Wu, Dan; Li, Rong; Li, Yingting - In: The North American journal of economics and finance : a … 73 (2024), pp. 1-14
' assets allocation decisions, loans supplies, and the bank lending channel of monetary policy transmission. This paper … that increases in OBS activities weaken the effectiveness of price-based monetary policy through the bank lending channel …, and this dampening effect is stronger in periods of market liquidity shortage. …