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|Title:||A Test for the Bank Lending Channel of Monetary Policy in Taiwan|
Bank lending channel
|Issue Date:||2009-09-14 13:34:07 (UTC+8)|
This paper investigates the role of the bank lending channel in the monetary policy transmission process in Taiwan.
Particularly, we provide a theoretical framework to describe the effect of banks' behaviors on the bank lending channel.
In the empirical study, we perform cointegrated relation and impulse response to analyze the effect of monetary policy on bank loans.
We find that a bank lending channel is not a relevant transmission mechanism of monetary policy, which can be due to banks' buffer behaviors.
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|Appears in Collections:||[經濟學系] 學位論文|
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