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Google圖書搜尋
Credit Rationing and Monetary Transmission
António Afonso
Miguel St. Aubyn
其他書名
Evidence for Portugal
出版
SSRN
, 2002
URL
http://books.google.com.hk/books?id=a-HczwEACAAJ&hl=&source=gbs_api
註釋
The hypothetical existence of rationing in the credit market is of paramount importance to understand the transmission mechanism of monetary policy. Two indirect empirical tests of credit rationing are presented and discussed using Portuguese data. The first test is a stickiness test to the response of loan rates to changes in money market conditions. For the second test a VAR is estimated in order to analyse the implied causality relations.
