Monetary Policy and Credit Conditions: Evidence From the Composition of External Finance
收藏NBER1992-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4015
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资源简介：
In this paper we use the relative movements in bank loans and commercial paper to provide evidence on the existence of a loan supply channel of monetary policy transmission. A first necessary condition for monetary policy to work through a lending channel is that banks must view loans and securities
提供机构：
美国国家经济研究局
创建时间：
1992-03-01
