treatment of banks' exposure to central counterparties (CCPs). The Basel Committee published an interim standard in July 2012 … standard represented an important step towards ensuring appropriate measurement, monitoring and management of banks' exposures …

institutions. The primary goal was to generate new research on various aspects of the credit channel linkages in the monetary … transmission mechanism. Under the credit channel view, financial intermediaries play a critical role in the allocation of credit in … the economy. They are the primary source of credit for consumers and businesses that do not have direct access to capital …