The effect of capital requirement regulation on the transmission of monetary policy: Evidence from Austria

Journal article


Publication Details

Author(s): Merkl C, Engler P, Jokipii T, Vinhas de Souza L, Rovira Kaltwasser P
Journal: Empirica
Publisher: Kluwer Academic Publishers
Publication year: 2007
Volume: 34
Journal issue: 5
Pages range: 411-425
ISSN: 0340-8744
eISSN: 1573-6911
Language: English


Abstract


This paper analyzes the role of banks' regulatory capitalization in the transmission of monetary policy. We use a confidential dataset for Austrian banks spanning from the first quarter of 1997 to the fourth quarter of 2003. We find evidence that Austrian banks react in an asymmetric way to monetary policy depending on their regulatory excess capitalization, i.e. low capitalized banks react more restrictively to a monetary tightening than their highly capitalized peers. 



FAU Authors / FAU Editors

Merkl, Christian Prof. Dr.
Lehrstuhl für Volkswirtschaftslehre, insbesondere Makroökonomik


How to cite

APA:
Merkl, C., Engler, P., Jokipii, T., Vinhas de Souza, L., & Rovira Kaltwasser, P. (2007). The effect of capital requirement regulation on the transmission of monetary policy: Evidence from Austria. Empirica, 34(5), 411-425. https://dx.doi.org/10.1007/s10663-007-9041-4

MLA:
Merkl, Christian, et al. "The effect of capital requirement regulation on the transmission of monetary policy: Evidence from Austria." Empirica 34.5 (2007): 411-425.

BibTeX: 

Last updated on 2018-19-04 at 03:08