Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/49904
Authors: 
Karni, Edi
Year of Publication: 
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

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