EconPapers    
Economics at your fingertips  
 

The role of banks in the transmission of monetary policy

Joe Peek () and Eric Rosengren ()

No 13-5, Public Policy Discussion Paper from Federal Reserve Bank of Boston

Abstract: The transmission of monetary policy, especially in light of recent events, has received increased attention, especially with respect to the efficacy of the bank lending channel. This paper summarizes the issues associated with isolating the bank lending channel and determining the extent to which it is operational. Evidence on the effectiveness of the bank lending channel is presented, both in the United States and abroad. The paper then provides observations about the likely consequences for the effectiveness of the lending channel of the changes in the financial environment associated with the recent financial crisis.

Keywords: Monetary policy; Global financial crisis; Banks and banking - Regulations (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-ban, nep-cba and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16) Track citations by RSS feed

Downloads: (external link)
http://www.bostonfed.org/economic/ppdp/2013/ppdp1305.htm (text/html)
http://www.bostonfed.org/economic/ppdp/2013/ppdp1305.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:fip:fedbpp:13-5

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Public Policy Discussion Paper from Federal Reserve Bank of Boston Contact information at EDIRC.
Bibliographic data for series maintained by Catherine Spozio ().

 
Page updated 2024-02-25
Handle: RePEc:fip:fedbpp:13-5