Effects of bank characteristics on transmission of monetary policy through bank lending channel in Vietnam

Credits from commercial banks influence various economic components, such as investment and consumption of durables and changes in monetary policy and therefore, affect the economy through supply of credits by commercial banks. This paper explores transmission of monetary policy through commercial...

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Tác giả chính:	Nguyen Phuc canh
Đồng tác giả:	Nguyen Hong Quan
Định dạng:	Journal Article
Thông tin xuất bản:	Trường Đại học Kinh tế Tp. Hồ Chí Minh 2017
Chủ đề:	Monetary policy Transmission Credit Bank characteristics
Truy cập trực tuyến:	http://digital.lib.ueh.edu.vn/handle/UEH/55227 http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=2f0e32cc-5a68-45d7-ab8d-2acfe1d2cc4b http://doi.org/10.24311/jed/2014.219.1.02
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institution	Đại học Kinh tế Thành phố Hồ Chí Minh
collection	DSpaceUEH
topic	Monetary policy Transmission Credit Bank characteristics
spellingShingle	Monetary policy Transmission Credit Bank characteristics Nguyen Phuc canh Effects of bank characteristics on transmission of monetary policy through bank lending channel in Vietnam
description	Credits from commercial banks influence various economic components, such as investment and consumption of durables and changes in monetary policy and therefore, affect the economy through supply of credits by commercial banks. This paper explores transmission of monetary policy through commercial bank lending channel in Vietnam in 2003-2012 by examining reaction of each bank to changes in monetary policy. Authors use the GMM (generalized method of moments) for panel data gathered from financial statements of commercial banks in 2003-2012. Results show that GMM helps detect the existence of bank lending channel in the transmission mechanism in Vietnam, and bank characteristics relating to equity capital, liquidity assets and risk degrees affect their flexibility when responding to changes in monetary policy in the surveyed period.
author2	Nguyen Hong Quan
author_facet	Nguyen Hong Quan Nguyen Phuc canh
format	Journal Article
author	Nguyen Phuc canh
author_sort	Nguyen Phuc canh
title	Effects of bank characteristics on transmission of monetary policy through bank lending channel in Vietnam
title_short	Effects of bank characteristics on transmission of monetary policy through bank lending channel in Vietnam
title_full	Effects of bank characteristics on transmission of monetary policy through bank lending channel in Vietnam
title_fullStr	Effects of bank characteristics on transmission of monetary policy through bank lending channel in Vietnam
title_full_unstemmed	Effects of bank characteristics on transmission of monetary policy through bank lending channel in Vietnam
title_sort	effects of bank characteristics on transmission of monetary policy through bank lending channel in vietnam
publisher	Trường Đại học Kinh tế Tp. Hồ Chí Minh
publishDate	2017
url	http://digital.lib.ueh.edu.vn/handle/UEH/55227 http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=2f0e32cc-5a68-45d7-ab8d-2acfe1d2cc4b http://doi.org/10.24311/jed/2014.219.1.02
work_keys_str_mv	AT nguyenphuccanh effectsofbankcharacteristicsontransmissionofmonetarypolicythroughbanklendingchannelinvietnam
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spelling	oai:localhost:UEH-552272019-11-25T03:58:09Z Effects of bank characteristics on transmission of monetary policy through bank lending channel in Vietnam Nguyen Phuc canh Nguyen Hong Quan Nguyen Quoc Anh Monetary policy Transmission Credit Bank characteristics Credits from commercial banks influence various economic components, such as investment and consumption of durables and changes in monetary policy and therefore, affect the economy through supply of credits by commercial banks. This paper explores transmission of monetary policy through commercial bank lending channel in Vietnam in 2003-2012 by examining reaction of each bank to changes in monetary policy. Authors use the GMM (generalized method of moments) for panel data gathered from financial statements of commercial banks in 2003-2012. Results show that GMM helps detect the existence of bank lending channel in the transmission mechanism in Vietnam, and bank characteristics relating to equity capital, liquidity assets and risk degrees affect their flexibility when responding to changes in monetary policy in the surveyed period. 2017-09-14T11:02:16Z 2017-09-14T11:02:16Z 2014 Journal Article 1859 -1124 http://digital.lib.ueh.edu.vn/handle/UEH/55227 http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=2f0e32cc-5a68-45d7-ab8d-2acfe1d2cc4b http://doi.org/10.24311/jed/2014.219.1.02 Journal of Economic Development JED, No. 219 Aballey, F.B. (2009), Bad Loan Portfolio: A Case ofADB, ADB. ADB (2012),Key Indicators for Asia and the Pacific2012, ADB. Altunbas,Y., L. Gambacorta & D. Marques-Ibanez (2009), “Securitisation and the BankLending Channel”, European EconomicReview, forthcoming. Altunbas,Y., L. Gambacorta & D. Marques-Ibanez (2010), “Bank Risk and MonetaryPolicy”, Journal of Financial Stability6, pp. 121–129. 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Effects of bank characteristics on transmission of monetary policy through bank lending channel in Vietnam

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