Interbank Lending and Monetary Policy Transmission: Evidence for Germany

Michael Ehrmann and A. Worms

Working Papers from Quebec a Montreal - Recherche en gestion

Abstract: This paper presents empirical evidence on the behaviour of interbank lending in Germany after a monetary policy impulse. Our VAR analysis shows that following a monetary contraction, the banking system as a whole attracts additional funds from foreign banks.

Keywords: MONETARY POLICY; BANKS; MARKET (search for similar items in EconPapers)
JEL-codes: C32 E52 G21 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2001
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Citations: View citations in EconPapers (24)

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Working Paper: Interbank lending and monetary policy transmission - evidence for Germany (2001)
Working Paper: Interbank lending and monetary policy transmission: evidence for Germany (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:uqamge:73

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