Banks, Capital Markets, and the Monetary Transmission Mechanism.
This paper reviews the recent literature on bank behavior and the transmission process of monetary policy. It examines the implications of asymmetric information for the credit market and the capital market and discusses the macroeconomic significance of these results. In models with imperfect infor...
| Main Author: | |
|---|---|
| Format: | Journal article |
| Published: |
1994
|