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- W2528381707 abstract "This article highlights some key results from recent research on the role of banks in the transmission mechanism of monetary policy. This new research stresses that bank capital, securitisation and incentives for risk taking are fundamental elements in modelling banks’ ability and willingness to lend. The quantification of such effects remains challenging. Nevertheless, a key lesson from this research is that current tensions in credit markets should be expected to play a crucial role in the supply of credit to households and firms and, thus, for economic activity in the months to come. JEL Classification: E5, G2" @default.
- W2528381707 created "2016-10-14" @default.
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- W2528381707 date "2009-03-01" @default.
- W2528381707 modified "2023-09-23" @default.
- W2528381707 title "Banks, credit and the transmission mechanism of monetary policy" @default.
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