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Money, Credit Constraints, and Economic Activity

Citations

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Cited by:

  1. Akbar, Saeed & Rehman, Shafiq ur & Liu, Jia & Shah, Syed Zulfiqar Ali, 2017. "Credit supply constraints and financial policies of listed companies during the 2007–2009 financial crisis," Research in International Business and Finance, Elsevier, vol. 42(C), pages 559-571.
  2. Giancarlo Bertocco, 2011. "Housing bubble and economic theory: is mainstream theory able to explain the crisis?," Economics and Quantitative Methods qf1116, Department of Economics, University of Insubria.
  3. Tamborini, Roberto, 2009. "The "Credit-Cost Channel" of Monetary Policy. A Theoretical Assessment," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 3, pages 1-23.
  4. Juan Esteban Carranza & Stefany Moreno-Burbano, 2020. "The effect of a bank liquidity shock on the performance of firms," Borradores de Economia 1133, Banco de la Republica de Colombia.
  5. Mohsin S. Khan, 2011. "The Design and Effects of Monetary Policy in Sub-Saharan African Countries-super- †," Journal of African Economies, Centre for the Study of African Economies, vol. 20(suppl_2), pages -35, May.
  6. Gertler, Mark, 1988. "Financial Structure and Aggregate Economic Activity: An Overview," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 20(3), pages 559-588, August.
  7. Bernanke, Ben S & Blinder, Alan S, 1992. "The Federal Funds Rate and the Channels of Monetary Transmission," American Economic Review, American Economic Association, vol. 82(4), pages 901-921, September.
  8. Greenwald, B & Stiglitz, Joseph E, 1987. "Keynesian, New Keynesian and New Classical Economics," Oxford Economic Papers, Oxford University Press, vol. 39(1), pages 119-133, March.
  9. Randall Morck & M. Deniz Yavuz & Bernard Yeung, 2019. "State-Run Banks, Money Growth, and the Real Economy," Management Science, INFORMS, vol. 65(12), pages 5914-5932, December.
  10. Dobromił Serwa, 2012. "Banking crises and nonlinear linkages between credit and output," Applied Economics, Taylor & Francis Journals, vol. 44(8), pages 1025-1040, March.
  11. Kumar Das, Pranab, 2004. "Credit rationing and firms' investment and production decisions," International Review of Economics & Finance, Elsevier, vol. 13(1), pages 87-114.
  12. Riccardo Fiorentini & Roberto Tamborini, 2002. "Monetary Policy, Credit and Aggregate Supply: The Evidence from Italy," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 31(3), pages 451-491, November.
  13. Lateef Adewale Yunusa & Mayowa Ebenezer Ariyibi & Kehinde Isiaq Olaiya & Tolulope Oyakhilome Williams, 2021. "Lending Rate and Commercial Bank Lending in Nigeria," Economic Review: Journal of Economics and Business, University of Tuzla, Faculty of Economics, vol. 19(2), pages 65-76, November.
  14. Loungani, Prakash & Rush, Mark, 1995. "The Effect of Changes in Reserve Requirements on Investment and GNP," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 27(2), pages 511-526, May.
  15. Stefano Puddu, 2013. "Real Sector and Banking System: Real and Feedback Effects. A Non-Linear VAR Approach," IRENE Working Papers 13-01, IRENE Institute of Economic Research.
  16. László, Géza & Király, Júlia & Csontos, László, 1997. "Az ezredvégi nagy borzongás [The big thrill at the end of the millennium]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 569-596.
  17. Mark Gertler & R. Glenn Hubbard, 1988. "Financial factors in business fluctuations," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 33-78.
  18. Joseph E. Stiglitz & Andrew Weiss, 1988. "Banks as Social Accountants and Screening Devices for the Allocation of Credit," NBER Working Papers 2710, National Bureau of Economic Research, Inc.
  19. Bertocco, Giancarlo, 2008. "Finance and development: Is Schumpeter's analysis still relevant?," Journal of Banking & Finance, Elsevier, vol. 32(6), pages 1161-1175, June.
  20. Li, Boyao & Xiong, Wanting & Chen, Liujun & Wang, Yougui, 2017. "The impact of the liquidity coverage ratio on money creation: A stock-flow based dynamic approach," Economic Modelling, Elsevier, vol. 67(C), pages 193-202.
  21. Kashif Munir, 2020. "Effectiveness of Monetary Policy on Money and Credit in Pakistan," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 14(2), June.
