search query: @author Morgan, D. / total: 6
reference: 2 / 6
Author: | Jayaratne, J. Morgan, D. |
Title: | Capital market frictions and deposit constraints at banks |
Journal: | Journal of Money, Credit and Banking
2000 : FEB, VOL. 32:1, p. 74-92 |
Index terms: | BANKS MARKETS CAPITAL |
Language: | eng |
Abstract: | Following the investment-cash flow literature, the authors test whether bank lending is constrained by the availability of insured deposits -- a necessary condition for the existence of a bank lending channel of monetary policy. The authors treat insured deposits as a type of "internal fund", similar to cash flows. The authors use a simple model to sort out the possible identification issues in interpreting the correlation between lending and deposit growth. |
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