The Bank Lending Channel of Monetary Transmission in Brazil A VECM Approach

This paper tests for the existence of a bank lending channel in the transmission of monetary policy in Brazil using monthly aggregate data for the period 1995:12 through 2008:6. The test is carried out in a VECM setting that allows for multiple cointegrating relationships among the variables of inte...

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Bibliographic Details
Main Author: de Mello, Luiz (-)
Other Authors: Pisu, Mauro
Format: eBook Section
Published: Paris : OECD Publishing 2009.
Series:OECD Economics Department Working Papers, no.711.
See on Biblioteca Universitat Ramon Llull:

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