A mechanism for thawing the credit markets
A mechanism for thawing the credit markets
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信贷市场解冻机制
DOI:
10.1007/s10058-009-0101-z
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发表时间:
2010
影响因子:
0.7
通讯作者:
E. Karni
中科院分区:
文献类型:
--
作者:
E. Karni
This paper describes a mechanism designed to induce commercial banks to increase their willingness to extend loans in an economic environment characterized by increased uncertainty and diminished expectations. This mechanism is a new tool for the conduct of monetary policy to combat recessions.