The effects of local banking market structure on the banking-lending channel of monetary policy

Robert M. Adams and Dean F. Amel
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Robert M. Adams: https://www.federalreserve.gov/econres/robert-m-adams.htm

No 2005-16, Finance and Economics Discussion Series from Board of Governors of the Federal Reserve System (U.S.)

Abstract: We study the relationship between banking competition and the transmission of monetary policy through the bank lending channel. Using business small loan origination data provided from the Community Reinvestment Act from 1996-2002 in our analysis, we are able to reaffirm the existence of the bank lending channel of monetary transmission. Moreover, we find that the impact of monetary policy on loan originations is weaker in more concentrated markets.

Keywords: Bank loans; Transmission mechanism (Monetary policy); Competition (search for similar items in EconPapers)
Date: 2005
New Economics Papers: this item is included in nep-cba, nep-mac and nep-ure
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Citations: View citations in EconPapers (13)

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