The effects of local banking market structure on the banking-lending channel of monetary policy
By: Robert M. Adams and Dean F. Amel.
Contributors: Amel, Dean F.
Series: Finance and economics discussion series ;; 2005-16; Finance and economics discussion series (Online) ;; 2005-16.
Publisher: Federal Reserve Board
Published: 2005
Place of publication: Washington, D.C
Language: eng
Format: Electronic resource
Description: "We study the relationship between banking competition and the transmission of monetary policy through the bank lending channel.  Using business small loan origination data provided from the Community Reinvestment Act from 1996-2002 in our analysis, we are able to reaffirm the existence of the bank lending channel of monetary transmission.  Moreover, we find that the impact of monetary policy on loan originations is weaker in more concentrated markets"--Federal Reserve Board web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 4/19/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.