  22. Miglierina Enrico & Molho Elena, 2002. "Well-posedness and convexity in vector optimization," Economics and Quantitative Methods qf0221, Department of Economics, University of Insubria.
  23. Riccardo Fiorentini & Roberto Tamborini, 2001. "The Monetary Transmission Mechanism in Italy: The Credit Channel and a Missing Ring," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 60(1), pages 1-42, June.
  24. Bardsen, G. & Klovland, J.T., 1990. "Finding The Rigth Nominal Anchor: The Cointegration Of Money, Credit And Nominal Income In Norway," The Warwick Economics Research Paper Series (TWERPS) 350, University of Warwick, Department of Economics.
  25. Elizabeth Laderman & Wayne Passmore, 1998. "Is mortgage lending by savings associations special?," Economic Review, Federal Reserve Bank of San Francisco, pages 30-46.
  26. Xing, Xiaoyun & Wang, Mingsong & Wang, Yougui & Stanley, H. Eugene, 2020. "Credit creation under multiple banking regulations: The impact of balance sheet diversity on money supply," Economic Modelling, Elsevier, vol. 91(C), pages 720-735.
  27. Hatakeda, Takashi, 2000. "Bank lending behaviour under a liquidity constraint," Japan and the World Economy, Elsevier, vol. 12(2), pages 127-141, May.
  28. Flávia Chein & Cristine Pinto, 2018. "Credit constraint and human capital investment: an empirical analysis using Brazilian household budget survey," Applied Economics, Taylor & Francis Journals, vol. 50(21), pages 2369-2385, May.
  29. Man-Seop Park, 2007. "Routes of Money Endogeneity: A Heuristic Comparison," Discussion Paper Series 0729, Institute of Economic Research, Korea University.
  30. AlShawa, Alaa Kamal, 1999. "Identifying the effects of monetary policy shocks on the farm sector," ISU General Staff Papers 1999010108000013546, Iowa State University, Department of Economics.
  31. Fry, Maxwell J., 1996. "How foreign direct investment in Pacific Asia improves the current account," Journal of Asian Economics, Elsevier, vol. 7(3), pages 459-486.
  32. Brunner, Allan D & Kamin, Steven B, 1998. "Bank Lending and Economic Activity in Japan: Did 'Financial Factors' Contribute to the Recent Downturn?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 3(1), pages 73-89, January.
  33. Blinder, Alan S, 1987. "Credit Rationing and Effective Supply Failures," Economic Journal, Royal Economic Society, vol. 97(386), pages 327-352, June.
  34. Benjamin M. Friedman, 1988. "Targets and Instruments of Monetary Policy," NBER Working Papers 2668, National Bureau of Economic Research, Inc.
  35. Horvath, Akos & Lang, Peter, 2021. "Do loan subsidies boost the real activity of small firms?," Journal of Banking & Finance, Elsevier, vol. 122(C).
  36. Spencer Dale & Andrew Haldane, 1993. "A simple model of money, credit and aggregate demand," Bank of England working papers 7, Bank of England.
  37. Gérard Mondello, 1990. "Note sur un modèle dynamique de rationnement du crédit," Revue Économique, Programme National Persée, vol. 41(1), pages 119-134.
  38. Faini, Riccardo, 1991. "The macroeconomics of the public sector deficit : the case of Morocco," Policy Research Working Paper Series 631, The World Bank.
  39. Mark Gertler & Simon Gilchrist, 1994. "Monetary Policy, Business Cycles, and the Behavior of Small Manufacturing Firms," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 109(2), pages 309-340.
  40. Pavel Ciaian, 2004. "Credit rationing with heterogeneous borrowers in transition economies: evidence from Slovakia," Post-Communist Economies, Taylor & Francis Journals, vol. 16(1), pages 39-46.
  41. Stephen D. Oliner & Glenn D. Rudebusch, 1996. "Is there a broad credit channel for monetary policy?," Economic Review, Federal Reserve Bank of San Francisco, pages 3-13.
  42. Martin Mayer, 1998. "The Asian Disease: Plausible Diagnoses, Possible Remedies," Economics Working Paper Archive wp_232, Levy Economics Institute.
  43. Amine Ben Amar, 2022. "On the role of Islamic banks in the monetary policy transmission in Saudi Arabia," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 12(1), pages 55-94, March.
  44. Anjan V. Thakor, 2004. "Capital Requirements, Monetary Policy, and Aggregate Bank," Finance 0411027, University Library of Munich, Germany.
  45. Mr. Fabian Valencia, 2008. "Banks’ Precautionary Capital and Persistent Credit Crunches," IMF Working Papers 2008/248, International Monetary Fund.
