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Bank Characteristics, Bank Lending Channel, and Monetary Policy Transmission in Taiwan

Journal of Business Management & Economics

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Title Bank Characteristics, Bank Lending Channel, and Monetary Policy Transmission in Taiwan
 
Creator Lin, Jung Chu; Associate Professor, Department of Banking and Finance, Takming University of Science and Technology
No. 56, Sec. 1, Huanshan Rd., Neihu District, Taipei, Taiwan 11451, R.O.C
 
Description This study investigates the bank lending channel (BLC) as a mechanism for the monetary policy transmission in Taiwan where banks are an important source of funding. Using a panel of bank-level data over the 1993-2013 period, I examine particularly whether the influence of monetary policy impulses on bank lending differs with the three bank characteristics: bank size, capitalization, and liquidity. The empirical results demonstrate the existence of the BLC in Taiwan. They also evidence that all the three bank characteristics play an important role to capture the distributional effects of monetary policy stance, yet the capitalization seems to play the most significant role in distinguishing banks’ reactions to monetary policy changes. The results further indicate that larger and more capitalized, larger and more liquid, or less capitalized and less liquid banks are less responsive to monetary policy changes.JEL: E52, E58
 
Publisher Journal of Business Management & Economics
 
Contributor —
 
Date 2016-06-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://innovativejournal.in/jbme/index.php/jbme/article/view/198
10.15520/jbme.2016.vol4.iss6.198.pp01-13
 
Source Journal of Business Management & Economics; Vol 4, No 6 (2016); 01-13
2347-5471
10.15520/jbme.2016.vol4.iss6
 
Language eng
 
Relation http://innovativejournal.in/jbme/index.php/jbme/article/view/198/pdf_86
10.15520/jbme.2016.vol4.iss6.198.198