Monthly Archives: November 2014

Monetary Policy and Credit Supply

In the last post I discussed the ‘new empirical banking literature’. I explained that the main advance of this literature is to control for any firm heterogeneity, which determines most of the credit demand. They can do that because they … Continue reading

Posted in Uncategorized | Tagged , , | Leave a comment

New Empirical Banking Literature

During the last six years, there has been an important increase in top-published articles on empirical banking. Needless to say, the financial crisis has contributed to this increase; however, the most important change has come from the availability of very … Continue reading

Posted in Uncategorized | Tagged , | Leave a comment