Theoretical and Applied Economics
No. 1 / 2014 (590)
Test of the bank lending channel: The case of Hungary
Yu HSING
Southeastern Louisiana University
Southeastern Louisiana University
Abstract. This study examines the bank lending channel for Hungary based on a simultaneous-equation model consisting of the demand for and supply of bank loans. The three-stage least squares method is applied. This paper finds evidence of a bank lending channel for Hungary. Expansionary monetary policy via a lower interbank rate or open market purchase of government bonds to increase bank reserves/deposits would increase bank loan supply.
Keywords: bank lending channel, federal funds rate, bank deposits, 3SLS.
Download the full article: 
Contents
Marin Dinu
- Stochastic evolutionary cartel formation
Darong DAI
Kunrong SHEN
- Earnings analysis at industry level
Amalia CRISTESCU
Larisa STANILĂ
Maria Denisa VASILESCU
- Analysis of the correlation between the real estate loan
stock and the average unit value of urban housing
Dumitra STANCU
Alexandru OPROIU
- Debt and economic growth: Is there any causal effect?
An empirical analysis with structural breaks
and Granger causality for Greece
Stylianou TASOS
- Behavioral finance: biased individual investment
decision making; like the company but dislike
the investment
Adrian MITROI
- The role of small and medium enterprises in improving
employment and in the post-crisis resumption
of economic growth in Romania
Mirela Ionela ACELEANU
Daniela Livia TRAŞCĂ
Andreea Claudia ŞERBAN
- The issue of competing currencies.
Case study – Bitcoin
Angela ROGOJANU
Liana BADEA
- The dimensions of the global financial crisis
Liliana CRĂCIUN
Manuela Violeta OCHEA
- Budgeting mechanisms in public administration –
meeting today’s and tomorrow’s development
challenges
Adelina DUMITRESCU
Tatiana-Camelia DOGARU
