Raju Singh - Academia.edu (original) (raw)
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UNAM Universidad Nacional Autónoma de México
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This paper tries to improve the identification of firms whose access to bank credit would be thre... more This paper tries to improve the identification of firms whose access to bank credit would be threatened by a tightening of monetary policy. It extends a simple competitive credit rationing model with limited collateral by introducing a central bank financing facility. The effects of monetary policy are then examined. Besides the standard interest rate effect, the study shows that a
This paper tries to improve the identification of firms whose access to bank credit would be thre... more This paper tries to improve the identification of firms whose access to bank credit would be threatened by a tightening of monetary policy. It extends a simple competitive credit rationing model with limited collateral by introducing a central bank financing facility. The effects of monetary policy are then examined. Besides the standard interest rate effect, the study shows that a