  46. N. Gregory Mankiw, 1986. "The Allocation of Credit and Financial Collapse," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 101(3), pages 455-470.
  47. Mr. Michael Mussa & Mr. Robert P Flood, 1994. "Issues Concerning Nominal Anchors for Monetary Policy," IMF Working Papers 1994/061, International Monetary Fund.
  48. Xing, Xiaoyun & Xiong, Wanting & Guo, Jinzhong & Wang, Yougui, 2021. "The role of debt in aggregate demand," Finance Research Letters, Elsevier, vol. 39(C).
  49. Bertocco Giancarlo, 2001. "Do information asymmetries constitute a solid foundation for the elaboration of a Keynesian theory of credit and financial institutions?," Economics and Quantitative Methods qf0111, Department of Economics, University of Insubria.
  50. Espinosa-Vega, Marco A. & Smith, Bruce D. & Yip, Chong K., 2002. "Monetary Policy and Government Credit Programs," Journal of Financial Intermediation, Elsevier, vol. 11(3), pages 232-268, July.
  51. Fatih OKUR & Ömer AKKUŞ & Atakan DURMAZ, 2019. "The effectiveness of the monetary transmission mechanism channel in Turkey," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 10, pages 161-180, June.
  52. Mahmood -ur- Rahman, 2018. "Financial Development and Monetary Policy Efficiency: Unraveling the Empirical Contradiction and Discovering the True Relation," Economics Bulletin, AccessEcon, vol. 38(1), pages 281-296.
  53. Fry, Maxwell J. & Claessens,Constantijn A. & Burridge, Peter & Blanchet, Marie-Christine, 1995. "Foreign direct investment, other capital flows, and current account deficits : what causes what?," Policy Research Working Paper Series 1527, The World Bank.
  54. English, William B., 2000. "The irrelevance of some forms of credit constraints for government monetary and debt policy," Journal of Economics and Business, Elsevier, vol. 52(1-2), pages 7-30.
  55. Martina Copelman & Alejandro M. Werner, 1995. "The monetary transmission mechanism in Mexico," International Finance Discussion Papers 521, Board of Governors of the Federal Reserve System (U.S.).
  56. Beyhaghi, Mehdi & Firoozi, Fathali & Jalilvand, Abol & Samarbakhsh, Laleh, 2020. "Components of credit rationing," Journal of Financial Stability, Elsevier, vol. 50(C).
  57. Martin Mayer, "undated". "The Asian Disease: Plausible Diagnoses, Possible Remedies, Regulation of Cross-Border Interbank Lending and Derivatives Trade," Economics Public Policy Brief Archive ppb_44, Levy Economics Institute.
  58. Ajay Chhibber & Mansoor Dailami, 1993. "Fiscal Policy and Private Investment in Developing Countries: Recent Evidence on Key Selected Issues," Palgrave Macmillan Books, in: Riccardo Faini & Jaime Melo (ed.), Fiscal Issues in Adjustment in Developing Countries, pages 121-150, Palgrave Macmillan.
  59. Bezemer, Dirk J., 2010. "Understanding financial crisis through accounting models," Accounting, Organizations and Society, Elsevier, vol. 35(7), pages 676-688, October.
  60. Akhand Akhtar Hossain, 2009. "Central Banking and Monetary Policy in the Asia-Pacific," Books, Edward Elgar Publishing, number 12777.
  61. Fry, Maxwell J., 1993. "Foreign direct investment in a macroeconomic framework : finance, efficiency, incentives, and distortions," Policy Research Working Paper Series 1141, The World Bank.
  62. Milani, Carlo, 2014. "Borrower–lender distance and loan default rates: Macro evidence from the Italian local markets," Journal of Economics and Business, Elsevier, vol. 71(C), pages 1-21.
  63. Joseph E. Stiglitz & Andrew Weiss, 1987. "Macro-Economic Equilibrium and Credit Rationing," NBER Working Papers 2164, National Bureau of Economic Research, Inc.
  64. Alejandro Diaz-Bautista & Julio R. Escandon, 2003. "A Simple Dynamic Model of Credit and Aggregate Demand," Macroeconomics 0308001, University Library of Munich, Germany.
  65. Anil K. Kashyap & Jeremy C. Stein, 1994. "Monetary Policy and Bank Lending," NBER Chapters, in: Monetary Policy, pages 221-261, National Bureau of Economic Research, Inc.
