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Decoupling at the Margin: The Threat to Monetary Policy from the Electronic Revolution in Banking

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NBER2000-10-01 更新2025-01-04 收录
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The threat to monetary policy from the electronic revolution in banking is the possibility of a decoupling' of the operations of the central bank from markets in which financial claims are created and transacted in ways that, at some operative margin, affect the decisions of households and firms on

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2000-10-01
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