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 …

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 … approaches, the credit view is unique in its emphasis on the health of the financial sector as a critically important determinant …

banking system. However, the latter models are not yet sufficiently operational to allow an empirical assessment of the impact …