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Does Monetary Policy Affect Bank Lending? Evidence for Bolivia

Óscar Alberto Díaz-Quevedo () and C. Tatiana Rocabado-Palomeque ()
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Óscar Alberto Díaz-Quevedo: Banco Central de Bolivia
C. Tatiana Rocabado-Palomeque: Banco Central de Bolivia

Authors registered in the RePEc Author Service: Oscar Alberto Díaz Quevedo ()

Chapter 2 in Monetary Policy and Financial Stability in Latin America and the Caribbean, 2018, pp 9-40 from Centro de Estudios Monetarios Latinoamericanos, CEMLA

Abstract: This paper explores the existence of a bank lending channel for Bolivia. The estimates used panel data through GMM and fixed effects model. The results show that changes in monetary policy have direct effects on the banks’ loans supply, because increases in the securities’ supply lead to reductions in loan growth. Moreover, interactions size and capital of entities with variable monetary policy would reflect the existence of different bank’s reactions

Keywords: monetary policy; lending channel; GMM. (search for similar items in EconPapers)
JEL-codes: E5 G21 (search for similar items in EconPapers)
Date: 2018
ISBN: 978-607-7734-89-5 (printed)
Note: Joint Research Program XIX Meeting of the Central Bank Researchers Network
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