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1998-03-01Buch DOI: 10.18452/3725
Banks’ Supply of Loans
dc.contributor.authorMitusch, Kay
dc.contributor.authorNautz, Dieter
dc.date.accessioned2017-06-15T21:55:28Z
dc.date.available2017-06-15T21:55:28Z
dc.date.created2006-01-27
dc.date.issued1998-03-01
dc.identifier.issn1436-1086
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4377
dc.description.abstractThe most important policy instruments of the Bundesbank and of the coming European Central Bank involve lending to domestic credit institutions. In this monetary setup, banks use short-term central bank credits extensively in order to refinance long-term loans to the public, which makes them vulnerable to sudden monetary policy changes. We develop a loan supply model that captures distinguishing features of the European money supply process and show how money supply responds when future monetary policy is expected to become tighter or more uncertain. The results indicate that the controllability of borrowed reserves is of crucial importance for monetary policy practice.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectLoan and money supplyeng
dc.subjectcentral bank lendingeng
dc.subjectmonetary policy instruments of the ECBeng
dc.subjectinterest rate riskeng
dc.subject.ddc330 Wirtschaft
dc.titleBanks’ Supply of Loans
dc.typebook
dc.subtitleWhen Future Monetary Policy is Uncertain
dc.identifier.urnurn:nbn:de:kobv:11-10056748
dc.identifier.doihttp://dx.doi.org/10.18452/3725
dc.subject.dnb17 Wirtschaft
local.edoc.container-titleSonderforschungsbereich 373: Quantification and Simulation of Economic Processes
local.edoc.pages19
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume1998
local.edoc.container-issue30
local.edoc.container-year1998
local.edoc.container-erstkatid2135319-0

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