How Monetary Policy Affects the Lending and Economic Activity in a Banking System with Excess Liquidity

Research purpose. The purpose of this paper is to examine the efficiency of the transmission mechanism of the monetary policy in a banking system with excess liquidity. More specifically, it aims to examine how the interest rates of the central bank bills and inflation rate affect total lending and...

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Bibliographic Details

Published in:	Economics and Culture
Main Authors:	Saiti Dashmir, Gockov Gjorgji, Trenovski Borce
Format:	Article
Language:	English
Published:	Sciendo 2021-12-01
Subjects:	interest rates of the central bank bills inflation total lending real gdp monetary policy e43 e31 e51 e52
Online Access:	https://doi.org/10.2478/jec-2021-0014