Acharya, Viral V.; Chauhan, Rahul Singh; Rajan, Raghuram G. - 2022
years, we find an increase in commercial bank deposits with a shortening of their maturity, and also an increase in … outstanding bank lines of credit to corporations. However, when it halted the balance-sheet expansion in 2014 and even reversed it … past repeats, the shrinkage of the central bank balance sheet is not likely to be an entirely benign process and will …