| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6331 |
| DP6331 Monetary Policy with Model Uncertainty: Distribution Forecast Targeting | |
| Lars E.O. Svensson; Noah Williams | |
| 发表日期 | 2007-06-08 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | We investigate whether information sharing among banks has affected credit market performance in the transition countries of Eastern Europe and the former Soviet Union, using a large sample of firm-level data. Our estimates show that information sharing is associated with improved availability and lower cost of credit to firms, and that this correlation is stronger for opaque firms than transparent firms. In cross-sectional estimates, we control for variation in country-level aggregate variables that may affect credit, by examining the differential impact of information sharing across firm types. In panel estimates, we also control for the presence of unobserved heterogeneity at the firm level and for changes in selected macroeconomic variables. |
| 主题 | Financial Economics |
| 关键词 | Credit access Information sharing Transition countries |
| URL | https://cepr.org/publications/dp6331 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535162 |
| 推荐引用方式 GB/T 7714 | Lars E.O. Svensson,Noah Williams. DP6331 Monetary Policy with Model Uncertainty: Distribution Forecast Targeting. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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