The Bank lending channel revisited

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A central proposition in research on the role of banks in the transmission mechanism is that monetary policy imparts a direct impact on deposits and that deposits act as the driving force of bank lending. This paper argues that the emphasis on policy-induced changes in deposits is misplaced. A reformulation of the bank lending channel is proposed that works primarily through the impact of monetary policy on banks' balance sheet strength and risk perception. Such a recasting implies, contrary to conventional wisdom, that greater reliance on market-based funding enhances the importance of the channel. [PUBLICATION ABSTRACT].Printed journal

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Ketersediaan

Call Number	Location	Available
JMCB4304	PSB lt.dasar - Pascasarjana	1

Informasi Detail

Judul Seri

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No. Panggil

JMCB4304

Penerbit

: The Ohio State University.,

Deskripsi Fisik

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Bahasa

ISBN/ISSN

222879

Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

Monetary policy
Bank loans
Bank Deposits
Balance sheets
Reforms
studies

Info Detail Spesifik

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Pernyataan Tanggungjawab

pa

Versi lain/terkait

Lampiran Berkas

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