A "Credit Crunch"?: The Recent Slowdown in Bank Lending and Its Implications for Monetary Policy

Organisation for Economic Co-operation and Development2026-04-11 收录

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This paper examines the recent slowdown in bank lending that has affected several large OECD countries. The analysis begins with a description of the importance of bank credit in the financial systems of the countries considered. The origins of the lending slowdown are analysed - - including the importance of deteriorating bank balance sheets and...