Bank loan portfolios and the Canadian monetary transmission mechanism
Author
Abstract
Suggested Citation
DOI: 10.1111/j.1540-5982.2009.01542.x
Download full text from publisher
References listed on IDEAS
- Marsha J. Courchane & Judith A. Giles, 2002. "A Comparison of US and Canadian Residential Mortgage Markets," ERES eres2002_220, European Real Estate Society (ERES).
- Benedict S. C. Fung & Rohit Gupta, 1997. "Cash Setting, the Call Loan Rate, and the Liquidity Effect in Canada," Canadian Journal of Economics, Canadian Economics Association, vol. 30(4), pages 1057-1082, November.
- Fisher, Jonas D M, 1999.
"Credit Market Imperfections and the Heterogeneous Response of Firms to Monetary Shocks,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 31(2), pages 187-211, May.
- Jonas D.M. Fisher, 1994. "Credit Market Imperfections and the Heterogeneous Response of Firms to Monetary Shocks," University of Western Ontario, Departmental Research Report Series 9410, University of Western Ontario, Department of Economics.
- Jonas D. M. Fisher, 1998. "Credit market imperfections and the heterogeneous response of firms to monetary shocks," Working Paper Series, Macroeconomic Issues 96-23, Federal Reserve Bank of Chicago.
- Matteo Iacoviello, 2005.
"House Prices, Borrowing Constraints, and Monetary Policy in the Business Cycle,"
American Economic Review, American Economic Association, vol. 95(3), pages 739-764, June.
- Matteo Iacoviello, 2002. "House prices, borrowing constraints and monetary policy in the business cycle," Boston College Working Papers in Economics 542, Boston College Department of Economics, revised 06 Dec 2004.
- Repullo, Rafael & Suarez, Javier, 2000.
"Entrepreneurial moral hazard and bank monitoring: A model of the credit channel,"
European Economic Review, Elsevier, vol. 44(10), pages 1931-1950, December.
- Repullo,R. & Suarez,J., 1996. "Entrepreneurial Moral Hazard and Bank Monitoring: A Model of the Credit Channel," Papers 9604, Centro de Estudios Monetarios Y Financieros-.
- Repullo, Rafael & Suarez, Javier, 1999. "Entrepreneurial Moral Hazard and Bank Monitoring: A Model of the Credit Channel," CEPR Discussion Papers 2060, C.E.P.R. Discussion Papers.
- Rafael Repullo & Javier Suarez, 1999. "Entrepreneurial moral hazard and bank monitoring: a model of the credit channel," Discussion Paper / Institute for Empirical Macroeconomics 129, Federal Reserve Bank of Minneapolis.
- Rafael Repullo & Javier Suarez, 1996. "Entrepreneurial Moral Hazard and Bank Monitoring: A Model of the Credit Channel," Working Papers wp1996_9604, CEMFI.
- Christiano, Lawrence J. & Eichenbaum, Martin & Evans, Charles L., 1999.
"Monetary policy shocks: What have we learned and to what end?,"
Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 2, pages 65-148,
Elsevier.
- Lawrence J. Christiano & Martin S. Eichenbaum & Charles L. Evans, 1997. "Monetary policy shocks: what have we learned and to what end?," Working Paper Series, Macroeconomic Issues WP-97-18, Federal Reserve Bank of Chicago.
- Lawrence J. Christiano & Martin Eichenbaum & Charles L. Evans, 1998. "Monetary Policy Shocks: What Have We Learned and to What End?," NBER Working Papers 6400, National Bureau of Economic Research, Inc.
- Berger, Allen N & Udell, Gregory F, 1995. "Relationship Lending and Lines of Credit in Small Firm Finance," The Journal of Business, University of Chicago Press, vol. 68(3), pages 351-381, July.
- Ben S. Bernanke & Mark Gertler, 1995.
"Inside the Black Box: The Credit Channel of Monetary Policy Transmission,"
Journal of Economic Perspectives, American Economic Association, vol. 9(4), pages 27-48, Fall.
- Ben S. Bernanke & Mark Gertler, 1995. "Inside the Black Box: The Credit Channel of Monetary Policy Transmission," NBER Working Papers 5146, National Bureau of Economic Research, Inc.
- Bernanke, Ben & Gertler, Mark, 1995. "Inside the Black Box: The Credit Channel of Monetary Policy Transmission," Working Papers 95-15, C.V. Starr Center for Applied Economics, New York University.
- Charles Freedman, 1998. "The Canadian Banking System," Technical Reports 81, Bank of Canada.
- Mitchell A. Petersen & Raghuram G. Rajan, 1995.
"The Effect of Credit Market Competition on Lending Relationships,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(2), pages 407-443.
