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further split the samples of countries on the basis of the median levels of lending and the deposit rate spread, foreign bank …
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We reconsider the role of financial intermediaries in monetary economics, and explore the hypothesis that the financial intermediary sector is the engine that drives the financial cycle through fluctuations in the price of risk. In this framework, balance sheet quantities emerge as a key...
Persistent link: https://www.econbiz.de/10014025668
government subsidies to firms affect credit markets. We identify credit market responses by considering both, bank lending and …
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We take a structural approach to assessing the empirical importance of shocks to the supply of bank …
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