منابع مشابه
Optimal central bank lending
We analyze optimal monetary policy in a sticky price model where the central bank supplies money outright via asset purchases and lends money temporarily against collateral. The terms of central bank lending a¤ect rationing of money and impact on macroeconomic aggregates. The central bank can set the policy rate and its ination target in a way that implements the rst best long-run allocation,...
متن کاملTrend Analysis of Lending Performance of Erode District Central Cooperative Bank
The central cooperative banks occupy a crucial position in the pyramidal structure of agricultural cooperative banking system. They from the backbone of the agricultural credit structure and provide the vital line between the primary agricultural societies and the state apex cooperative bank functioning at the state level. The study is based on secondary data obtained from annual reports of EDC...
متن کاملCentral Bank Lending, Inflation and Output Dynamics in a Limited Participation Model
This paper seeks to evaluate the effects of expansionary monetary policy by the central bank on inflation, output and employment in a limited-participation model for different parameters value of inter-temporal elasticity of substitution and the Frisch (inverse of the labor supply) elasticity. To this end, a modified cash in advance model in line with Lucas (1990), Christiano (1991) and F...
متن کاملSMEs and Bank Lending Relationships:
This paper studies the impact of bank mergers on firm-bank lending relationships using information from individual loan contracts in Belgium. We analyse the effects of bank mergers on the probability of borrowers maintaining their lending relationships and on their ability to continue tapping bank credit. The Belgian financial environment reflects a number of interesting features: high banking ...
متن کاملBank Deposits and Relationship Lending∗
I study the role of deposit accounts in bank-firm lending relationships, using a dataset with detailed information about all Norwegian firms’ bank deposit and loan account balances. I show that firms are more likely to increase borrowing from a bank where they hold deposit accounts, and less likely to end the lending relationship. In regressions with both firm and bank fixed effects, I find tha...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2010
ISSN: 1556-5068
DOI: 10.2139/ssrn.1653291