haku: @journal_id 789 / yhteensä: 95
viite: 9 / 95
| Tekijä: | Espinosa-Vega, M. A. Smith, B. D. Yip, C. K. |
| Otsikko: | Monetary policy and government credit programs |
| Lehti: | Journal of Financial Intermediation
2002 : JUL, VOL. 11:3, p. 232-268 |
| Asiasana: | CREDIT CREDIT RATIONING DEVELOPING COUNTRIES FINANCIAL INTERMEDIARIES GOVERNMENT MONETARY POLICY |
| Kieli: | eng |
| Tiivistelmä: | Credit rationing is a common feature of most developing economies. In response to it, the governments of these countries often operate a number of programs intended to expand the supply of credit to the private sector. Expansionary monetary policy is often seen as a way of reducing the extent of credit rationing. The authors examine the consequences of a common policy tool in these economies: the use of expansionary monetary policy combined with direct central bank lending to inject credit. |
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