  66. Ndanshau, Michael O.A. & Semu, Amanda M., 2023. "Determinants of Bank Credit Supply to the Private Sector in Tanzania," African Journal of Economic Review, African Journal of Economic Review, vol. 11(2), March.
  67. Nicholas Apergis, 2010. "Old Wine in a New Bottle: Are Financial Variables Omitted Variables in the Production Function?," Research in World Economy, Research in World Economy, Sciedu Press, vol. 1(1), pages 2-9, November.
  68. David Bowles & Holley Ulbrich & Myles Wallace, 1989. "Default Risk, Interest Differentials and Fiscal Policy: A New Look at Crowding Out," Eastern Economic Journal, Eastern Economic Association, vol. 15(3), pages 203-212, Jul-Sep.
  69. repec:zbw:iamodp:91954 is not listed on IDEAS
  70. Mitoko, Jeremiah, 2021. "Economics of Microcredit-From current crisis to new possibilities," MPRA Paper 108392, University Library of Munich, Germany.
  71. Cechura, Lukas, 2008. "Investment, Credit Constraints And Public Policy In A Neoclassical Adjustment Cost Framework," IAMO Discussion Papers 91954, Institute of Agricultural Development in Transition Economies (IAMO).
  72. Ben S. Bernanke & Mark L. Gertler, 1985. "Banking in General Equilibrium," NBER Working Papers 1647, National Bureau of Economic Research, Inc.
  73. Akbar, Saeed & Rehman, Shafiq ur & Ormrod, Phillip, 2013. "The impact of recent financial shocks on the financing and investment policies of UK private firms," International Review of Financial Analysis, Elsevier, vol. 26(C), pages 59-70.
  74. Joseph E. Stiglitz & Bruce Greenwald, 1992. "Towards a Reformulation of Monetary Theory: Competitive Banking," NBER Working Papers 4117, National Bureau of Economic Research, Inc.
  75. Annette Detken, 2002. "Nonlinearities in Swiss macroeconomic data," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 138(I), pages 39-60, March.
  76. Jean-Marc Tallon, 1988. "Taux d'intérêt, rationnement du crédit et déséquilibres macroéconomiques," Revue de l'OFCE, Programme National Persée, vol. 24(1), pages 125-161.
  77. Victor Zarnowitz, 1984. "Recent Work on Business Cycles in Historical Perspective: Review of Theories and Evidence," NBER Working Papers 1503, National Bureau of Economic Research, Inc.
  78. Aqib Aslam & Emiliano Santoro, 2008. "Bank Lending, Housing and Spreads," Discussion Papers 08-27, University of Copenhagen. Department of Economics, revised Nov 2008.
  79. Joseph E. Stiglitz, 1988. "Money, Credit, and Business Fluctuations," The Economic Record, The Economic Society of Australia, vol. 64(4), pages 307-322, December.
  80. Apergis, Nicholas & Chatziantoniou, Ioannis, 2021. "Credit supply conditions and business cycles: New evidence from bank lending survey data," Research in International Business and Finance, Elsevier, vol. 55(C).
  81. Noam, Eli, 2004. "Telecommunications: from utility to volatility," Utilities Policy, Elsevier, vol. 12(1), pages 1-4, March.
  82. Bruce Greenwald & Joseph E. Stiglitz, 1987. "Money, Imperfect Information and Economic Fluctuations," NBER Working Papers 2188, National Bureau of Economic Research, Inc.
  83. Wu, Ying, 1999. "More on monetary policy in a small open economy A credit view," International Review of Economics & Finance, Elsevier, vol. 8(2), pages 223-235, June.
  84. Paul Bennett, 1990. "The influence of financial changes on interest rates and monetary policy: a review of recent evidence," Quarterly Review, Federal Reserve Bank of New York, vol. 15(Sum), pages 8-30.
  85. Donald W. Hayes & Cara S. Lown, 1990. "Another look at the credit-output link," Working Papers 9001, Federal Reserve Bank of Dallas.
  86. Moguillansky, Graciela, 2002. "Investment and financial volatility in Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
  87. Hansen, Sten, 1999. "Agency Costs, Credit Constraints and Corporate Investment," Working Paper Series 79, Sveriges Riksbank (Central Bank of Sweden).
  88. SENTURK, Mehmet & AKBAS, Yusuf Ekrem & OZKAN, Gokcen, 2014. "Cross Sectional Dependence and Cointegration Analysis among the GDP-Foreign Direct Investment and Aggregate Credits: Evidence from Selected Developing Countries," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(11), pages 1485-1501, November.
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