Whether and when does banking serve to stabilize the economy? The authors view the banking system as a filter through which foreign and domestic shocks feed through to the domestic economy. The filter can dampen or amplify the shocks through various credit market channels, including credit growth, import of foreign capital, and possibly interest rates. The question is whether the prudential quality of banking, as proxied by measures of regulatory...
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INFORMATION
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2002/06/30
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Document de travail de recherche sur les politiques
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WPS2856
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1
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1
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2010/07/01
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Banking policy and macroeconomic stability - an exploration
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banking system
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