Scandinavian Working Papers in Economics

Working Papers,
Lund University, Department of Economics

No 2003:16: A Panel Data Test of the Bank Lending Channel in Sweden

Joakim Westerlund ()
Additional contact information
Joakim Westerlund: Department of Economics, Lund University, Postal: Department of Economics, School of Economics and Management, Lund University, Box 7082, S-220 07 Lund, Sweden

Abstract: In this paper, we test the bank lending channel of monetary policy transmission in Sweden. Using a panel of bank balance sheet data covering the period 1998:M1 to 2003:M6, we test for bank loan supply shifts by segregating banks by asset size, liquidity and capitalization. The main result is that small, illiquid and undercapitalized banks are significantly affected by monetary policy, which supports the hypothesis of the bank lending channel

Keywords: Monetary Transmission; Bank Lending Channel

JEL-codes: C33; E42; E52; E52; F42; G21

18 pages, November 10, 2003

Full text files 

WP03_16.pdf PDF-file

Download statistics

Questions (including download problems) about the papers in this series should be directed to Iker Arregui Alegria ()
Report other problems with accessing this service to Sune Karlsson ().

RePEc:hhs:lunewp:2003_016This page generated on 2024-09-13 22:16:09.