A mechanism for thawing the credit markets
AbstractThis 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.
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Bibliographic InfoArticle provided by Springer in its journal Review of Economic Design.
Volume (Year): 14 (2010)
Issue (Month): 3 (September)
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Web page: http://link.springer.de/link/service/journals/10058/index.htm
Other versions of this item:
- G01 - Financial Economics - - General - - - Financial Crises
- G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
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