Credit Channel and Monetary Policy in Emerging Markets

Credit Channel and Monetary Policy in Emerging Markets


Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description
The Asian financial crisis in 1997/98 and the U.S sub-prime mortgage crisis in 2007/08 have led to billions in losses and panic in world financial markets, a sharp fall in share prices and a contraction of credit markets. These events have raised further questions on the role of credits, monetary policy and financial markets for attaining macroeconomic stability. The book relates to the above issues by providing new evidence for the credit channel of monetary transmission mechanism. The book highlights that financially constrained firms are severely affected during times of increasing interest rates; firm-specific characteristics are an important factor in explaining the corporate financing choices of firms; different monetary conditions affect the rate of interest charged by borrowers to firms; external and internal financing are important determinants of firms? investment behaviour, and consistent with other empirical evidences, bank lending channel operating via small and low liquidity institutions.
Product Specifications
SKU :COC12326
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-17
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