Banker’s Preferences and Monetary Control Journal Articles

abstract

• In this paper a formal output-adjusting macroeconomic model, incorporating a credit-producing sector, is used to analyse the impact of the lending preferences on the strength of monetary policy in general, and on the feasibility of consumer credit control in particular. The impact of monetary policy is seen to depend on both financial portfolio reactions and real portfolio reactions. Consumer credit control is shown to be a potentially independent instrument of monetary control.

authors

• Butterfield, DW
• Kubursi, Atif

status

• published 

publication date

• 1988

published in

• Économie appliquée  Journal

Digital Object Identifier (DOI)

• 10.3406/ecoap.1988.2072

start page

• 109

end page

• 127

volume

• 41

issue

• 1