scholarly journals How Important is the Credit Channel in the Transmission of Monetary Policy?

10.3386/w4285 ◽  
1993 ◽  
Author(s):  
Valerie Ramey
Keyword(s):  
Monetary Policy ◽  
Credit Channel ◽  
Transmission Of Monetary Policy

scholarly journals GLOBALISASI PERBANKAN DAN EFEKTIVITAS KEBIJAKAN MONETER DALAM PERSPEKTIF CREDIT CHANNEL

2020 ◽  
Vol 17 (1) ◽  
pp. 37-47
Author(s):  
Radius Radius
Keyword(s):  
Monetary Policy ◽  
Panel Data ◽  
Regression Model ◽  
Banking Sector ◽  
Foreign Bank ◽  
Credit Channel ◽  
Credit Growth ◽  
Policy Transmission ◽  
Outstanding Result ◽  
Transmission Of Monetary Policy

Abstrak: Penelitian berfokus pada analisis dampak kepemilikan modal asing pada pertumbuhan kredit bank serta kaitannya dengan efektivitas transmisi kebijakan moneter credit channel. Menggunakan data panel individu bank BUKU 3 dan BUKU 4 di Indonesia, analisis dilakukan terhadap tiga kelompok bank berdasarkan jenis kepemilikannya yaitu Bank Pemerintah, Bank Domestik dan Bank Asing. Hasil estimasi pada model regresi menunjukkan secara empiris bahwa globalisasi berdampak terhadap pertumbuhan kredit bank secara spesifik pada bank dengan modal asing sebagai saham pengendali utama. Temuan yang menarik adalah transmisi kebijakan moneter pada sektor perbankan di Indonesia menunjukkan hasil yang tidak efektif jika dilihat dari perspektif credit channel.Abstract: This paper focuses on the effect of foreign equity in the Indonesian banking sector towards credit growth while linked to credit channel monetary policy transmission. It was using panel data from individual banks categorized as BUKU 3 and BUKU 4 in Indonesia, the analysis performed towards three categories of a bank by its ownership, which are Government Bank, Domestic Bank, and Foreign Bank. Estimation of the regression model shows that globalization empirically affects credit growth specific on foreign-controlled banks with majority foreign equity. The outstanding result in this paper is that the transmission of monetary policy in the Indonesian banking sector turns out to be ineffective as viewed from a credit channel perspective.

scholarly journals Bank Lending (Credit) Channel of Monetary Transmission Mechanism

2018 ◽  
Vol 4 (1) ◽  
pp. 93-100
Author(s):  
Quratulain Ezam
Keyword(s):  
Monetary Policy ◽  
Secondary Data ◽  
Bank Lending ◽  
Transmission Mechanism ◽  
Monetary Transmission ◽  
Credit Channel ◽  
Distributed Lag ◽  
Auto Regressive ◽  
Bound Test ◽  
Transmission Of Monetary Policy

The significance of channel of bank lending for the process of transmission of monetary policy is examined employing the model of ARDL (Auto-regressive-distributed lag). This recently established bound test is used in order to determine the description of this model. The data that has been used for this research is based on secondary data of 7 years. The results appear constant with the hypothesis that providing by banks with comparatively frail capital responds great, the modification in the stance of monetary policy than providing by improved capitalized banks.

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