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The monetary base and bank lending: you can lead a horse to water..

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Abstract

Why was the increase in the money stock so small when the increase in the monetary base was so large?

Suggested Citation

  • David C. Wheelock, 2010. "The monetary base and bank lending: you can lead a horse to water..," Economic Synopses, Federal Reserve Bank of St. Louis.
    • Handle: RePEc:fip:fedles:y:2010:n:24
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    File URL: http://research.stlouisfed.org/publications/es/10/ES1024.pdf
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    Cited by:

    1. Christopher J. Neely, 2013. "Would it help to eliminate interest on reserves?," Economic Synopses, Federal Reserve Bank of St. Louis.

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    Keywords

    Money supply; Bank loans;

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