Bank lending, macroeconomic conditions and financial uncertainty: Evidence from Malaysia

Anderson, 2003, Modelling and forecasting realized volatility, Econometrica, 71, 579, 10.1111/1468-0262.00418 Ang, 2010, Determinants of private investment in Malaysia: what causes the post crisis slumps?, Contemporary Economic Policy, 28, 378, 10.1111/j.1465-7287.2009.00155.x Athukorala, 2001 Bacchetta, 2000, The impact of monetary policy and banks’ balance sheet: some international evidence, Applied Financial Economics, 10, 15, 10.1080/096031000331888 Baum, 2009, The second moments matter: the impact of macroeconomic uncertainty on the allocation of loanable funds, Economics Letters, 102, 87, 10.1016/j.econlet.2008.11.019 Baum, C., Caglayan, M., Ozkan, N., 2005. The second moments matter: the response of bank lending behaviour to macroeconomic uncertainty. Boston College, Working Paper No. 521. Beaudry, 2001, Monetary instability, the predictability of prices, and the allocation of investment: an investigation using UK panel data, American Economic Review, 91, 648, 10.1257/aer.91.3.648 Bernanke, 1992, The federal funds rate and the channels of monetary transmission, American Economic Review, 82, 901 Bernanke, 1995, Inside the black box: the credit channel of monetary policy transmission, Journal of Economic Perspectives, 9, 27, 10.1257/jep.9.4.27 Borio, C., Lowe, P., 2002. Asset prices, financial and monetary stability: exploring the nexus. BIS Working Paper no. 114. Borio, C., Lowe, P., 2004. Securing sustainable price stability: should credit come back from the wilderness? BIS Working Paper no. 157. Calza, 2003, Modelling the demand for loans to the private sector in the euro area, Applied Economics, 35, 107, 10.1080/00036840210161837 Calza, 2004, Credit in the euro area: an empirical investigation using aggregate data, Quarterly Review of Economics and Finance, 46, 211, 10.1016/j.qref.2005.02.001 Chen, 2001, Asset price fluctuations in Taiwan: evidence from stock and real estate prices, 1973 to 1992, Journal of Asian Economics, 12, 215, 10.1016/S1049-0078(01)00083-5 Collyns, C., Senhadji, A., 2002. Lending booms, real estate bubbles and the Asian crisis. IMF Working Paper, WP/02/20. Corsetti, G., Pesenti, P., Roubini, R., 1998. What caused the Asian currency and financial crisis? Parts I and II, NBER Working Papers, No. 6833 and No. 6844. Fase, 1995, The demand for commercial bank loans and the lending rate, European Economic Review, 39, 99, 10.1016/0014-2921(93)E0071-R Gerlach, 2005, Bank lending and property prices in Hong Kong, Journal of Banking and Finance, 29, 461, 10.1016/j.jbankfin.2004.05.015 Gimeno, 2010, The relationship between house prices and house purchase loans: the Spanish case, Journal of Banking and Finance, 34, 1849, 10.1016/j.jbankfin.2009.12.011 Goldstein, 1998 Goodhart, 2007 Hofmann, 2004, The determinants of bank credit in industrialized countries: do property prices matter?, International Finance, 7, 203, 10.1111/j.1367-0271.2004.00136.x Inoguchi, 2011, Influence of real estate prices on domestic bank loans in Southeast Asia, Asian-Pacific Economic Literature, 25, 151, 10.1111/j.1467-8411.2011.01308.x Iturriaga, 2000, More on the credit channel of monetary policy transmission: an international comparison, Applied Financial Economics, 10, 423, 10.1080/09603100050031552 Ibrahim, 2011, Level and volatility of stock prices and aggregate investment: the case of Thailand, Global Economic Review, 40, 445, 10.1080/1226508X.2011.626155 Ibrahim, 2006, Stock prices and bank loan dynamics in a developing country: the case of Malaysia, Journal of Applied Economics, 9, 71, 10.1080/15140326.2006.12040638 Johansen, 1988, Statistical analysis of