The Role of Banks in the Transmission of Monetary Policy

Autor: Joe Peek, Eric S. Rosengren
Rok vydání: 2015
Zdroj: The Oxford Handbook of Banking, Second Edition ISBN: 0199688508
Popis: The transmission of monetary policy, especially in light of recent events, has received increased attention, especially with respect to the efficacy of the bank lending channel. Evidence is presented on the effectiveness of the bank lending channel both in the United States and abroad. The chapter then provides observations about the likely consequences for the effectiveness of the lending channel of the changes in the financial environment associated with the recent financial crisis.
Databáze: OpenAIRE