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Industry Effects of Bank Lending in Germany

  • I. Arnold
  • C.J.M. Kool
  • K. Raabe

We investigate the industry dimension of bank lending and its role in the monetary transmission mechanism in Germany. We use dynamic panel methods to estimate bank lending functions for eight industries for the period 1992-2002. Our evidence shows that bank lending growth predominantly depends on the industry composition of bank loan portfolios, both through the underlying cyclical fluctuations in industry-specific bank credit demand and through industry-specific credit supply effects.

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File URL: http://dspace.library.uu.nl/bitstream/handle/1874/218745/11-21.pdf
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Paper provided by Utrecht School of Economics in its series Working Papers with number 11-21.

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Length: 27 pages
Date of creation: 2011
Date of revision:
Handle: RePEc:use:tkiwps:1121
Contact details of provider: Postal: P.O. Box 80125, NL-3508 TC Utrecht
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Web page: http://www.uu.nl/EN/faculties/leg/organisation/schools/schoolofeconomicsuse/Pages/default.aspxEmail:


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  27. Favero, Carlo A. & Flabbi, Luca & Giavazzi, Francesco, 1999. "The Transmission Mechanism of Monetary Policy in Europe: Evidence from Banks' Balance Sheets," CEPR Discussion Papers 2303, C.E.P.R. Discussion Papers.
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