Inside money, investment, and unconventional monetary policy
L Altermatt - International Economic Review, 2022 - Wiley Online Library
I develop a model where banks play a central role in monetary policy transmission. By
credibly committing to repayment, banks can perform liquidity transformation. Illiquid assets …
credibly committing to repayment, banks can perform liquidity transformation. Illiquid assets …
Money and Credit Revisited
H Han, C He - Available at SSRN 3497788, 2019 - papers.ssrn.com
Abstract Gu, Mattesini, and Wright (2016) show that if money is essential, then nomonetary
credit (ie, deferred payment to sellers) is irrelevant. We find that in an otherwise same model …
credit (ie, deferred payment to sellers) is irrelevant. We find that in an otherwise same model …