著者紹介

内容

目次

Part I. Introduction: Mario I. Blejer, Zvi Eckstein, Zvi Hercowitz andLeonardo Leiderman; Part II. Transmission of Credit Policy: 1. The role ofcredit market imperfections in the monetary transmission mechanism: argumentsand evidence Mark Gertler and Simon Gilchrist; 2. Identification and theeffects of monetary policy shocks Lawrence J. Christiano, Martin Eichenbaumand Charles Evans; 3. Credit market imperfections and low-output equilibriain economies in transition Guillermo A. Calvo and Fabrizio Coricelli; PartIII. International Financial Factors: 4. Transparency and the evolution ofexchange rate flexibility in the aftermath of disinflation Alex Cukierman,Miguel Kiguel and Leonardo Leiderman; 5. Cross-border banking Jonathon Eaton;6. Immigration and growth under imperfect capital mobility: the case ofIsrael Zvi Hercowitz, Nirit Kantor and Leora Meridor; Part IV. FinancialInnovation and Growth: 7. Interpreting monetary stabilization in a growthmodel with credit goods production Rao Aiyagari and Zvi Eckstein; 8. Themacroeconomic effects of financial innovation: the case of Israel RafaelMelnik and Eran Yashiv.