- Mitchell A. Petersen & Raghuram G. Rajan, 1994. "The Effect of Credit Market Competition on Lending Relationships," NBER Working Papers 4921, National Bureau of Economic Research, Inc.
- Daniel Racette & Jacques Raynauld, 1992. "Canadian Monetary Policy: Will the Checklist Approach Ever Get Us to Price Stability?," Canadian Journal of Economics, Canadian Economics Association, vol. 25(4), pages 819-838, November.
- Marsha J. Courchane & Judith A. Giles, 2002. "A Comparison of U.S. and Canadian Residential Mortgage Markets," Econometrics Working Papers 0201, Department of Economics, University of Victoria.
- Stephen G. Cecchetti, 2001.
"Legal Structure, Financial Structure and the Monetary Policy Transmission Mechanism,"
Palgrave Macmillan Books, in: Deutsche Bundesbank (ed.), The Monetary Transmission Process, chapter 5, pages 170-207,
Palgrave Macmillan.
- Stephen G. Cecchetti, 1999. "Legal structure, financial structure, and the monetary policy transmission mechanism," Economic Policy Review, Federal Reserve Bank of New York, vol. 5(Jul), pages 9-28.
- Stephen G. Cecchetti, 1999. "Legal Structure, Financial Structure, and the Monetary Policy Transmission Mechanism," NBER Working Papers 7151, National Bureau of Economic Research, Inc.
- Duguay, Pierre, 1994. "Empirical evidence on the strength of the monetary transmission mechanism in Canada: An aggregate approach," Journal of Monetary Economics, Elsevier, vol. 33(1), pages 39-61, February.
- Daniel Racette & Jacques Raynauld & Christian Sigouin, "undated".
"An Up-to-Date and Improved BVAR Model of the Canadian Economy,"
Staff Working Papers
94-4, Bank of Canada.
- Daniel Racette & Jacques Raynauld & Christian Sigouin, 1995. "An Up-to-Date and Improved BVAR Model of the Canadian Economy," Macroeconomics 9503002, University Library of Munich, Germany.
- Mark Gertler & Simon Gilchrist, 1993. "The role of credit market imperfections in the monetary transmission mechanism: arguments and evidence," Finance and Economics Discussion Series 93-5, Board of Governors of the Federal Reserve System (U.S.).
- den Haan, Wouter J. & Sumner, Steven W. & Yamashiro, Guy M., 2007.
"Bank loan portfolios and the monetary transmission mechanism,"
Journal of Monetary Economics, Elsevier, vol. 54(3), pages 904-924, April.
- Den Haan, Wouter & Sumner, Steven & Yamashiro, Guy, 2004. "Banks' Loan Portfolio and the Monetary Transmission Mechanism," CEPR Discussion Papers 4725, C.E.P.R. Discussion Papers.
- Minetti, Raoul, 2007. "Bank capital, firm liquidity, and project quality," Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2584-2594, November.
- Rokon Bhuiyan & Robert F. Lucas, 2007. "Real and nominal effects of monetary policy shocks," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 40(2), pages 679-702, May.
- J. Safaei & N. E. Cameron, 2003. "Credit channel and credit shocks in Canadian macrodynamics - a structural VAR approach," Applied Financial Economics, Taylor & Francis Journals, vol. 13(4), pages 267-277.
- Rokon Bhuiyan & Robert F. Lucas, 2007. "Real and nominal effects of monetary policy shocks," Canadian Journal of Economics, Canadian Economics Association, vol. 40(2), pages 679-702, May.
- Petersen, Mitchell A & Rajan, Raghuram G, 1994. "The Benefits of Lending Relationships: Evidence from Small Business Data," Journal of Finance, American Finance Association, vol. 49(1), pages 3-37, March.
- Jason Allen & Walter Engert, 2007. "Efficiency and Competition in Canadian Banking," Bank of Canada Review, Bank of Canada, vol. 2007(Summer), pages 33-45.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Chen, Zhengyang & Valcarcel, Victor J., 2021. "Monetary transmission in money markets: The not-so-elusive missing piece of the puzzle," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 131, pages 1-16.
- Dia, Enzo & VanHoose, David, 2023. "Macroprudential regulatory policies with a dominant-bank oligopoly and fringe banks," Journal of Economics and Business, Elsevier, vol. 124(C).
- Oscar Valencia & Daniel Osorio & Pablo Garay, 2017.
"The role of capital requirements and credit composition in the transmission of macroeconomic and financial shocks,"
Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 35(84), pages 203-221, December.
