Does the Lack of Financial Stability Impair the Transmission of Monetary Policy?
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We investigate the transmission of central bank liquidity to bank deposits and loan spreads in Europe over the period from January 2006 to June 2010. We find evidence consistent with an impaired transmission channel due to bank risk. Central bank liquidity does not translate into lower loan spreads
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美国国家经济研究局创建时间：
2019-11-01
