Banking Conditions and The Credit Crunch : Implications for Monetary Growth and The Economy  

Oleh:

Clair, Robert T. ; Rosenblum, Harvey

Jenis: Article from Bulletin/Magazine
Dalam koleksi: BUSINESS ECONOMICS vol. 28 no. 2 (1993), page 42-47.
Topik: BANKING; banking conditions; credit crunch; monetary growth; economy

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: BB20.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

M2 growth is weak and below its forecasted value from late 1990 to 1992. The causes are probably increased reinvestment risk of M2 introduced by FIRREA and credit crunches caused by regional banking downturns. Traditional models of money demand and supply do not account for reinvestment risk and bottlenecks in the deposit creation process. A regional analysis of contraction in small time deposits shows that M2 is most depressed in the region safficted by credit crunches. The credit crunch, however, is not being exacerbated by weak M2 growth.

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