Carpenter, Seth B.; Demiralp, Selva; Eisenschmidt, Jens - Federal Reserve Board (Board of Governors of the … - 2013
A growing number of studies have sought to measure the effects of non-standard policy on bank funding markets. The purpose of this paper is to carry those estimates a step further by looking at the effects of bank funding market stress on the volume of bank lending, using a simultaneous equation...