aggravated the Republic of Korea's economic crisis. They use micro-data gathered at the bank level to better identify this … channel of transmission. They find that: 1) Monetary tightening broadens the spread between marginal bank lending rates and … corporate commercial paper rates (consistent with hypothesis that bank lending is a transmitter of monetary shocks). 2) Credit …

- that enforcing bank capital asset requirements, exerts a negative effect on the supply of credit. Their econometric … ongoing debate on the impact of the revision of bank capital asset requirements, contemplated by the 1999 Basel proposal. They …