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Does bank efficiency affect the bank lending channel in China?
Zuzana Fungáčová, Eeva Kerola, Laurent Weill 2021-02-16
This work examines the impact of bank efficiency on the bank lending channel in China. Using a sample of 175 Chinese banks over the period 2006–2017, we investigate how the reaction of the loan supply to monetary policy actions depends on a bank’s efficiency. While bank efficiency does not exert an impact on the effectiveness of monetary policy transmission overall, it does favor the transmission of monetary policy for banks with low loan-to-deposit ratios. In addition, the expansion of shadow banking activities has been associated with a positive impact of bank efficiency on monetary policy transmission. These results suggest that bank efficiency may influence the bank lending channel in certain cases
이전글 | 宏观债务负担与消费扩容 | 2021-02-16 |
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다음글 | 经济政策不确定性的跨国溢出效应及其形成机理 | 2021-02-15 |