Regional aspect of monetary transmission: the role of banks and firms

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F71226401%3A_____%2F12%3A%231002988" target="_blank" >RIV/71226401:_____/12:#1002988 - isvavai.cz</a>
Result on the web
<a href="http://disparity.vsb.cz/cz/elektronicky-casopis/" target="_blank" >http://disparity.vsb.cz/cz/elektronicky-casopis/</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Regional aspect of monetary transmission: the role of banks and firms
Original language description
This paper deals with the role of banks and firms in the monetary transmission from the regional point of view. In the first part, structural factors of asymmetric monetary policy impacts are classified. These factors are the size of firms, type of ownership, industry capital intensity, type of production, degree of regional economy openness and the structure of portfolios. The second part concerns financial factors that play an important role in the monetary transmission through the supply side of thecredit channel. These are spatial availability of the alternative financial sources, banks monitoring costs and health, ownership and size of banks in the regions. In the third part, the alternative endogenous money theory is shortly introduced. This approach considers regional money supply to be endogenous and adaptive to the regional money demand. The crucial role is played by the liquidity preference both at the supply and demand side of the credit market and by the stage of banking d
Czech name
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Czech description
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Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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