Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/99119 
Erscheinungsjahr: 
2013
Schriftenreihe/Nr.: 
Public Policy Discussion Papers No. 13-5
Verlag: 
Federal Reserve Bank of Boston, Boston, MA
Zusammenfassung: 
The transmission of monetary policy, especially in light of recent events, has received increased attention, especially with respect to the efficacy of the bank lending channel. This paper summarizes the issues associated with isolating the bank lending channel and determining the extent to which it is operational. Evidence on the effectiveness of the bank lending channel is presented, both in the United States and abroad. The paper then provides observations about the likely consequences for the effectiveness of the lending channel of the changes in the financial environment associated with the recent financial crisis.
Schlagwörter: 
bank lending channel
loan supply
monetary policy
financial crisis
bank regulation
financial innovation
JEL: 
E52
G21
Dokumentart: 
Working Paper

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