Dasar Kewangan dan Saluran Pinjaman Bank di Thailand: Suatu Kajian Data Panel

Zulkefly Abdul Karim (), Nur Hashimah Aziz and Fathin Faizah Said ()
Additional contact information
Zulkefly Abdul Karim: Pusat Pengajian Ekonomi Fakulti Ekonomi dan Pengurusan Universiti Kebangsaan Malaysia 43600 Bangi, Selangor Malaysia
Nur Hashimah Aziz: Pusat Pengajian Ekonomi Fakulti Ekonomi dan Pengurusan Universiti Kebangsaan Malaysia 43600 Bangi, Selangor Malaysia
Fathin Faizah Said: Pusat Pengajian Ekonomi Fakulti Ekonomi dan Pengurusan Universiti Kebangsaan Malaysia 43600 Bangi, Selangor Malaysia

Jurnal Ekonomi Malaysia, 2013, vol. 47, issue 2, 83-92

Abstract: This study aims to examine the relevance of the transmission mechanism of monetary policy through the bank lending channel in Thailand by using bank level data. The banks’ loan supply function is estimated using a static panel data framework (fixed effect and random effect model). In addition to monetary policy variables (the overnight interest rate), several bank specific variables (size, capital and liquidity), and macroeconomic variables (real output and price level) are also taken into account in estimating the banks’ loan supply function. The data set is spanning from 2000 to 2010, comprising of 25 commercial banks. Results showed that bank lending channel is operated in Thailand, in which a changes in monetary policy variables (interbank overnight rate) is statistically significance, and has a negative effect on banks’ loan supply. In addition, macroeconomic variables, namely GDP and bank specific variables such as bank liquidity and bank size are also statistically significance in influencing the supply of bank loans.

Keywords: bank lending channel; monetary policy; static panel data (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.ukm.my/jem/wp-content/uploads/2021/06/jeko_472-7.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ukm:jlekon:v:47:y:2013:i:2:p:83-92

Access Statistics for this article

More articles in Jurnal Ekonomi Malaysia from Faculty of Economics and Business, Universiti Kebangsaan Malaysia Contact information at EDIRC.
Bibliographic data for series maintained by Muhammad Asri Abd Ghani ().