Private Credit Growth and Monetary Policy Transmission

Ahmet Degerli () and Phillip J. Monin
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Ahmet Degerli: https://www.federalreserve.gov/econres/ahmet-degerli.htm
Phillip J. Monin: https://www.federalreserve.gov/econres/phillip-monin.htm

No 2024-08-02-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: In this note, we examine the recent growth of private credit markets and its effects on monetary policy transmission. We find that private credit has grown by competing with or substituting other forms of credit and by lending to a set of borrowers that have difficulty obtaining credit otherwise.

Date: 2024-08-02
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2024-08-02-1

DOI: 10.17016/2380-7172.3565

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