Bank Capital, Bank Lending, and Monetary Policy in the Euro Area
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Bank Capital, Bank Lending, and Monetary Policy in the Euro Area
Altunbaş, Yener | Bondt, Gabe de | Marqués-Ibáñez, David
Credit and Capital Markets – Kredit und Kapital, Vol. 37 (2004), Iss. 4 : pp. 443–464
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Yener Altunbaş, Frankfurt/M.
Gabe de Bondt, Frankfurt/M.
David Marqués-Ibáñez, Frankfurt/M.
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Abstract
Bankkapital, Bankdarlehen und Geldpolitik im Euro-Raum
Dieser Artikel enthält Argumente und Beweise zur Stützung der Hypothese, dass das Bankkapital für die Reaktion von Banken im EU-Raum auf geldpolitische Veränderungen bei der Darlehensgewährung von Bedeutung ist. Die Datenschätzungen eines Bankenausschusses für den Zeitraum von 1991 bis 1999 zeigen, dass das Verhalten der weniger kapitalstarken Banken in Frankreich und Italien bei der Darlehensgewährung bei geldpolitischen Veränderungen reagibler ist als das von mit Kapital besser ausgestatteten Banken. Der Grad der Kapitalisierung spielt auch eine Rolle für die geldpolitischen Auswirkungen auf das Verhalten der wichtigsten Akteure im deutschen und im Euro-Bankensystem bei der Darlehensgewährung. Diese Erkenntnisse legen den Schluss nahe, dass die neuen Baseler Eigenkapitalanforderungen die geldpolitischen Transmissionskanäle über das Bankkapital beeinträchtigen können.