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Monetary Policy Transmission Through Online Banks

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NBER2023-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w31380
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资源简介:
Financial technology has the potential to alter the transmission of monetary policy by lowering search costs and expanding banking markets. This paper studies the reaction of online banks to changes in the federal funds rate. We find that a 100 basis points increase in the federal funds rate leads
创建时间:
2023-06-01
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