Compare the impact of a given change in monetary policy in two economies that are similar in
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Compare the impact of a given change in monetary policy in two economies that are similar in every way except that, in Economy A, the fi nancial system is very evolved with a large shadow banking system providing many alternatives to bank fi nancing, while in Economy B, bank loans account for almost all of the fi nancing in the economy.
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Related Book For
Money Banking And Financial Markets
ISBN: 9780073375908
3rd Edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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