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Monetary Policy, Credit, and Real Activity: Evidence from the Balance Sheet of Japanese Firms

โœ Scribed by Kazuo Ogawa


Book ID
115625733
Publisher
Elsevier Science
Year
2000
Tongue
English
Weight
112 KB
Volume
14
Category
Article
ISSN
0889-1583

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## Abstract The balance sheet channel of monetary policy working through the euro area corporate bond market is important, as shown by empirical results based on different methods for the first two and a half years since the introduction of the euro. The external finance premium on corporate bonds