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Department of Economics, The Johns Hopkins University >
Working Papers, Department of Economics, The Johns Hopkins University >
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http://hdl.handle.net/10419/49904
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| Title: | | A mechanism for Thawing the credit markets  |
| Authors: | | Karni, Edi |
| Issue Date: | | 2009 |
| Series/Report no.: | | Working papers // the Johns Hopkins University, Department of Economics 551 |
| Abstract: | | This paper describes a mechanism designed to induce commercial banks to increase their willingness to extend loans in an economic environment characterized by increased uncertainty and diminished expectations. This mechanism is a new tool for the conduct of monetary policy to combat recessions. |
| Subjects: | | Mechanism design credit markets incentive scheme |
| JEL: | | G01 G10 D82 D86 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Papers, Department of Economics, The Johns Hopkins University
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