Monetary policy, bank size and bank lending: Evidence from Australia

Luke Liu

MPRA Paper from University Library of Munich, Germany

Abstract: The transmission of monetary policy may hold the key to explaining the effects of policy on the economy. The objective of the study is to assess the importance of the bank lending channel in the transmission of monetary policy in Australia. In this paper, we found that the effectiveness of monetary policy varies with the size of the bank as well as the type of the loan. For different asset size and different kinds of loans, the effect of monetary policy is different. Thus, policy has distributional effects on bank loans that depend on asset size and industry in the economy.

Keywords: Monetary policy; Bank lending; Bank size (search for similar items in EconPapers)
JEL-codes: C01 C23 E52 (search for similar items in EconPapers)
Date: 2011-06-26
New Economics Papers: this item is included in nep-ban and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:35033

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