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- W1979011795 abstract "This note provides an explanation of the relationship between the nominal and lending rates of the commercial banks and central bank policy rates. It suggests that interest rate rule on the part of the central bank would influence the lending rate perceived by commercial banks and their borrowers, and could affect the economy via this route. There is a negative theoretical relationship between the inflation adjusted real lending rate and the rate of inflation itself." @default.
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- W1979011795 date "2012-04-01" @default.
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- W1979011795 title "A simple theory of banking and the relationship between commercial banks and the central bank" @default.
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- W1979011795 doi "https://doi.org/10.2753/pke0160-3477340308" @default.
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