Article ID Journal Published Year Pages File Type
966560 Journal of Monetary Economics 2011 11 Pages PDF
Abstract
► A model is built to analyze the macroeconomic implications of relationship lending. ► Such relationships prevail in equilibrium and dampen monetary transmission. ► Policy-invariant loan rates are observed for some second-time borrowers. ► Tempered loan rates are observed for new borrowers.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Relationship lending and the transmission of monetary policy
Authors
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