Karanassou, Marika; Sala, Hector - 2009
banking system to prevent
a liquidity squeeze (Taylor, 1993). Following the 1988-89 crisis in the savings and loan
industry …-term interest rate
and/or there are changes in the banking regulations. In either case money growth move-
ments simply reflect … Journal of Money, Credit and Banking, Vol. 40, No 8 (December 2008) for (i) the critique by
Woodford on the issue with …