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Dasar Kewangan dan Saluran Pinjaman Bank di Thailand: Suatu Kajian Data Panel

Author

Listed:
  • Abdul Karim, Zulkefly

    (Pusat Pengajian Ekonomi Fakulti Ekonomi dan Pengurusan Universiti Kebangsaan Malaysia 43600 Bangi, Selangor Malaysia)

  • Aziz, Nur Hashimah

    (Pusat Pengajian Ekonomi Fakulti Ekonomi dan Pengurusan Universiti Kebangsaan Malaysia 43600 Bangi, Selangor Malaysia)

  • Said, Fathin Faizah

    (Pusat Pengajian Ekonomi Fakulti Ekonomi dan Pengurusan Universiti Kebangsaan Malaysia 43600 Bangi, Selangor Malaysia)

Abstract

This study aims to examine the relevance of the transmission mechanism of monetary policy through the bank lending channel in Thailand by using bank level data. The banks’ loan supply function is estimated using a static panel data framework (fixed effect and random effect model). In addition to monetary policy variables (the overnight interest rate), several bank specific variables (size, capital and liquidity), and macroeconomic variables (real output and price level) are also taken into account in estimating the banks’ loan supply function. The data set is spanning from 2000 to 2010, comprising of 25 commercial banks. Results showed that bank lending channel is operated in Thailand, in which a changes in monetary policy variables (interbank overnight rate) is statistically significance, and has a negative effect on banks’ loan supply. In addition, macroeconomic variables, namely GDP and bank specific variables such as bank liquidity and bank size are also statistically significance in influencing the supply of bank loans.

Suggested Citation

  • Abdul Karim, Zulkefly & Aziz, Nur Hashimah & Said, Fathin Faizah, 2013. "Dasar Kewangan dan Saluran Pinjaman Bank di Thailand: Suatu Kajian Data Panel," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 47(2), pages 83-92.
    • Handle: RePEc:ukm:jlekon:v:47:y:2013:i:2:p:83-92
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