What drives bank lending policy? The evidence from bank lending survey for Poland
Ewa Wróbel ()
No 352, NBP Working Papers from Narodowy Bank Polski
Based on aggregate data from the lending survey for Poland and using a series of structural vector autoregressive models, we show that credit market sentiments, bank capital position and quality of banks’ balance sheets are the most important drivers of bank lending standards, terms and conditions for the corporate sector. Also, we demonstrate that albeit with some delay, monetary policy shocks affect bank lending policy and additionally have some bearing on credit market sentiments, quality of bank balance sheets and competition. Innovations to the business sector activity and to demand for credit play a minor role for bank lending policy.
Keywords: bank credit; lending standards; terms and conditions; structural vector autoregressive model (search for similar items in EconPapers)
JEL-codes: E44 E51 G21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ban, nep-fdg, nep-mon and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:nbp:nbpmis:352
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