Reportgreen1993

Monetary Policy and Bank Lending

647 citations0/0 files storedNational Bureau of Economic Research

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Monetary Policy and Economic Impact Banking stability, regulation, efficiency Economic theories and models

Abstract

This paper surveys recent work that relates to the "lending" view of monetary policy transmission.It has three main goals: 1) to explain why it is important to distinguish between the lending and "money" views of policy transmission; 2) to outline the microcconomic conditions that arc needed to generate a lending channel; and 3) to review the empirical evidence that bears on the lending view.

Citations in this library

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References

1984Corporate financing and investment decisions when firms have information that investors do not have 1981Credit Rationing in Markets with Imperfect Information 1984Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have 1988Financing Constraints and Corporate Investment 1987Financing Constraints and Corporate Investment 1989The federal funds rate and the channels of monetary transmission 1994Monetary Policy, Business Cycles, and the Behavior of Small Manufacturing Firms 1991Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups

Cited by

1996The Financial Accelerator and the Flight to Quality 2002Banks as Liquidity Providers: An Explanation for the Coexistence of Lending and Deposit‐taking 2000Collateral Damage: Effects of the Japanese Bank Crisis on Real Activity in the United States 2017The Deposits Channel of Monetary Policy*2002The 1990s in Japan: A Lost Decade 2012Banking Globalization and Monetary Transmission 2007Banking crises, financial dependence, and growth☆2010Financial Intermediaries and Monetary Economics

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