This occasional paper explains why the bank lending survey was developed by the ECB and describes its main features. It discusses the importance of credit developments for both the economy and the functioning of monetary policy, and further clarifies why the survey was introduced. Furthermore,...

The importance of credit in the monetary transmission mechanism has recently attained a lot of attention due to a growing understanding that credit market imperfections can have an impact on the monetary policy effectiveness. In this study, using Vector Error Correction Models (VECMs) and...

Nicht erst seit der jüngsten Weltfinanzkrise wird über den Zustand der Wirtschaftswissenschaft diskutiert. Vielfach wird die Einseitigkeit der Disziplin beklagt und eine Pluralisierung gefordert. Allerdings besteht weder Einigkeit über die Form des anzustrebenden Pluralismus - ist also z.B....

This book examines the impact of political conflict on microfinance engagement to put forth a theory of sparse network traps. It leverages a natural experiment to distinguish between the effects of conflict on determinants of microfinance efficiancy and impact, and includes qualitative evidence...