Financial development and the bank lending channel in developing countries

This article analyses how financial development affects the bank lending channel in developing countries. Our analysis is carried out on a sample of 693 commercial banks from 31 developing countries between 2000 and 2012. We find that the loan supply of banks that operate in countries with less deve...

Descripción completa

Detalles Bibliográficos
Autores: Sanfilippo Azofra, Sergio|||0000-0001-8941-2033, Torre Olmo, Begoña|||0000-0001-6081-9868, Cantero Saiz, María|||0000-0002-1442-3130, López Gutiérrez, Carlos|||0000-0003-1703-6440
Tipo de recurso: artículo
Fecha de publicación:2018
País:España
Institución:Universidad de Cantabria (UC)
Repositorio:UCrea Repositorio Abierto de la Universidad de Cantabria
Idioma:inglés
OAI Identifier:oai:repositorio.unican.es:10902/15081
Acceso en línea:http://hdl.handle.net/10902/15081
Access Level:acceso abierto
Palabra clave:Financial development
Banks’ loan supply
Monetary policy
Bank lending channel
id ES_325cef99ae3fb4ab2b76c29c2f1dfa64
oai_identifier_str oai:repositorio.unican.es:10902/15081
network_acronym_str ES
network_name_str España
repository_id_str
spelling Financial development and the bank lending channel in developing countriesSanfilippo Azofra, Sergio|||0000-0001-8941-2033Torre Olmo, Begoña|||0000-0001-6081-9868Cantero Saiz, María|||0000-0002-1442-3130López Gutiérrez, Carlos|||0000-0003-1703-6440Financial developmentBanks’ loan supplyMonetary policyBank lending channelThis article analyses how financial development affects the bank lending channel in developing countries. Our analysis is carried out on a sample of 693 commercial banks from 31 developing countries between 2000 and 2012. We find that the loan supply of banks that operate in countries with less developed financial systems is not affected by monetary policy changes. In countries with more developed financial systems, the bank lending channel is effective, but only after the financial crisis. Moreover, in these countries, the negative effect of monetary policy contractions on bank lending is greater when financial development rises.Elsevier BVUniversidad de Cantabria20182018-03-01journal articlehttp://purl.org/coar/resource_type/c_6501NAhttp://purl.org/coar/version/c_be7fb7dd8ff6fe43info:eu-repo/semantics/articlehttp://hdl.handle.net/10902/15081Journal of macroeconomics, Volume 55, March 2018, Pages 215-234reponame:UCrea Repositorio Abierto de la Universidad de Cantabriainstname:Universidad de Cantabria (UC)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2Attribution 4.0 Internationalhttp://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:repositorio.unican.es:10902/150812026-06-02T12:39:31Z
dc.title.none.fl_str_mv Financial development and the bank lending channel in developing countries
title Financial development and the bank lending channel in developing countries
spellingShingle Financial development and the bank lending channel in developing countries
Sanfilippo Azofra, Sergio|||0000-0001-8941-2033
Financial development
Banks’ loan supply
Monetary policy
Bank lending channel
title_short Financial development and the bank lending channel in developing countries
title_full Financial development and the bank lending channel in developing countries
title_fullStr Financial development and the bank lending channel in developing countries
title_full_unstemmed Financial development and the bank lending channel in developing countries
title_sort Financial development and the bank lending channel in developing countries
dc.creator.none.fl_str_mv Sanfilippo Azofra, Sergio|||0000-0001-8941-2033
Torre Olmo, Begoña|||0000-0001-6081-9868
Cantero Saiz, María|||0000-0002-1442-3130
López Gutiérrez, Carlos|||0000-0003-1703-6440
author Sanfilippo Azofra, Sergio|||0000-0001-8941-2033
author_facet Sanfilippo Azofra, Sergio|||0000-0001-8941-2033
Torre Olmo, Begoña|||0000-0001-6081-9868
Cantero Saiz, María|||0000-0002-1442-3130
López Gutiérrez, Carlos|||0000-0003-1703-6440
author_role author
author2 Torre Olmo, Begoña|||0000-0001-6081-9868
Cantero Saiz, María|||0000-0002-1442-3130
López Gutiérrez, Carlos|||0000-0003-1703-6440
author2_role author
author
author
dc.contributor.none.fl_str_mv Universidad de Cantabria
dc.subject.none.fl_str_mv Financial development
Banks’ loan supply
Monetary policy
Bank lending channel
topic Financial development
Banks’ loan supply
Monetary policy
Bank lending channel
description This article analyses how financial development affects the bank lending channel in developing countries. Our analysis is carried out on a sample of 693 commercial banks from 31 developing countries between 2000 and 2012. We find that the loan supply of banks that operate in countries with less developed financial systems is not affected by monetary policy changes. In countries with more developed financial systems, the bank lending channel is effective, but only after the financial crisis. Moreover, in these countries, the negative effect of monetary policy contractions on bank lending is greater when financial development rises.
publishDate 2018
dc.date.none.fl_str_mv 2018
2018-03-01
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
NA
http://purl.org/coar/version/c_be7fb7dd8ff6fe43
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/10902/15081
url http://hdl.handle.net/10902/15081
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution 4.0 International
http://creativecommons.org/licenses/by/4.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution 4.0 International
http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Elsevier BV
publisher.none.fl_str_mv Elsevier BV
dc.source.none.fl_str_mv Journal of macroeconomics, Volume 55, March 2018, Pages 215-234
reponame:UCrea Repositorio Abierto de la Universidad de Cantabria
instname:Universidad de Cantabria (UC)
instname_str Universidad de Cantabria (UC)
reponame_str UCrea Repositorio Abierto de la Universidad de Cantabria
collection UCrea Repositorio Abierto de la Universidad de Cantabria
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1869405670613188608
score 15,300719

Similares en LA Referencia