cointegrating vectors, Journal of Economic Dynamics and Control, 12, 231, 10.1016/0165-1889(88)90041-3 Johansen, 1990, Maximum likelihood estimation and inference on cointegration – with application to the demand for money, Oxford Bulletin of Economics and Statistics, 52, 169, 10.1111/j.1468-0084.1990.mp52002003.x Jongwanich, 2008, Private investment: trend and determinants in Thailand, World Development, 36, 1709, 10.1016/j.worlddev.2008.01.010 Kamin, 1999, The current international financial crisis: how much is new?, Journal of International Money and Finance, 18, 501, 10.1016/S0261-5606(99)00025-X Kaminsky, G., Reinhart, C.M., 1996. The twin crises: the causes of banking and balance of payments problems. Board of Governors of the Federal Reserve System International Finance Discussion Papers, No. 544, March. Kasyap, 2000, What do a million observations on banks say about the transmission of monetary policy?, American Economic Review, 90, 407, 10.1257/aer.90.3.407 Kim, 2000, Exchange rate anomalies in the industrial countries: a solution with a structural VAR approach, Journal of Monetary Economics, 45, 561, 10.1016/S0304-3932(00)00010-6 Kim, 1994, Stock prices and bank lending behaviour in Japan, FRBSF Economic Review, 1, 31 Kinkyo, 2007, Explaining Korea's lower investment levels after the crisis, World Development, 35, 1120, 10.1016/j.worlddev.2006.10.008 Kwack, 2000, An empirical analysis of the factors determining the financial crisis in Asia, Journal of Asian Economics, 11, 195, 10.1016/S1049-0078(00)00050-6 Liang, 2007, Property prices and bank lending in China, Journal of Asian Economics, 18, 63, 10.1016/j.asieco.2006.12.013 Marcucci, 2008, Is bank portfolio riskiness procyclical? Evidence from Italy using a vector autoregression, Journal of the International Financial Markets, Institution and Money, 18, 46, 10.1016/j.intfin.2006.05.002 Masih, 1996, Empirical tests to discern the dynamic causal chain in macroeconomic activity: new evidence from Thailand and Malaysia based on a multivariate cointegration/vector error-correction modelling approach, Journal of Policy Modeling, 18, 531, 10.1016/0161-8938(95)00133-6 Mehrotra, 2007, Exchange rate and interest rate channels during a deflationary era – evidence from Japan, Hong Kong and China, Journal of Comparative Economics, 35, 188, 10.1016/j.jce.2006.10.004 Merton, 1980, On estimating expected return on the market: an exploratory investigation, Journal of Financial Economics, 8, 323, 10.1016/0304-405X(80)90007-0 Mishkin, 1999, Lessons from the Asian crisis, Journal of International Money and Finance, 18, 709, 10.1016/S0261-5606(99)00020-0 Oikarinen, 2009, Interaction between house prices and household borrowing: the Finnish case, Journal of Banking and Finance, 33, 747, 10.1016/j.jbankfin.2008.11.004 Pesaran, 1998, Generalized impulse response analysis in linear multivariate models, Economic Letters, 58, 17, 10.1016/S0165-1765(97)00214-0 Public Bank, 1998, Direction and impact of bank lending in Malaysia, Economic Review, 1 Quagliariello, 2009, Macroeconomic uncertainty and banks’ lending decisions: the case of Italy, Applied Economics, 41, 323, 10.1080/00036840601007286 Romer, 1990, New evidence on the monetary transmission mechanism, Brookings Papers on Economic Activity, 1, 149, 10.2307/2534527 Safaei, 2003, Credit channel and credit shocks in Canadian macrodynamics – a structural VAR approach, Applied Financial Economics, 13, 267, 10.1080/09603100110117866 Talavera, 2012, Macroeconomic uncertainty and bank lending: the case of Ukraine, Economic Systems, 10.1016/j.ecosys.2011.06.005 Vera, 2012, How responsive are banks to monetary policy?, Applied Economics, 44, 2335, 10.1080/00036846.2011.564143