Financial intermediation and the monetary transmission mechanism

Iris Claus () and Christie Smith ()

Reserve Bank of New Zealand Bulletin, 1999, vol. 62, No 4

Abstract: The article explores the role of financial intermediation in the monetary transmission mechanism. It discusses how and why shocks that affect lenders' willingness to lend can have an impact on economic activity, and why this needs to be factored into analyses of the interaction of monetary policy, the financial sector and the real economy.

Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:nzb:nzbbul:december1999:1

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