Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/261823 
Year of Publication: 
2021
Series/Report no.: 
Economic Memo No. 8
Publisher: 
Danmarks Nationalbank, Copenhagen
Abstract: 
We analyse the role of nonbank lenders in corporate and consumer credit markets in Denmark and show that they affect the transmission of monetary policy to financial and real outcomes. Nonbanks increase their share of credit supply after an interest rate hike in both the consumer and corporate credit markets.
Subjects: 
Monetary policy
Lending rate
Financial sector
Document Type: 
Research Report

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