Monetary transmission and bank lending in Germany

Research, Preprint English OPEN
Kakes, Jan ; Sturm, Jan-Egbert ; Philipp Maier, [No Value] (1999)
  • Publisher: s.n.

This paper analyses the role of bank lending in the monetary transmission process in Germany. We follow a sectoral approach by distinguishing corporate lending and household lending. We find that banks respond to a monetary contraction by adjusting their securities hold... View more
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