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Securitisation and the bank lending channel

✍ Scribed by Yener Altunbas; Leonardo Gambacorta; David Marques-Ibanez


Book ID
116455557
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
328 KB
Volume
53
Category
Article
ISSN
0014-2921

No coin nor oath required. For personal study only.


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The bank lending channel implies the Federal Reserve can inΒ―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