Title: The impact of bank lending channel on separate loan portfolios in Poland

Authors: Filip Świtała; Iwona Kowalska; Karolina Malajkat

Addresses: Faculty of Management, University of Warsaw, Krakowskie Przedmieście 26/28, 00-927 Warsaw, Poland ' Faculty of Management, University of Warsaw, Krakowskie Przedmieście 26/28, 00-927 Warsaw, Poland ' Collegium of Socio-Economics, Warsaw School of Economics, al. Niepodległości 162, 02-554 Warsaw, Poland

Abstract: The paper supplements the research on the effectiveness of monetary policy transmission - especially through the bank lending channel. The current study focuses on assessing the transmission of monetary impulses through individual loan portfolios, while distinguishing between the fact that they were granted by commercial and cooperative banks. Finding the answer to the question how a change in the central bank's interest rates may determine a change in the volume of loans in the economy remains the core of the research.

Keywords: loan supply; monetary policy; bank lending channel; impulse response.

DOI: 10.1504/IJMEF.2021.120033

International Journal of Monetary Economics and Finance, 2021 Vol.14 No.6, pp.572 - 588

Received: 15 Apr 2020
Accepted: 13 Apr 2021
Published online: 04 Jan 2022 *

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