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Technological innovation and the bank lending channel of monetary policy transmission
(20.12.2023)
BOFIT Discussion Papers 9/2023
BOFIT Discussion Papers 9/2023
This paper studies whether and how banks’ technological innovations affect the bank lending channel of monetary policy transmission. We first provide a theoretical model in which banks’ technological innovation relaxes ...
BigTech credit and monetary policy transmission : Micro-level evidence from China
(13.04.2023)
BOFIT Discussion Papers 2/2023
BOFIT Discussion Papers 2/2023
ABSTRACT
This paper studies monetary policy transmission through BigTech and traditional banks. By comparing business loans made by a BigTech bank with those made by traditional banks, it finds that BigTech credit amplifies ...
China’s macroeconomic policies and spillover effects
(26.09.2023)
BOFIT Discussion Papers 5/2023
BOFIT Discussion Papers 5/2023
This paper provides a brief overview of China’s capital controls, external asset holdings and the real interest rate, and analyzes the quantitative effects of China’s macroeconomic policies between 2000 and 2015, including ...