In search of the elusive credit view: testing for a credit channel in modern Great Britain
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.
Volume (Year): (1990)
Issue (Month): Q II ()
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- Daniel L. Thornton, 1988. "The borrowed-reserves operating procedures: theory and evidence," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 30-54.
- 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 835-50, December.
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