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In a market-based financial system, banking and capital market developments are inseparable. We document evidence that balance sheets of market-based financial intermediaries provide a window on the transmission of monetary policy through capital market conditions. Short-term interest rates are...
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institutions: banks and bank management -- Financial industry structure -- Regulating the financial system -- Central banks …, monetary policy, and financial stability -- Central banks in the world today -- The structure of central banks: the federal … reserve and the european central bank -- The central bank balance sheet and the money supply process -- Monetary policy …
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