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A "Credit Crunch"?, The Recent Slowdown in Bank Lending and Its Implications for Monetary Policy, Paul Francis O'Brien and Frank Browne

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Abstract
This paper examines the recent slowdown in bank lending that has affected several large OECD countries. The analysis begins with a description of the importance of bank credit in the financial systems of the countries considered. The origins of the lending slowdown are analysed - - including the importance of deteriorating bank balance sheets and the BIS capital rules - - as well as its potential to depress economic activity. The paper concludes with a discussion of how monetary policy should react to unusually sluggish bank lending ..
Language
eng
Literary Form
non fiction
Physical Description
1 online resource (59 p. )
Specific Material Designation
remote
Form Of Item
online

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