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The growth and deepening of financial markets entailed the expectation that the bank lending channel of monetary policy transmission would lose its importance. The paper explains why, on the contrary, the banking sector has become a major locus of origination and amplification of macro-financial...
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This paper investigates the risk-taking channel of monetary policy on the asset side of banks' balance sheets. We use a … factor-augmented vector autoregression (FAVAR) model to show that aggregate lending standards of U.S. banks, e.g. their …
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This paper investigates the risk channel of monetary policy on the asset side of banks' balance sheets. We use a … factoraugmented vector autoregression (FAVAR) model to show that aggregate lending standards of U.S. banks, such as their collateral …
Persistent link: https://www.econbiz.de/10010422940
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