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Bank diversification and monetary policy |
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| Authors: | Hiroshi Gunji |
| Institution: | Faculty of Economics, Daito Bunka University, Tokyo, Japan |
| Abstract: | Using bank-level data in Asia, we examine the relationship between the effectiveness of monetary policy and the business diversification of banks. We find that bank diversification enhances the effect of monetary policy. |
| Keywords: | Bank monetary policy business diversification Asia |