External finance, and the credit channel of transmission of monetary policy in the UK manufacturing industry
Understanding the mechanism through which monetary policy affects real economic activity is a very important issue for attaining macroeconomic stability. Financial innovations during the last two decades and imperfections in the financial markets make this mechanism more complicated. The link betwee...
| Main Author: | |
|---|---|
| Published: |
University of Nottingham
2004
|
| Subjects: | |
| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.410350 |