@misc{10481/31464,
year = {2005},
url = {http://hdl.handle.net/10481/31464},
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.},
publisher = {Universidad de Granada. Departamento de Teoría e Historia Económica},
keywords = {Monetary policy transmission},
keywords = {Bank lending channel},
keywords = {Liquidity},
keywords = {Non-financial firms},
keywords = {Banks},
title = {Do non-financial firms react to monetary policy actions as banks do?},
author = {Carbó Valverde, Santiago and López del Paso, Rafael},
}