Discussion Paper
Private Credit Growth and Monetary Policy Transmission
Abstract: In this note, we examine the recent growth of private credit markets and its effects on monetary policy transmission. We find that private credit has grown by competing with or substituting other forms of credit and by lending to a set of borrowers that have difficulty obtaining credit otherwise.
https://doi.org/10.17016/2380-7172.3565
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2024-08-02
Number: 2024-08-02-1