Ấn phẩm:
The impact of bank competition on bank loan supply of monetary policy transmission: The case of Vietnam
Tóm tắt
This research aims to examine the role of competition in the potency of monetary policy transmission through bank loan supply for a comprehensive sample of Vietnamese commercial banks covering the period of 2007–2020. Employing a two-step system generalized method of moments (S-GMM) to address the dynamics of the regression model and endogeneity, the finding statistically shows the presence of the bank lending mechanism that monetary policy could pass-through. Moreover, monetary policy ineffectively transmits via bank loan supply for banks with more competitive ability, represented by a high level of bank-specific Lerner index, while controlling other significant factors. These findings are consistent with the use of diverse instruments of monetary policy and the inclusion approach of bank competition variables one by one into the model. Some policy implications are provided by considering the role of bank-specific competition in driving the bank lending monetary policy transmission.
Mô tả
Tác giả
Hoang Hoa Son Tra
Nguyen Thanh Phuc
Nguyen Thanh Phuc
Tác giả khác
Người hướng dẫn
item.page.field1
Nhà xuất bản
Học viện Tài chính
Năm xuất bản
2022
ISSN tạp chí
Nhan đề tập
Từ khóa chủ đề
Bank competition , Monetary policy transmission , Bank lending channel , Vietnam
Địa chỉ truy cập
Vui lòng sử dụng ứng dụng DRM AOF để đọc tài liệu số
