Bank Lending and Interest Rate Changes in a Dynamic Matching Model

Bank Lending and Interest Rate Changes in a Dynamic Matching Model
This paper presents theory and evidence on the dynamic relationship between aggregate bank lending and interest rate changes. Theoretically, it proposes and solves a stochastic matching model where credit expansion and contraction are time consuming. It shows that the response of bank lending to changes in money market rates is likely to be... READ MORE...

Publication date: June 1998
ISBN 9781451951318
$15.00

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