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Dampening the financial accelerator? Direct lenders and monetary policy

Bank of International Settlements
November 22, 2021

by Ryan Niladri Banerjee and José María Serena Garralda
In this paper we investigate the role they play in the monetary policy transmission mechanism, using syndicated loan data covering the 2000-2018 period.

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Dampening the financial accelerator? Direct lenders and monetary policy

Table of Contents

Most recent by Bank of International Settlements

Project Helvetia Phase II: Settling tokenised assets in wholesale CBDC

The premia on state-contingent sovereign debt instruments

Zombies on the brink: Evidence from Japan on the reversal of monetary policy effectiveness

Platform-based business models and financial inclusion

Building benchmarks portfolios with decreasing carbon footprints

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Dampening the financial accelerator? Direct lenders and monetary policy