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Funding liquidity, i.e., the ease with which firms, investors and consumers can obtain funding, is a key property of the monetary transmission mechanism. This paper is an empirical assessment of the role played by various measures of credit availability in shaping the dynamics of asset prices...
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Funding liquidity, i.e., the ease with which firms, investors and consumers can obtain funding, is a key property of today's monetary transmission mechanism. We investigate empirically the role played by various measures of credit availability in shaping the dynamics of asset prices and the...
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