Tamanho da fonte:
Effects of Monetary Policy on Corporations in Brazil: An Empirical Analysis of the Balance Sheet Channel
Última alteração: 02-06-2008
Resumo
This paper investigates the transmission mechanism of monetary policy in Brazil. It is an empirical analysis of the effects of monetary policy on the behavior of corporations in Brazil. We use the balance sheet theory to investigate how corporations respond to monetary contractions. Our results show that small corporations are more sensitive to monetary contractions than large corporations.
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