Essays on the role of banking sector in transmission mechanism and business cycle
The financial friction is shown to depend on the corporate balance sheet condition, bank capital ratio, and liquidity premium. Given the banks' liability composition is constant, the higher the liquidity premium, the larger is the EFP. Similarly, given the liquidity premium is constan...
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Cardiff University
2010
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| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.584823 |