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Thesis

Essays on the credit channel of monetary transmission

Abstract:

This thesis is a collection of three essays with contributions to the empirical literature on banking and the lending channel of monetary policy. The first essay on monetary policy identification addresses the endogeneity of the monetary policy measure employed in most bank level studies of the lending channel. It shows how an identified, exogenous measure of policy evokes different lending dynamics in U.S. commercial banks compared to the standard endogenous measure of monetary policy. Th...

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Institution:
University of Oxford
Oxford college:
St John's College
Department:
Social Sciences Division - Economics
Role:
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Supervisor
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Funding agency for:
Christoffer Koch
Publication date:
2011
Type of award:
DPhil
Level of award:
Doctoral
URN:
uuid:76bcdc03-c8da-4dde-aff9-7585d39e95bd
Local pid:
ora:11573

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