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Do non-financial firms react to monetary policy actions as banks do?
dc.contributor.author | Carbó Valverde, Santiago | |
dc.contributor.author | López del Paso, Rafael | |
dc.date.accessioned | 2014-04-29T12:48:27Z | |
dc.date.available | 2014-04-29T12:48:27Z | |
dc.date.issued | 2005 | |
dc.identifier.citation | Carbó Valverde, S.; López del Paso, R. Do non-financial firms react to monetary policy actions as banks do?. Universidad de Granada. Departamento de Teoría e Historia Económica (2005). (The Papers; 05/03). [http://hdl.handle.net/10481/31464] | es_ES |
dc.identifier.uri | http://hdl.handle.net/10481/31464 | |
dc.description.abstract | The theory of the bank lending channel indicates that financial institutions with larger size, higher capitalisation and higher liquidity present a greater capacity to maintain their levels of credit supply in a situation of monetary contraction. However, there is a paucity of (European) studies that analyse the bank lending channel from the non-financial firms’ perspective. This paper analyzes the impact of monetary policy actions on a large sample of Spanish firms. The empirical evidence for Spain shows that the impact of size, solvency and liquidity are similar for banks and non-financial firms. | es_ES |
dc.language.iso | eng | es_ES |
dc.publisher | Universidad de Granada. Departamento de Teoría e Historia Económica | es_ES |
dc.subject | Monetary policy transmission | es_ES |
dc.subject | Bank lending channel | es_ES |
dc.subject | Liquidity | es_ES |
dc.subject | Non-financial firms | es_ES |
dc.subject | Banks | es_ES |
dc.title | Do non-financial firms react to monetary policy actions as banks do? | es_ES |
dc.type | info:eu-repo/semantics/report | es_ES |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | es_ES |