A Mechanism for Thawing the Credit Markets

Edi Karni

Economics Working Paper Archive from The Johns Hopkins University,Department of Economics

Abstract: This paper describes a mechanism designed to induce commercial banks to increase their willingness to extend loans in an economic environment characterized by increased uncertainty and diminished expectations. This mechanism is a new tool for the conduct of monetary policy to combat recessions.

Date: 2009-05
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http://www.econ2.jhu.edu/REPEC/papers/wp551_Karni.pdf (application/pdf)

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Journal Article: A mechanism for thawing the credit markets (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:jhu:papers:551

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