New evidence on the lending channel

Journal of Money, Credit and Banking

Volumn 38, Issue 3, 2006, Pages 751-775

  Ashcraft, Adam B ^a  

^a FEDERAL RESERVE BANK OF NEW YORK   (United States)

Author keywords

Lending channel; Source of strength doctrine; Transmission mechanism of monetary policy

Indexed keywords

EID: 33744720326     PISSN: 00222879     EISSN: None     Source Type: Journal    
DOI: 10.1353/mcb.2006.0037     Document Type: Article

References (25)

1. Ashcraft, Adam (2003). "Are Bank Holding Companies a Source of Strength to their Subsidiaries? New Evidence on the Operation of Internal Capital Markets." Unpublished Working Paper.
2. Bernanke, Ben, and Alan Blinder (1992). "The Federal Funds Rate and the Channels of Monetary Transmission." The American Economic Review 82, 901-921.
3. Bernanke, Ben, and Cara Lown (1991). "The Credit Crunch." Brookings Papers on Economic Activity 0, 204-239.
4. Bernanke, Ben, Mark Gertler, and Simon Gilchrist (1996). "The Financial Accelerator and the Flight to Quality." The Review of Economics and Statistics LXXVIII, 1-15.
5. Caballero, Ricardo (1997). "Chapter 12: Aggregate Investment." Handbook of Macroeconomics, Vol. 1B, Part 4. Edited by John Taylor and Michael Woodford.
6. Driscoll, John (2000). "Does Bank Lending Affect Output? Evidence from US States." Working Paper 2003-31, Finance and Economics Discussion Series, Board of Governors of the Federal Reserve.
7. Fazzari, Steven, Glen Hubbard, and Bruce Petersen (1998). "Financing Constraints and Corporate Investment." Brookings Papers on Economic Activity, pp. 141-195.
8. Furfine, Craig (1999). "The Pricing of Bank Lending and Borrowing: Evidence from the Federal Funds Market." Bank of International Settlements Working Paper No. 62.
9. Grossman, Richard (2001). "Double Liability and Bank Risk Taking." Journal of Money, Credit, and Banking 33 (2, Part 1), 143-159.
10. Hannan, Timothy, and Gerald Hanweck (1988). "Bank Insolvency Risk and the Market for Large Certificates of Deposit." Journal of Money, Credit and Banking 20, 203-211.
11. Houston, Joel, Christopher James, and David Marcus (1997). "Capital Market Frictions and the Role of Internal Capital Markets in Banking." Journal of Financial Economics 46, 135-164.
12. James, Christopher, and David Smith (2000). "Are Banks Still Special? New Evidence on Their Role in the Corporate Capital-Raising Process." Journal of Applied Corporate Finance, 13, 52-63.
13. Jayaratne, Jith, and Don Morgan (2000). "Capital Market Frictions and Deposit Constraints at Banks." Journal of Money, Credit, and Banking 32, 74-92.
14. Jayaratne, Jith, and Philip Strahan (1996). "The Finance-Growth Nexus: Evidence from Bank Branch Deregulation." Quarterly Journal of Economics, pp. 639-669.
15. Kashyap, Anil, and Jeremy Stein (1995). "The Impact of Monetary Policy on Bank Balance Sheets." Carnegie-Rochester Conference Series on Public Policy 42, 151-195.
16. Kashyap, Anil, and Jeremy Stein (2000). "What Do One Million Observations on Banks Have to Say About the Transmission of Monetary Policy." American Economic Review, 90, 407-428.
17. Keeley, Michael (1990). "Deposit Insurance, Risk, and Market Power in Banking." American Economic Review 80, 1183-1200.
18. Kishan, Ruby, and Timothy Opiela (2000). "Bank Size, Bank Capital, and the Bank Lending Channel." Journal of Money, Credit, and Banking 32, 121-141.
19. Merton, Robert (1977). "An Analytic Derivation of the Cost of Deposit Insurance and Loan Guarantees." Journal of Banking and Finance 1, 3-11.
20. Newey, Whitney, and Daniel McFadden (1994). "Large Sample Estimation and Hypothesis Testing." Handbook of Econometrics, Vol. IV. Edited by Robert Engle and Daniel McFadden.
21. Peek, Joe, and Eric Rosengren (1998). "Bank Consolidation and Small Business Lending: It's Not Just Bank Size that Matters." Journal of Banking and Finance 22, 799-819.
22. Peek, Joe, and Eric Rosengren (1997). "The International Transmission of Financial Shocks: The Case of Japan." American Economic Review 87, 495-505.
23. Sharpe, Steven (1995). "Bank Capitalization, Regulation, and the Credit Crunch: A Critical Review of the Research Findings." Working Paper 95-20, Finance and Economics Discussion Series, Board of Governors of the Federal Reserve.
24. Van den Heuvel, Skander (2002). "Banking Conditions and the Effects of Monetary Policy: Evidence from U.S. States." Unpublished Working Paper.
25. Welsch, Roy, and Edwin Kuh (1977). "Technical Report 923-77: Linear Regression Diagnostics." Cambridge, MA: Sloan School of Management, Massachusetts Institute of Technology.