Monetary Policy Analysis in a Small Open Credit-Based Economy
Monetary Policy Analysis in a Small Open Credit-Based Economy
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Publisher
Boston: Springer US
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Language
English
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Publisher
Boston: Springer US
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Contents
This paper describes a simple framework for monetary policy analysis in a small open economy where bank credit is the only source of external finance. At the heart of the model is the link between banks’ lending rates (which incorporate a premium over and above the marginal cost of borrowing) and firms’ net worth. In contrast to models in the Stigl...
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Full title
Monetary Policy Analysis in a Small Open Credit-Based Economy
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TN_cdi_proquest_miscellaneous_37113002
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_miscellaneous_37113002
Other Identifiers
ISSN
0923-7992
E-ISSN
1573-708X
DOI
10.1007/s11079-008-9083-7
