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The Bank Lending Channel of Monetary Policy and its Effect on Mortgage Lending
2010
Social Science Research Network
The bank lending channel of monetary policy suggests that banks play a special role in the transmission of monetary policy. We look for this special role by examining the business strategies of banks as it relates to mortgage funding and mortgage lending. "Traditional banks" have a large supply of excess core deposits and specialize in information-intensive lending to borrowers (which is proxied here using mortgage lending in subprime communities), whereas "market-based banks" are funded with
doi:10.2139/ssrn.1895500
fatcat:vy6zxwqpfrcpvayznlr4walonm