The Impact of Foreign Banks on Monetary Policy Transmission During the Global Financial Crisis of 2008-2009: Evidence from Korea

被引：4

作者：

Wu, Ji ^{[1
]}

Lim, Hosung ^{[2
]}

Jeon, Bang Nam ^{[3
]}

机构：

[1] Southwestern Univ Finance & Econ, Res Inst Econ & Management, Collaborat Innovat Ctr Financial Secur, Chengdu, Peoples R China

[2] Bank Korea, Econ Res Inst, Seoul, South Korea

[3] Drexel Univ, Sch Econ, Bennett S LeBow Coll Business, Philadelphia, PA 19104 USA

来源：

EMERGING MARKETS FINANCE AND TRADE | 2016年 / 52卷 / 07期

关键词：

financial crisis; foreign banks; monetary policy transmission; LENDING CHANNEL; INTERNATIONAL TRANSMISSION; GREAT RECESSION; PANEL-DATA; SHOCKS; MARKETS; MODELS;

D O I：

10.1080/1540496X.2016.1152796

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This article examines the impact of foreign banks on the monetary policy transmission mechanism in the Korean economy during the period from 2000 to 2012, with a specific focus on the lending behavior of banks with different types of ownership. Using bank-level panel data of the banking system in Korea, we present consistent evidence on the buffering impact that the foreign banks, especially foreign bank branches including US bank branches, on the effectiveness of the monetary policy transmission mechanism in Korea from the bank-lending channel perspective during the global financial crisis of 2008-2009.

引用

页码：1574 / 1586

页数：13

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