Merkl C, Engler P, Jokipii T, Vinhas de Souza L, Rovira Kaltwasser P (2007)
Publication Language: English
Publication Status: Published
Publication Type: Journal article
Publication year: 2007
Publisher: Kluwer Academic Publishers
Book Volume: 34
Pages Range: 411-425
Journal Issue: 5
DOI: 10.1007/s10663-007-9041-4
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.
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.
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