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Credit rationing and monetary transmission : evidence for Portugal

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Resumo:The hypothetical existence of rationing in the credit market is of paramount importance to understand the transmission mechanism of monetary policy. Two indirect empirical tests of credit rationing are presented and discussed using Portuguese data. The first test is a stickiness test to the response of loan rates to changes in money market conditions. For the second test a VAR is estimated in orderto analyse the implied causality relations.
Autores principais:St. Aubyn, Miguel
Outros Autores:Afonso, António
Assunto:Credit Rationing Credit Market Banking Causality Test Portugal
Ano:1998
País:Portugal
Tipo de documento:working paper
Tipo de acesso:acesso aberto
Instituição associada:Universidade de Lisboa
Idioma:inglês
Origem:Repositório da Universidade de Lisboa
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author St. Aubyn, Miguel
author2 Afonso, António
author2_role author
author_facet St. Aubyn, Miguel
Afonso, António
author_role author
contributor_name_str_mv Repositório Científico de Acesso Aberto da ULisboa
country_str PT
creators_json_txt [{\"Person.name\":\"St. Aubyn, Miguel\"},{\"Person.name\":\"Afonso, António\"}]
datacite.contributors.contributor.contributorName.fl_str_mv Repositório Científico de Acesso Aberto da ULisboa
datacite.creators.creator.creatorName.fl_str_mv St. Aubyn, Miguel
Afonso, António
datacite.date.Accepted.fl_str_mv 1998-01-01T00:00:00Z
datacite.date.available.fl_str_mv 2021-12-14T16:34:28Z
datacite.date.embargoed.fl_str_mv 2021-12-14T16:34:28Z
datacite.rights.fl_str_mv http://purl.org/coar/access_right/c_abf2
datacite.subjects.subject.fl_str_mv Credit Rationing
Credit Market
Banking
Causality Test
Portugal
datacite.titles.title.fl_str_mv Credit rationing and monetary transmission : evidence for Portugal
dc.contributor.none.fl_str_mv Repositório Científico de Acesso Aberto da ULisboa
dc.creator.none.fl_str_mv St. Aubyn, Miguel
Afonso, António
dc.date.Accepted.fl_str_mv 1998-01-01T00:00:00Z
dc.date.available.fl_str_mv 2021-12-14T16:34:28Z
dc.date.embargoed.fl_str_mv 2021-12-14T16:34:28Z
dc.format.none.fl_str_mv application/pdf
dc.identifier.none.fl_str_mv http://hdl.handle.net/10400.5/22723
dc.language.none.fl_str_mv eng
dc.publisher.none.fl_str_mv ISEG - Departamento de Economia
dc.rights.none.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.subject.none.fl_str_mv Credit Rationing
Credit Market
Banking
Causality Test
Portugal
dc.title.fl_str_mv Credit rationing and monetary transmission : evidence for Portugal
dc.type.none.fl_str_mv http://purl.org/coar/resource_type/c_8042
description The hypothetical existence of rationing in the credit market is of paramount importance to understand the transmission mechanism of monetary policy. Two indirect empirical tests of credit rationing are presented and discussed using Portuguese data. The first test is a stickiness test to the response of loan rates to changes in money market conditions. For the second test a VAR is estimated in orderto analyse the implied causality relations.
dirty 0
eu_rights_str_mv openAccess
format workingPaper
fulltext.url.fl_str_mv https://repositorio.ulisboa.pt/bitstreams/d96a15b9-734a-479b-9bfb-5d6abef33496/download
id ul_b5458bc87f7e6f55f3fa5dc88f864f2e
identifier.url.fl_str_mv http://hdl.handle.net/10400.5/22723
instacron_str ul
institution Universidade de Lisboa
instname_str Universidade de Lisboa
language eng
network_acronym_str ul
network_name_str Repositório da Universidade de Lisboa
oai_identifier_str oai:repositorio.ulisboa.pt:10400.5/22723
organization_str_mv urn:organizationAcronym:ul
person_str_mv St. Aubyn, Miguel
Afonso, António
publishDate 1998
publisher.none.fl_str_mv ISEG - Departamento de Economia
reponame_str Repositório da Universidade de Lisboa
repository_id_str urn:repositoryAcronym:ul
service_str_mv urn:repositoryAcronym:ul
spelling engISEG - Departamento de Economiapt_PTThe hypothetical existence of rationing in the credit market is of paramount importance to understand the transmission mechanism of monetary policy. Two indirect empirical tests of credit rationing are presented and discussed using Portuguese data. The first test is a stickiness test to the response of loan rates to changes in money market conditions. For the second test a VAR is estimated in orderto analyse the implied causality relations.application/pdfpt_PTCredit rationing and monetary transmission : evidence for PortugalSt. Aubyn, MiguelAfonso, AntónioHostingInstitutionOrganizationalRepositório Científico de Acesso Aberto da ULisboae-mailmailto:repositorio@reitoria.ulisboa.ptrepositorio@reitoria.ulisboa.pt2021-12-14T16:34:28Z19981998-01-01T00:00:00ZHandlehttp://hdl.handle.net/10400.5/22723http://purl.org/coar/access_right/c_abf2open accessCredit RationingCredit MarketBankingCausality TestPortugal1178094 bytesother research producthttp://purl.org/coar/resource_type/c_8042working paperhttp://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://repositorio.ulisboa.pt/bitstreams/d96a15b9-734a-479b-9bfb-5d6abef33496/download
spellingShingle Credit rationing and monetary transmission : evidence for Portugal
St. Aubyn, Miguel
Credit Rationing
Credit Market
Banking
Causality Test
Portugal
status SINGLETON
subject.fl_str_mv Credit Rationing
Credit Market
Banking
Causality Test
Portugal
title Credit rationing and monetary transmission : evidence for Portugal
title_full Credit rationing and monetary transmission : evidence for Portugal
title_fullStr Credit rationing and monetary transmission : evidence for Portugal
title_full_unstemmed Credit rationing and monetary transmission : evidence for Portugal
title_short Credit rationing and monetary transmission : evidence for Portugal
title_sort Credit rationing and monetary transmission : evidence for Portugal
topic Credit Rationing
Credit Market
Banking
Causality Test
Portugal
topic_facet Credit Rationing
Credit Market
Banking
Causality Test
Portugal
url http://hdl.handle.net/10400.5/22723
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