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首页> 外文期刊>Journal of banking & finance >Competition in banking and the lending channel: Evidence from bank-level data in Asia and Latin America
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Competition in banking and the lending channel: Evidence from bank-level data in Asia and Latin America

机译：银行和借贷渠道的竞争：来自亚洲和拉丁美洲银行级别数据的证据

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摘要

This paper examines how banking competition affects the transmission of monetary policy through the bank lending channel. We apply a two-step estimation procedure using bank-level panel data for commercial banks in 10 Asian and 10 Latin American countries during the period from 1996 to 2006. In the first step we measure the degree of banking competition by applying the methodology proposed by Panzar and Rosse (1987). In the second step we estimate a loan growth equation where the explanatory variables include the Panzar-Rosse measure of banking competition. The estimation results provide consistent evidence that increased competition in the banking sector weakens the transmission of monetary policy through the bank lending channel. This is especially true for banks in Latin American countries and banks of small size, low liquidity, and low capitalization. We also discuss the policy implications of the main findings of this paper.
机译：本文研究了银行竞争如何影响通过银行借贷渠道的货币政策传导。在1996年至2006年期间，我们使用10个亚洲和10个拉丁美洲国家/地区的商业银行的银行级面板数据进行了两步估算程序。第一步，我们采用以下方法提出的方法来衡量银行业的竞争程度Panzar和Rosse（1987）。在第二步中，我们估计贷款增长方程，其中解释变量包括银行竞争的Panzar-Rosse度量。估计结果提供了一致的证据，表明银行业竞争的加剧削弱了通过银行贷款渠道的货币政策的传导。对于拉丁美洲国家的银行以及规模小，流动性低和资本低的银行而言，尤其如此。我们还将讨论本文主要发现的政策含义。

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  • 来源
    《Journal of banking & finance》 |2011年第3期|p.560-571|共12页
  • 作者

    Maria Pia Olivero; Yuan Li; Bang Nam Jeon;

  • 作者单位

    Department of Economics and International Business, LeBow College of Business, Drexel University, Philadelphia, PA 19104, United States;

    Penn State Altoona, Division of Business and Engineering, Altoona, PA 16601, United States;

    Department of Economics and International Business, LeBow College of Business, Drexel University, Philadelphia, PA 19104, United States;

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  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

    banking competition; bank lending channel; monetary policy transmission;

    机译：银行业竞争;银行借贷渠道;货币政策传导;

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