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- W3122252023 abstract "Studies on the role of the credit channel have flourished in recent years. This paper focuses on the work that has been carried out using Swiss data. It begins with some general features characterizing the credit channel and demonstrating its empirical implications. It then provides an overview of the empirical papers. For the most part, these papers test cross-sectional implications of the credit view. The overall evidence suggests that a credit channel exists but a precise assessment of the effects of monetary policy operating through this channel is still a long way off. Much work has yet to be done, not least on the data side, in order to obtain a clear view of the quantitative importance of the credit channel for Switzerland." @default.
- W3122252023 created "2021-02-01" @default.
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- W3122252023 date "2003-01-01" @default.
- W3122252023 modified "2023-09-23" @default.
- W3122252023 title "Credit in the monetary transmission mechanism: An overview of some recent research using Swiss data" @default.
- W3122252023 hasPublicationYear "2003" @default.
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