F.S., (1996). The channels of monetary transmission: Lessons for monetary policy. NBER Working Papers 5464, National Bureau of Economic Research, Inc.10.3386/w5464
  29. 29. Roşoiu, A., and Roşoiu, I., (2013). Monetary policy transmission mechanism in emerging countries. Cross-Cultural Management Journal, Vol. XV, No. 1, pp. 37-49.
  30. 30. Tressel, T., and Zhang, Y.S., (2016). Effectiveness and channels of macroprudential instruments: Lessons from the Euro area”. IMF Working Paper No WP/16/4. International Monetary Fund, Washington D.C.10.5089/9781513547404.001
Language: English
Page range: 81 - 95
Submitted on: Oct 16, 2018
Accepted on: Oct 30, 2018
Published on: Jan 28, 2020
Published by: Central Bank of Montenegro
In partnership with: Paradigm Publishing Services
Publication frequency: 3 issues per year

© 2020 Ali Awdeh, Zouhour Jomaa, Mohamad Kassem, published by Central Bank of Montenegro
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.