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An der Schwelle zum neuen Jahrhundert steht die Wirtschaftspolitik vor großen Herausforderungen. Vor dem Hintergrund der Globalisierung, des Wandels zur Dienstleistungsgesellschaft, der Veränderung von demographischen Strukturen und des Übergangs der planwirtschaftlich organisierten...
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-Saxon countries -have been discussing the credit channel approach, which embraces the credit suppIy as well as the interest rate … heavily reliant on bank credit. The credit channel theory states that, for small enterprises, a stricter monetary policy … stance results in a higher cost of borrowed funds than for larger enterprises or even in credit rationing. The result is that …
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