Monetary Policy and Bank Lending / Anil Kashyap, Jeremy C. Stein.

Format:

Book

Author/Creator:

Kashyap, Anil.

Contributor:

National Bureau of Economic Research.

Stein, Jeremy C.

Series:

Working Paper Series (National Bureau of Economic Research) no. w4317.

NBER working paper series no. w4317

Language:

English

Subjects (All):

Monetary policy.

Loans.

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1993.

Cambridge, Massachusetts : National Bureau of Economic Research, 1993.

Summary:

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 microeconomic conditions that are needed to generate a lending channel; and 3) to review the empirical evidence that bears on the lending view.

Notes:

Print version record

April 1993.