Financial Structure, Bank Lending Rates, and the Transmission Mechanism of Monetary Policy /

The stickiness of bank lending rates with respect to money market rates is often regarded as an obstacle to the smooth transmission of monetary policy impulses. Yet, no systematic measure of the different degree of lending rate stickiness across countries has been attempted. This paper provides such...

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Chi tiết về thư mục
Tác giả chính: Kourelis, Angeliki
Tác giả khác: Cottarelli, Carlo
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 1994.
Loạt:IMF Working Papers; Working Paper ; No. 1994/039
Truy cập trực tuyến:Full text available on IMF