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On equilibrium credit rationing and interest rates

โœ Scribed by Jo Anna Gray; Ying Wu


Book ID
113248356
Publisher
Elsevier Science
Year
1995
Tongue
English
Weight
869 KB
Volume
17
Category
Article
ISSN
0164-0704

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This paper examines the effects of both anticipated and unanticipated monetary disturbances in a small open economy by taking into consideration adjustments in the banks' portfolio of earning assets. It primarily focuses on the adjustment of credit market interest rates as well as on that of the exc