We turn our attention to the role of money for determining nominal magnitudes. Using US data, we find that the … aggregate “nominal output plus and stock market capitalisation” is closely related to the money stock, lending support to one of … keep a very close eye on money supply if it wants to prevent consumer and/or asset price inflation. …

Central Bank, the general presumption in the policy discussions has been that there should be ‘Chinese walls' between the …

This work examines the impact of bank efficiency on the bank lending channel in China. Using a sample of 175 Chinese … bank’s efficiency. While bank efficiency does not exert an impact on the effectiveness of monetary policy transmission … expansion of shadow banking activities has been associated with a positive impact of bank efficiency on monetary policy …

The paper examines the bank lending activities of banks in a low interest rate environment. External financing of small …- and medium-sized enterprises in the euro area primarily takes place via bank loans and not through capital markets. Based … on the Bankscope database, bank balance sheet data is utilized. Control variables are included, such as for the system of …