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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

Gatekeeping the gatekeepers: when big techs and fintechs own banks – benefits, risks and policy options

Bank opacity – patterns and implications

Monetary policy and endogenous financial crises

Informational switching costs, bank competition, and the cost of finance

Central bank digital currencies (CBDCs) in Latin America and the Caribbean

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Dampening the financial accelerator? Direct lenders and monetary policy