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Risk-taking channel, bank lending channel and the “paradox of credibility”

✍ Scribed by Montes, Gabriel Caldas; Peixoto, Gabriel Barros Tavares


Book ID
122290586
Publisher
Elsevier Science
Year
2014
Tongue
English
Weight
466 KB
Volume
39
Category
Article
ISSN
0264-9993

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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