Does bank efficiency affect the bank lending channel in China? |
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| Institution: | 1. Bank of Finland Institute for Emerging Economies (BOFIT), Snellmaninaukio, PO Box 160, FI-00101 Helsinki, Finland;2. EM Strasbourg Business School, University of Strasbourg, France;1. Department of Accounting, Faculty of Economics and Business, Universitas Gadjah Mada (Center for Management Accounting Studies and Micro, Small, and Medium Enterprises), Jalan Sosio Humaniora 1, Bulaksumur, Yogyakarta 55281, Indonesia;2. Macquarie Business School, Macquarie University, 4 Eastern Road, Macquarie Park, NSW 2109, Australia;1. Faculté des Sciences Economiques et de Gestion, Sfax University, Tunisia;2. Department of Economics and Statistics, University of Salerno, Italy;1. School of Business, Zhejiang University City College, Hangzhou, China;2. School of Management, Zhejiang University, Hangzhou, China;3. China Academy of Financial Research, Zhejiang University of Finance & Economics, Hangzhou, China |
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| Abstract: | This work examines the impact of bank efficiency on the bank lending channel in China. Using a sample of 148 Chinese banks over the period 2006–2017, we investigate how the reaction of the loan supply to monetary policy actions depends on a bank's efficiency. We find limited evidence that bank efficiency hampers the effectiveness of monetary policy transmission. In addition, bank efficiency does favor the transmission of monetary policy for banks with low loan-to-deposit ratios. These results suggest that bank efficiency may influence the bank lending channel in certain cases. |
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