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suggests that although bank lending contracted during the crisis, bond financing actually increased to make up much of the gap …
Persistent link: https://www.econbiz.de/10013113163
suggests that although bank lending to firms declines during the crisis, bond financing actually increases to make up much of …
Persistent link: https://www.econbiz.de/10013101282
Persistent link: https://www.econbiz.de/10009626740
suggests that although bank lending contracted during the crisis, bond financing actually increased to make up much of the gap …
Persistent link: https://www.econbiz.de/10009411381
Persistent link: https://www.econbiz.de/10010493369
Persistent link: https://www.econbiz.de/10010514753
Persistent link: https://www.econbiz.de/10011460484
This paper proposes a semi-structural approach to identifying excessive household credit developments. Using an overlapping generations model, a normative trend level for the real household credit stock is derived that depends on four fundamental economic factors: real potential GDP, the...
Persistent link: https://www.econbiz.de/10011928898
monetary policy. The theory unifies an endogenous supply of illiquid local loans and risk-sharing among subsidiaries of bank …
Persistent link: https://www.econbiz.de/10012456534
monetary policy. The theory unifies an endogenous supply of illiquid local loans and risk-sharing among subsidiaries of bank …
Persistent link: https://www.econbiz.de/10012995512