@article{oai:nagoya.repo.nii.ac.jp:00015733,
 author = {PRAMONO, BAMBANG},
 issue = {3},
 journal = {経済科学},
 month = {Mar},
 note = {This paper attempts to provide evidence of the impact of bank capital requirements on banks' loan and on monetary policy in Indonesia, in particular to investigate whether the regulation of capital requirements constrains the effectiveness of monetary policy. Using the Thakor's (1996) model, this study identifies the enforcement of capital requirements lowers supply of bank loans and undermines the effectiveness of a loose monetary policy to support the availability of bank loans in Indonesia Furthermore, this study employs an impulse response analysis from vector auto regression (VAR) model as suggested by Bernanke and Blinder (1992) and finds out the role of capital requirements in explaining the transmission of monetary policy through bank lending channel. It is found that the presence of a CAR leads to a lower response of bank loans to the shock of the monetary policy, which means reducing the impact of monetary policy transmission.},
 pages = {161--179},
 title = {An Empirical Assesment of the Effects of Capital Requirements on Banks' Loan Portfolios and Monetary Policy in Indonesia},
 volume = {60},
 year = {2013}
}