The Impact of Monetary Policy on Bank Lending in Romania in the Context of Covid-19

Drăgoi Violeta Elena (), Preda Larisa Elena, Dincă Diaconu Lavinia Roxana and Dincu Ana-Mariana
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Drăgoi Violeta Elena: “Valahia” University of Târgoviște, Romania
Preda Larisa Elena: “Valahia” University of Târgoviște, Romania
Dincă Diaconu Lavinia Roxana: “Valahia” University of Târgoviște, Romania
Dincu Ana-Mariana: University of Life Sciences “King Mihai I” from Timisoara, Romania

Valahian Journal of Economic Studies, 2023, vol. 14, issue 1, 67-76

Abstract: This study explores the impact of the monetary policy of the National Bank of Romania, with its instruments and objectives during the Covid-19 pandemic, on the banks lending in Romania, considering the data provided by the NBR for the last 6 years. Overall, our findings confirm that the increasing bank lending channel for global monetary policy was active during the pandemic crisis.

Keywords: monetary policy; inflation; interest rate; minimum reserve requirements; money market operations; permanent facilities (search for similar items in EconPapers)
JEL-codes: G14 G18 G32 M12 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:vaecst:v:14:y:2023:i:1:p:67-76:n:6

DOI: 10.2478/vjes-2023-0008

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