WYZNACZNIKI POLITYKI KREDYTOWEJ BANKÓW W ŚWIETLE POLITYKI PIENIĘŻNEJ BANKU CENTRALNEGO
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Date
2005
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Wydział Prawa i Administracji UAM
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DETERMINANTS OF THE LENDING POLICY OF COMMERCIAL BANKS IN THE LIGHT OF THE CENTRAL BANK’S MONETARY POLICY
Abstract
The lending activity carried out by commercial banks is a medium through which impulses
sent by the central bank are transferred to their potential recipients. However, for this activity to
be effective, banks must operate in an appropriate external environment in which the institutions
creating the transmission mechanism behave in a certain prescribed manner.
In the paper we classify lending activities of banks as well as point out their considerable variety
and different scopes of influence depending on the phase (I-IV) of the transmission mechanism
of the lending channels.
We present relations between different factors that influence the functioning of the lending
channels.
We take into consideration external and internal, macro- and micro-economic, legal and institutional
factors. We pay a special attention to the factors influencing the efficiency of the transmission
mechanism of the central bank, which affect bank’s liquidity, the number of loans granted and
demand for household and business loans.
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Citation
Ruch Prawniczy, Ekonomiczny i Socjologiczny 67, 2005, z. 3, s. 129-150