Money, credit and investment in UK corporate sector

Andrew Brigden and Paul Mizen

Bank of England working papers from Bank of England

Abstract: This paper investigates the interactions between investment, money holding and bank borrowing by private non-financial corporations (PNFCs). Long-run relationships are identified for investment, money and borrowing, and the dynamics indicate the existence of feedbacks from money and credit disequilibria onto investment. The results are considered to be consistent with the existence of a credit channel.

Date: 1999-09
New Economics Papers: this item is included in nep-eec and nep-mfd
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Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:boe:boeewp:100

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