- Oscar Valencia & Daniel Osorio & Pablo Garay, 2017. "The role of capital requirements and credit composition in the transmission of macroeconomic and financial shocks," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 35(84), pages 203-221, December.
- Oscar Valencia & Daniel Osorio & Pablo Garay, 2016. "The Role of Capital Requirements and Credit Composition in the Transmission of Macroeconomic and Financial Shocks," Borradores de Economia 954, Banco de la Republica de Colombia.
- Filardo, Andrew J. & Siklos, Pierre L., 2020.
"The cross-border credit channel and lending standards surveys,"
Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 67(C).
- Andrew Filardo & Pierre Siklos, 2018. "The cross-border credit channel and lending standards surveys," BIS Working Papers 723, Bank for International Settlements.
- Chen, Zhengyang & Valcarcel, Victor J., 2021. "Monetary transmission in money markets: The not-so-elusive missing piece of the puzzle," Journal of Economic Dynamics and Control, Elsevier, vol. 131(C).
- Luis Fernando Colunga Ramos, 2024. "The Loan Puzzle in Mexico," Working Papers 2024-15, Banco de México.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95.
- den Haan, Wouter J. & Sumner, Steven W. & Yamashiro, Guy M., 2007.
"Bank loan portfolios and the monetary transmission mechanism,"
Journal of Monetary Economics, Elsevier, vol. 54(3), pages 904-924, April.
- Den Haan, Wouter & Sumner, Steven & Yamashiro, Guy, 2004. "Banks' Loan Portfolio and the Monetary Transmission Mechanism," CEPR Discussion Papers 4725, C.E.P.R. Discussion Papers.
- Gabriel Jiménez & Steven Ongena & José‐Luis Peydró & Jesús Saurina, 2014.
"Hazardous Times for Monetary Policy: What Do Twenty‐Three Million Bank Loans Say About the Effects of Monetary Policy on Credit Risk‐Taking?,"
Econometrica, Econometric Society, vol. 82(2), pages 463-505, March.
- Jiménez, Gabriel & Ongena, Steven & Peydró, José-Luis & Saurina, Jesús, 2014. "Hazardous times for monetary policy: what do twenty-three million bank loans say about the effects of monetary policy on credit risk-taking?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 82(2), pages 463-505.
- Gabriel Jiménez & Steven Ongena & José Luis Peydró & Jesús Saurina, 2009. "Hazardous times for monetary policy: What do twenty-three million bank loans say about the effects of monetary policy on credit risk-taking?," Working Papers 0833, Banco de España.
- Gabriel Jiménez & Steven Ongena & José-Luis Peydró & Jesús Saurina, 2017. "“In the Short Run Blasé, In the Long Run Risqué”," Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 18(3), pages 181-226, August.
- Jiménez, Gabriel & Ongena, Steven & Peydró, José-Luis & Saurina, Jesús, 2017.
"‘In the Short Run Blasé, in the Long Run Risqué’. On the Effects of Monetary Policy on Bank Credit Risk-Taking in the Short versus Long Run,"
EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 181-226.
- Gabriel Jimenez & Stevem Ongena & José-Luis Peydró & Jesús Saurina, 2017. "“In the short run blasé, In the long run risqué” On the effects of monetary policy on bank credit risk-taking in the short versus long run," Economics Working Papers 1699, Department of Economics and Business, Universitat Pompeu Fabra.
- Stefanos Papadamou & Vaggelis Arvanitis & Costas Siriopoulos, 2014. "A Bank Lending Channel that is Working via Housing or via Consumer Loans? Evidence from Europe," Bulletin of Applied Economics, Risk Market Journals, vol. 1(1), pages 15-34.
- Kashyap, Anil K. & Mojon, Benoît & Terlizzese, Daniele & Backé, Peter, 2002. "Monetary Transmission in the Euro Area : Where Do We Stand?," Working Paper Series 114, European Central Bank.
- Dilip M. Nachane & Prasad P. Ranade, 2005.
"Relationship banking and the credit market in India: An empirical analysis,"
Indira Gandhi Institute of Development Research, Mumbai Working Papers
2005-10, Indira Gandhi Institute of Development Research, Mumbai, India.
- Dilip M. Nachane & Prasad P. Ranade, 2005. ""Relationship Banking" And The Credit Market In India : An Empirical Analysis," Macroeconomics Working Papers 22371, East Asian Bureau of Economic Research.
- Dilip M. Nachane & Prasad P. Ranade, 2010. "Relationship Banking and the Credit Market in India," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 4(1), pages 1-23, January.
- Ravn, Søren Hove, 2016. "Endogenous credit standards and aggregate fluctuations," Journal of Economic Dynamics and Control, Elsevier, vol. 69(C), pages 89-111.
