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Competition and the bank lending channel in Eurozone

✍ Scribed by Leroy, Aurélien


Book ID
122235623
Publisher
Elsevier Science
Year
2014
Tongue
English
Weight
660 KB
Volume
31
Category
Article
ISSN
1042-4431

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The bank lending channel implies the Federal Reserve can in¯uence real income by controlling the level of intermediated loans. Using the notion of causality developed by Simon (1953) and the causal order methodology developed by Hoover (1990), I test for an operative bank lending channel in the tran