Corporate market power and monetary policy transmission in Asia

Corporate Market Power and Monetary Policy Transmission in Asia

Rising market power impairs the effective transmission of monetary policy.

Highlights. •. High corporate market power in Asia weakens monetary policy effectiveness. •. Real sales of low market power firms in competitive markets respond ...

Corporate market power and monetary policy transmission in Asia

transmission mechanism. Keywords: corporate market power, monetary policy transmission, Asia. JEL Classification: E52, D43. Page 5. 2. 1 Introduction. Market ...

Corporate Market Power and Monetary Policy Transmission in Asia

market power affects monetary policy transmission, using a comprehensive firm-level dataset for 11 advanced and emerging economies in Asia. 6 ...

Rising corporate market power in Asia threatens monetary policy ...

Corporate market power has increased in Asia during the past decade, which can compromise the effectiveness of monetary policy.

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Market power and monetary policy transmission - Wiley Online Library

We show that firms' market power dampens the response of their output to monetary policy shocks, using firm-level data for the USA and a ...

Market Power and Monetary Policy Transmission

We show that firms' market power dampens the response of their output to monetary policy shocks, using firm-level data for the United States.

Market power and monetary policy transmission - IDEAS/RePEc

We show that firms' market power dampens the response of their output to monetary policy shocks, using firm‐level data for the USA and a large cross‐country ...

Market Power and Monetary Policy Transmission | Request PDF

Request PDF | On Jan 1, 2021, Davide Furceri and others published Market Power and Monetary Policy Transmission | Find, read and cite all the research you ...

corporate market power Archives - Asia Pathways

Market power has been a long-standing concern for many policy makers and academic researchers as it greatly matters for economic welfare and ...

Does bank competition affect the transmission mechanism of ...

Results show that higher market power in the deposit and loan markets weakens the impact of monetary policy on bank loan supply. The findings of this study ...

Market Power, Financial Constraints, and Monetary Transmission

There is growing evidence that corporate market power is increasing and affecting monetary policy transmission. This paper develops a partial equilibrium ...

Bank Market Power and Monetary Policy Transmission | Request PDF

... In a comparative analysis between the Euro area and the United States, Brissimis et al. (2014) show that banks with low market power are more sensitive to ...

Fintech, Market Power and Monetary Transmission

(2020), who examine the effect of monetary policy on nonbanks' lending activities using data from three key credit markets: corporate loans, ...

Staff Working Paper No. 798 - Market power and monetary policy

To the extent these channels do operate, they reinforce the institutional case for independent central banks charged with pursuing well-defined inflation ...

The influence of market power on liquidity creation of commercial ...

As side effects, our study finds that bank capital decreases liquidity creation, demonstrating the support for the “financial fragility.” The ...

3rd CBSL-ADBI-APAEA Workshop Emerging Issues for ...

Title: Corporate market power and monetary policy transmission in Asia. Authors: Nuobu Renzhi (CUEB) and John Beirne (ADBI). Presenters: Nuobu ...

Monetary policy transmission in emerging markets

We find that monetary policy transmission in emerging market economies operates similarly to that in advanced economies. Monetary tightening ...

Deciphering the black-box of monetary policy transmission in South ...

Results ─ The main findings are as follows: 1) The study finds evidence of both the bank lending and bank capital channels in South Asia. The analysis reveals a ...