- Svensson, Emma, 2012. "Regional Effects of Monetary Policy in Sweden," Working Papers 2012:9, Lund University, Department of Economics, revised 01 Mar 2013.
- Annalisa Castelli & Gerald P. Dwyer & Iftekhar Hasan, 2006. "Bank relationships and small firms’ financial performance," FRB Atlanta Working Paper 2006-05, Federal Reserve Bank of Atlanta.
- Ferri, Giovanni & Murro, Pierluigi, 2015.
"Do firm–bank ‘odd couples’ exacerbate credit rationing?,"
Journal of Financial Intermediation, Elsevier, vol. 24(2), pages 231-251.
- Giovanni Ferri & Pierluigi Murro & Zeno Rotondi, 2010. "Do Firm-Bank `Odd Couples' Exacerbate Credit Rationing?," SERIES 0031, Dipartimento di Economia e Finanza - Università degli Studi di Bari "Aldo Moro", revised Jul 2010.
- Giovanni Ferri & Pierluigi Murro, 2012. "Do Firm-Bank ``Odd Couples'' Exacerbate Credit Rationing?," Working Papers CASMEF 1207, Dipartimento di Economia e Finanza, LUISS Guido Carli.
- Hubbard, R Glenn & Kuttner, Kenneth N & Palia, Darius N, 2002.
"Are There Bank Effects in Borrowers' Costs of Funds? Evidence from a Matched Sample of Borrowers and Banks,"
The Journal of Business, University of Chicago Press, vol. 75(4), pages 559-581, October.
- R. Glenn Hubbard & Kenneth N. Kuttner & Darius N. Palia, 1999. "Are there "bank effects" in borrowers' costs of funds? Evidence from a matched sample of borrowers and banks," Staff Reports 78, Federal Reserve Bank of New York.
- Jorge, José, 2009. "Why do bank loans react with a delay to shifts in interest rates? A bank capital explanation," Economic Modelling, Elsevier, vol. 26(5), pages 799-806, September.
- repec:ris:msuecw:2018_006 is not listed on IDEAS
- Dedola, Luca & Lippi, Francesco, 2005.
"The monetary transmission mechanism: Evidence from the industries of five OECD countries,"
European Economic Review, Elsevier, vol. 49(6), pages 1543-1569, August.
- Luca Dedola & Francesco Lippi, 2000. "The monetary transmission mechanism; evidence from the industries of five OECD countries," Temi di discussione (Economic working papers) 389, Bank of Italy, Economic Research and International Relations Area.
- Lippi, Francesco & Dedola, Luca, 2000. "The Monetary Transmission Mechanism: Evidence from the Industries of Five OECD Countries," CEPR Discussion Papers 2508, C.E.P.R. Discussion Papers.
- Luca Dedola & Francesco Lippi, 2000. "The Monetary Transmission Mechanism: Evidence from the Industry Data of Five OECD Countries," Econometric Society World Congress 2000 Contributed Papers 1833, Econometric Society.
- Dedola, L. & Lippi, F., 2000. "The Monetary Transmission Mechanism: Evidence from the Industries of Five OECD Countries," Papers 389, Banca Italia - Servizio di Studi.
- Ferri, Giovanni & Kalmi, Panu & Kerola, Eeva, 2014. "Does bank ownership affect lending behavior? Evidence from the Euro area," Journal of Banking & Finance, Elsevier, vol. 48(C), pages 194-209.
- Suvadee Rungsomboon, 2005. "Deterioration of Firm Balance Sheet and Investment Behavior: Evidence from Panel Data on Thai Firms," Asian Economic Journal, East Asian Economic Association, vol. 19(3), pages 335-356, September.
- repec:zbw:bofrdp:2009_036 is not listed on IDEAS
- Aysun, Uluc & Hepp, Ralf, 2013.
"Identifying the balance sheet and the lending channels of monetary transmission: A loan-level analysis,"
Journal of Banking & Finance, Elsevier, vol. 37(8), pages 2812-2822.
- Uluc Aysun & Ralf Hepp, 2011. "Identifying the balance sheet and lending channels of monetary transmission: A loan-level analysis," Working Papers 2011-01, University of Central Florida, Department of Economics.
- Ongena, Steven & Peydró, José-Luis & Jiménez, Gabriel & Saurina, Jesús, 2007. "Hazardous Times for Monetary Policy: What Do Twenty-Three Million Bank Loans Say About the Effects of Monetary Policy on Credit," CEPR Discussion Papers 6514, C.E.P.R. Discussion Papers.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:canjec:v:42:y:2009:i:3:p:1150-1175. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://doi.org/10.1111/(ISSN)1540-5982 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.