Private Credit Growth and Monetary Policy Transmission
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.
Authors
- Ahmet Değerli (ORCID: https://orcid.org/0000-0001-9974-0372)
- Phillip Monin (ORCID: https://orcid.org/0000-0001-6595-4700)
Institutions
- Federal Reserve (US)
- Federal Reserve Board of Governors (US)
Publication Details
- Journal
- FEDS Notes
- Published
- 2024-08-01
- DOI
- https://doi.org/10.17016/2380-7172.3565
- Citations
- 5
- Primary Topic
- Global Financial Crisis and Policies
- Type
- article
- Field-Weighted Citation Impact
- 2.70