The Credit Channel of Monetary Policy - The Case of Germany

Alfred Guender and M Moersch

Working Papers from American Institute for Contemporary German Studies-

Abstract: This paper analyses the credit channel of monetary policy in Germany. It finds little evidence for the existence fo a credit channel, while confirming the standard channel of monetary transmission which is working through bank liabilities.

Keywords: MONETARY POLICY; GERMANY (search for similar items in EconPapers)
JEL-codes: E52 (search for similar items in EconPapers)
Pages: 19 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:fth:amiger:12

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