Bank competition and monetary policy transmission through the bank lending channel: Evidence from ASEAN

Khan, Habib Hussain; Ahmad, Rodina; Chan, Sok Gee

doi:10.1016/j.iref.2016.03.003

Cited by 117 publications

(99 citation statements)

References 38 publications

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“…Lending to corporates for European periphery countries seems to be less reliant on liquidity. It turns out that the lagged volumes constitute the most relevant variablethis finding can be observed in a bank-level analysis by Khan, Ahmad, and Gee (2016).…”

Section: A41 Loan Volumesmentioning

confidence: 66%

What are the real effects of financial market liquidity? Evidence on bank lending from the euro area

Dombret

Foos

Pliszka

et al. 2019

Journal of International Financial Markets, Institutions and Mo

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Wie hat die Austrocknung der Liquidität an den Finanzmärkten während der Finanzmarktkrise der Jahre 2007 bis 2009 und der anschließenden europäischen Staatsschuldenkrise die Kreditvergabe von Banken an die Realwirtschaft beeinflusst? In diesem Papier wird untersucht, wie sich die Marktliquidität im Euroraumüber die Kreditvergabe der Banken auf die Realwirtschaft auswirkt, indem ihr Einfluss auf Kreditvolumina und-spreads analysiert wird. Ergebnisse liegen sowohl auf aggregierter Ebene als auch auf Basis von Einzelinstitutsdaten vor, um aufzuzeigen, welche Banken in besonderem Maße aufÄnderungen in der Marktliquidität reagieren. Beitrag Während vorherige Untersuchungen mehrheitlich auf den Einfluss von Finanzierungsliquidität der Banken auf die Kreditvergabe an die Realwirtschaft eingegangen sind, analysieren wir den Einfluss von Marktliquidität auf Kreditvolumina und-spreads sowohl für Unternehmens-als auch für Haushaltskredite im Euroraumüber den Zeitraum 2003 bis 2016. Diese Zeitspanne ermöglicht es uns zu prüfen, wie sich die Kreditvergabe in Zeiten von niedriger Liquidität geändert hat. Ergebnisse und Politikempfehlungen Unsere Ergebnisse für den aggregierten Euroraum zeigen, dass Marktliquidität positiv mit Kreditvolumina und negativ mit Kreditspreads zusammenhängt. Vor allem in Krisenzeiten verringerte sich die Kreditvergabe und wir beobachten höhere Spreads in den Kreditzinssätzen der Banken. Hervorzuheben ist dabei, dass sich Marktliquidität asymmetrisch auf die Kreditvergabe auswirkt: Der negative Effekt eines Rückgangs von Liquidität ist deutlicher ausgeprägt als der positive Effekt einer Zunahme von Liquidität. Das trifft vor allem auf Unternehmenskredite zu, welche bei einer Verschlechterung von Marktliquidität als erstes eingeschränkt werden. Die bankspezifischen Daten bestätigen ebenfalls den starken Einfluss von Liquidität auf das Kreditvergabeverhalten. Nicht börsennotierte Banken, Banken mit relativ schwacher Rentabilität und einem hohen Anteil an Zinseinkünften sowie Banken mit hoher Finanzierungsliquidität sind dabei in besonderem Maße von Marktliquidität abhängig. Daher sind gut funktionierende und ausreichend liquide Finanzmärkte notwendig, um Einschnitte in der Kreditvergabe durch Banken zu vermeiden, die auch die Realwirtschaft treffen würden. Bedeutend ist dies vor dem Hintergrund der angedachten Kapitalmarktunion und des möglichen Austritts Großbritanniens aus der EU.

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Section: A41 Loan Volumesmentioning

confidence: 66%

What are the real effects of financial market liquidity? Evidence on bank lending from the euro area

Dombret

Foos

Pliszka

et al. 2019

Journal of International Financial Markets, Institutions and Mo

View full text Add to dashboard Cite

show abstract

“…In the macroeconomic view, Ruzickova & Teply (2015) emphasize the theoretical and practical aspects of bank fee and commission income in the European Union. Khan et al (2016) present the banking competition in the selected ASEAN countries by considering the banks' response to the monetary policy shocks and banking lending channel. Feldmann (2015) defines the banking system concentration and unemployment in developing countries.…”

Section: Literature Reviewmentioning

confidence: 99%

Competitive strategy selection in the European banking sector using a hybrid decision-making approach

Dınçer

Akdeniz

Hacıoğlu

2018

Zb. rad. Ekon. fak. Rij.

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Strategic planning is an effective tool for long-term planning and utilized by organizations and industries to achieve competitive advantage. Addressing difficulties that the European banking sector struggled during and after the global financial crisis (GFC), the purpose of this paper is to raise important questions about the sustainability of the sector and offers competitive strategy formulations for European policy makers. Empirical findings are accomplished by applying a three phase analysis of SWOT, an integrated model of DEMATEL-ANP (DANP), and fuzzy TOPSIS. Empirical findings from the SWOT analysis suggest a total of twelve factors, which are then incorporated to formulate four strategies. The DANP results illustrate that opportunities dimension has the highest impact and strengths has the lowest among others. The fuzzy TOPSIS results demonstrate that "the European Banking Union (EBU) is expected to remove divergence in the Euro area banking sector" is the most important strategy, whilst "the non-risk based leverage ratio (LR) requirement by Basel III" has the weakest importance among the strategy preferences.

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“…The research of Bhattacharya (2014) shows that manipulation of interest and exchange rates affect inflation, which explains why monetary policies in Vietnam reduced high inflation after the 1980s. The ASEAN countries study shows that competition between banking institutions, signified by lending ratios, size of banks, capitalized and liquidity level, has created a context in which monetary policies can have a more significant impact on domestic GDP growth and economic stability (Khan et al, 2016).…”

Section: Literature Reviewsmentioning

confidence: 99%

The Study of Monetary Policy Instruments and Implementation Challenge in Laos

Sourigna¹,

Zhu²,

Chanthavieng³

2018

IJEF

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The monetary policies have been developed and implemented by the Bank of Lao PDR (BOL). This article presents the monetary policy framework in Laos which includes the policy instruments and implementation mechanism. The author applied the actual implementation and the existing theories to display the Lao monetary tools such as interest rate, open market operation, reserve ratio, exchange rate, credit control, cash flow management and relevant regulations. As well as the policy implementation mechanism has been presented in policy decision, operation department and operation mechanism.The author applies the descriptive analysis on the monetary policy implementation challenge and addressing. They based on monetary policy theories, literature studied, and practical experience from the operation authority. The analysis has found the challenges as The limited of market operation; the dollarization and multiples currencies consumer preference; the challenge in Kip prices, and Kip lending; the foreign capital outflow. Then, the analysis moved forward to the challenge addressing. All of these measures are taken to maintain the efficient management of the monetary system, ensure an effectiveness of the monetary policy implementation in the long-term.

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Bank competition and monetary policy transmission through the bank lending channel: Evidence from ASEAN

Cited by 117 publications

References 38 publications

What are the real effects of financial market liquidity? Evidence on bank lending from the euro area

What are the real effects of financial market liquidity? Evidence on bank lending from the euro area

Competitive strategy selection in the European banking sector using a hybrid decision-making approach

The Study of Monetary Policy Instruments and Implementation Challenge in Laos

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