Credit Channel and Monetary Policy in Emerging Markets - Abdul Majid, Muhamed Zulkhibri
56,99 €
inkl. MwSt.
Versandkostenfrei*
Versandfertig in 1-2 Wochen
payback
28 °P sammeln
  • Broschiertes Buch

The Asian financial crisis in 1997/98 and the U.S sub-prime mortgage crisis in 2007/08 have led to billions in losses and panic in world financial markets, a sharp fall in share prices and a contraction of credit markets. These events have raised further questions on the role of credits, monetary policy and financial markets for attaining macroeconomic stability. The book relates to the above issues by providing new evidence for the credit channel of monetary transmission mechanism. The book highlights that financially constrained firms are severely affected during times of increasing interest…mehr

Andere Kunden interessierten sich auch für
Produktbeschreibung
The Asian financial crisis in 1997/98 and the U.S sub-prime mortgage crisis in 2007/08 have led to billions in losses and panic in world financial markets, a sharp fall in share prices and a contraction of credit markets. These events have raised further questions on the role of credits, monetary policy and financial markets for attaining macroeconomic stability. The book relates to the above issues by providing new evidence for the credit channel of monetary transmission mechanism. The book highlights that financially constrained firms are severely affected during times of increasing interest rates; firm-specific characteristics are an important factor in explaining the corporate financing choices of firms; different monetary conditions affect the rate of interest charged by borrowers to firms; external and internal financing are important determinants of firms investment behaviour, and consistent with other empirical evidences, bank lending channel operating via small and low liquidity institutions.
Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.
Autorenporträt
Dr. Muhamed Zulkhibri Abdul Majid is an economist at Islamic Development Bank specializing in monetary economics, banking and applied econometrics. Previously, he has been a research manager at Central Bank of Malaysia and visiting lecturer at University Putra Malaysia. He received a PhD in monetary economics from University of Nottingham, U.K.