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Will West European Banks Affect Monetary Control?

Will West European Banks Affect Monetary Control?
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Year:    2002

Author:    Borchert, Manfred

Credit and Capital Markets – Kredit und Kapital, Vol. 35 (2002), Iss. 1 : pp. 54–72

Abstract

The objective of this study is to analyze the business direction of the largest European banks in order to extract possible impacts regarding the efficacy of monetary control. In a cross-section analysis (using data of the largest 51 European banks) the influencing variables for granting loans by banks have been correlated, followed by a factor analysis (a) of balance sheet items in order to extract the importance of asset items, and (b) of income statements in order to extract the importance of off-balance items. As a result, loans will be refinanced increasingly by items not under monetary control. (JEL E44, G21)

Journal Article Details

Publisher Name:    Global Science Press

Language:    Multiple languages

DOI:    https://doi.org/10.3790/ccm.35.1.54

Credit and Capital Markets – Kredit und Kapital, Vol. 35 (2002), Iss. 1 : pp. 54–72

Published online:    2002-01

AMS Subject Headings:    Duncker & Humblot

Copyright:    COPYRIGHT: © Global Science Press

Pages:    19

Author Details

Borchert, Manfred

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Section Title Page Action Price
Manfred Borchert: Will West European Banks Affect Monetary Control? 54
I. Lending Beyond the Credit Channel 54
II. Strategies of West European Banks 55
III. Theoretical Considerations about the Activity of West European Banks 57
IV. Empirical Analysis 59
1. Regression Analysis 60
2. Factor Analysis of Balance Sheet Items 62
3. Factor Analysis of Income Statements 66
V. Concluding Remarks 67
References 69
Summary: Will West European Banks Affect Monetary Control? 72
Zusammenfassung: Werden westeuropäische Banken ein Geldmengenkontrolle umsetzen? 72
Résumé: Les grandes banques européennes influent-elles le contrôle monétaire? 72