A "Credit Crunch"?: The Recent Slowdown in Bank Lending and Its Implications for Monetary Policy

This paper examines the recent slowdown in bank lending that has affected several large OECD countries. The analysis begins with a description of the importance of bank credit in the financial systems of the countries considered. The origins of the lending slowdown are analysed - - including the imp...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
1. Verfasser: O'Brien, Paul Francis (VerfasserIn)
Weitere Verfasser: Browne, Frank (MitwirkendeR)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Paris OECD Publishing 1992
Schriftenreihe:OECD Economics Department Working Papers no.107
Schlagworte:
Online-Zugang:Volltext
Zusammenfassung:This paper examines the recent slowdown in bank lending that has affected several large OECD countries. The analysis begins with a description of the importance of bank credit in the financial systems of the countries considered. The origins of the lending slowdown are analysed - - including the importance of deteriorating bank balance sheets and the BIS capital rules - - as well as its potential to depress economic activity. The paper concludes with a discussion of how monetary policy should react to unusually sluggish bank lending ...
Beschreibung:1 Online-Ressource (59 p.) 21 x 29.7cm.
DOI:10.1787/657730454204

Es ist kein Print-Exemplar vorhanden.

Volltext öffnen