Credit Rationing and Monetary Transmission : Evidence for Portugal

The hypothetical existence of rationing in the credit market is of paramount importance to understand the transmission mechanism of monetary policy. Two indirect empirical tests of credit rationing are presented and discussed using Portuguese data. The first test is a stickiness test to the response of loan rates to changes in money market conditions. For the second test a VAR is estimated in order to analyse the implied causality relations

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Year of publication:	2002
Authors:	Afonso, António ; St. Aubyn, Miguel
Publisher:	[S.l.] : SSRN
Subject:	Kreditrationierung \| Credit rationing \| Theorie \| Theory \| Portugal \| Geldpolitik \| Monetary policy \| Geldpolitische Transmission \| Monetary transmission \| Schätzung \| Estimation

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Extent:	1 Online-Ressource (22 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 1998 erstellt
Other identifiers:	10.2139/ssrn.317484 [DOI]
Classification:	E44 - Financial Markets and the Macroeconomy
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014114114