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In search of the elusive credit view: testing for a credit channel in modern Great Britain

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  • Katherine A. Samolyk

Abstract

An examination of the credit performance of the financial sector in the modern British economy, showing that problems in credit markets associated with debt and default/liquidation can disrupt the production of real financial services necessary to channel funds to efficient investment opportunities.

Suggested Citation

  • Katherine A. Samolyk, 1990. "In search of the elusive credit view: testing for a credit channel in modern Great Britain," Economic Review, Federal Reserve Bank of Cleveland, issue Q II, pages 16-28.
  • Handle: RePEc:fip:fedcer:y:1990:i:qii:p:16-28:n:v.26no.2
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    File URL: http://www.clevelandfed.org/Research/Review/1990/90-q2-samolyk.pdf
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    1. Kane, Edward J, 1974. "All for the Best: The Federal Reseve Board's 60th Annual Report," American Economic Review, American Economic Association, vol. 64(6), pages 835-850, December.
    2. Daniel L. Thornton, 1988. "The borrowed-reserves operating procedures: theory and evidence," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 30-54.
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