The bank lending channel of monetary policy: identification and estimation using Portuguese micro bank data



Kashyap, A. K. and Stein, J. C., (2000), “What do a million observations on banks say
about the transmission of monetary policy?”, The American Economic Review,
Vol.90, no.3, 407-428;

Kashyap, A. K., Stein, J. C. and Wilcox D. W., (1993), “Monetary policy and credit
conditions: evidence from composition of external finance”, The American
Economic Review, Vol.83, No.1, 78-98;

Kishan R. P. and Opiela T. P., (2000), “Bank size, bank capital, and the bank lending
channel”, Journal of Money, Credit, and Banking, Vol.32, No.1, 121-141;

Pedroni, P., (1996), “Fully modified OLS for heterogeneous cointegrated panels and the
case of purchasing power parity”, Working Paper, Department of Economics,
Indiana University;

Pedroni, P., (1997), “Panel cointegration: Asymptotic and finite sample properties of
Pooled Time Series Tests with an Application to the PPP hypothesis”, Working
Paper, Department of Economics, Indiana University;

Pedroni, P., (1999), “Critical values for cointegration tests in heterogeneous panels with
multiple regressors”, Oxford Bulletin of Economics and Statistics, Special
Issue,653-670;

Pesaran, M. H. and Y. Shin, (1995), “Estimating long-run relationships from dynamic
heterogeneous panels”, Journal of Econometrics, 68, 79-113;

Pesaran, M.H., Y. Shin and R.P. Smith, (1999), “Pooled mean group estimation of
dynamic heterogeneous panels”, Journal of the American Statistical Association,
Vol.94, No.446, 621-634;

Phillips, P.C.B. and B. Hansen, (1990), “Statistical inference in instrumental variables
regression with I(1) processes”, Review of Economic Studies, 57, 99-125;

Phillips, P.C.B. and H. R. Moon, (1999), “Linear regression limit theory for nonstationary
panel data”, Econometrica, Vol.67, No.5, 1057-1111;

Phillips, P.C.B. and H. R. Moon, (2000), “Nonstationary panel data analysis: an overview
of some recent developments”, Econometric Reviews, 19(3), 263-286;

Ramey, V., (1993), “How important is the credit channel in the transmission of monetary
policy?”, Carnegie-Rochester Conference Series on Public Policy, 39, 1-45;

Romer, C. D. and Romer, D. H., (1990), “New evidence on the monetary transmission
mechanism”, Brookings papers on economic activity, William C. Brainard and
George L. Perry (ed.); 149-213;

Stein, J. C., (1998), “An adverse-selection model of bank asset and liability management
with implications for the transmission of monetary policy”, RAND Journal of
Economics, Vol. 29, N0. 3, 466-486;

38



More intriguing information

1. An Efficient Secure Multimodal Biometric Fusion Using Palmprint and Face Image
2. 5th and 8th grade pupils’ and teachers’ perceptions of the relationships between teaching methods, classroom ethos, and positive affective attitudes towards learning mathematics in Japan
3. Sustainability of economic development and governance patterns in water management - an overview on the reorganisation of public utilities in Campania, Italy, under EU Framework Directive in the field of water policy (2000/60/CE)
4. The name is absent
5. LOCAL PROGRAMS AND ACTIVITIES TO HELP FARM PEOPLE ADJUST
6. Quelles politiques de développement durable au Mali et à Madagascar ?
7. The use of formal education in Denmark 1980-1992
8. The name is absent
9. Regional specialisation in a transition country - Hungary
10. KNOWLEDGE EVOLUTION