FINANCIAL SECTOR INTERCONNECTEDNESS AND MONETARY POLICY TRANSMISSION
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DOI: 10.1017/s1365100517000177
Abstract: We present a stylized model that illustrates how interbank trading can reduce the sensitivity of lending to entrepreneurs' net worth, thus affecting the transmission mechanism of monetary policy through the credit channel. We build a… read more here.
Keywords: policy; sector interconnectedness; transmission; monetary policy ... See more keywords