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loan portfolio relatively unaffected. This may explain why the evidence for a bank lending channel in Germany seems to be …
Persistent link: https://www.econbiz.de/10011419387
loan portfolio relatively unaffected. This may explain why the evidence for a bank lending channel in Germany seems to be …
Persistent link: https://www.econbiz.de/10001609076
Persistent link: https://www.econbiz.de/10002535070
Using business survey data on German manufacturing firms, this paper provides tests for hypotheses formulated in capital market imperfection theories that predict distributional effects in the transmission of monetary policy. The business conditions of small firms are found to be somewhat more...
Persistent link: https://www.econbiz.de/10011449239
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Using business survey data on German manufacturing firms, this paper provides tests for hypotheses formulated in capital market imperfection theories that predict distributional effects in the transmission of monetary policy. The business conditions of small firms are found to be somewhat more...
Persistent link: https://www.econbiz.de/10002176392