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We find that central bank reserves injected by QE crowd out bank lending. We estimate a structural model with cross-sectional instrumental variables for deposit and loan demand. Our results are determined by the elasticity of loan demand and the impact of reserve holdings on the cost of...
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A Framework for Modelling Enterprise Technological Innovation Knowledge System Using Semantic Ontology Representation -- Exploring Effects of Patients’ Regulatory Focus on their Compliance after Misdiagnosis -- Understanding the Antecedents of Patient Self-Management Behavior in Online Health...
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