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Ursachen von Kreditzyklen unter Berücksichtigung vollkommener und begrenzter Rationalität -- Anreizsysteme und Kreditzyklen in den USA -- Anreizsysteme und Kreditzyklen in mehreren Industrienationen.
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A crucial condition for the existence of a credit channel through bank loans is that monetary policy should be able to … change bank loan supply. This paper contributes to the discussion on this issue by presenting empirical evidence from dynamic … the average bank reduces its lending more sharply in reaction to a restrictive monetary policy measure, the lower its …
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