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Basel II and the money supply process: some empirical evidence from the Greek banking system

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  • Yannis Panagopoulos

Abstract

The purpose of this article is to examine the Basel II influence on the money endogeneity process in the Greek banking system. The importance of equity, through Basel II directives, is initially discussed by creating and applying a 'new credit (equity) multiplier'. Then a new multivariate loan model, which contains bank's equity as explanatory variable, is briefly presented and next tested. From the econometrics, it is obvious that although the equity multiplier is not operative, the loan model favours Structuralism regarding the Greek monetary system and its money supply process.

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  • Yannis Panagopoulos, 2010. "Basel II and the money supply process: some empirical evidence from the Greek banking system," Applied Economics Letters, Taylor & Francis Journals, vol. 17(10), pages 973-976.
    • Handle: RePEc:taf:apeclt:v:17:y:2010:i:10:p:973-976
    DOI: 10.1080/13504850802599482
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    1. Lutkepohl, Helmut & Reimers, Hans-Eggert, 1992. "Granger-causality in cointegrated VAR processes The case of the term structure," Economics Letters, Elsevier, vol. 40(3), pages 263-268, November.
    2. Ersi Athanassiou, 2007. "Prospects for Household Borrowing in Greece and their Importance for Growth," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 5(1), pages 89-101.
    3. Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
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    1. Economou, Fotini & Panagopoulos, Yannis, 2023. "Assessing the credit creation process under the Basel III framework: Some evidence from the Eurozone," Finance Research Letters, Elsevier, vol. 51(C).
    2. Xing, Xiaoyun & Wang, Mingsong & Wang, Yougui & Stanley, H. Eugene, 2020. "Credit creation under multiple banking regulations: The impact of balance sheet diversity on money supply," Economic Modelling, Elsevier, vol. 91(C), pages 720-735.
    3. Stelios Karagiannis & Yannis Panagopoulos & Aristotelis Spiliotis, 2011. "The Basel II Influence on the Money Supply Process: A Comparative Analysis of the Eurozone and the United States," Chapters, in: Claude Gnos & Louis-Philippe Rochon (ed.), Credit, Money and Macroeconomic Policy, chapter 9, Edward Elgar Publishing.
    4. Xiong, Wanting & Wang, Yougui, 2018. "The impact of Basel III on money creation: A synthetic theoretical analysis," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 12, pages 1-34.

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