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 cha...
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格式: | 雜誌 |
語言: | English |
出版: |
Washington, D.C. :
International Monetary Fund,
1998.
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叢編: | IMF Working Papers; Working Paper ;
No. 1998/093 |
在線閱讀: | Full text available on IMF |