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The size distribution of monetary policy effects among South African manufacturing firms : firm-level evidence from administrative tax data
Lesame, Keagile - 2019
Monetary policy is believed to have a disproportionate effect on firms, depending on their size. Financially constrained firms with limited access to capital markets are expected to be more sensitive to changes in interest rates; this is characteristic of small firms. This paper empirically...
Persistent link: https://www.econbiz.de/10011997546
Cover Image
The size distribution of monetary policy effects among South African manufacturing firms: Firm-level evidence from administrative tax data
Lesame, Keagile - 2019
Monetary policy is believed to have a disproportionate effect on firms, depending on their size. Financially constrained firms with limited access to capital markets are expected to be more sensitive to changes in interest rates; this is characteristic of small firms. This paper empirically...
Persistent link: https://www.econbiz.de/10012146521