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Article Dans Une Revue Journal of Banking and Finance Année : 2010

The effect of bank ownership and deposit insurance on monetary policy transmission

Résumé

In this paper we develop a theoretical model with a representative bank whose ownership is shared between state and private sector. The bank faces a risk of failure and provides private and public explicit deposit insurance. Banks owned to a larger extent by the government are more able to counteract a restrictive monetary policy because of their capacity to raise additional volume of deposits. Therefore, the greater the state's share in the bank ownership, the less the impact of a monetary tightening on the level of loan supply.

Dates et versions

halshs-00908863 , version 1 (25-11-2013)

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Natalia Andriès, Steve Billon. The effect of bank ownership and deposit insurance on monetary policy transmission. Journal of Banking and Finance, 2010, 34 (12), pp.3050-3054. ⟨10.1016/j.jbankfin.2010.07.010⟩. ⟨halshs-00908863⟩
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