Kashyap, Anil. <br/><br/>
Monetary Policy and Bank Lending / 
Anil Kashyap, Jeremy C. Stein. 
 - Cambridge, Mass.  National Bureau of Economic Research  1993. 
 - 1 online resource:  illustrations (black and white); 
 - NBER working paper series  no. w4317 .
 - Working Paper Series (National Bureau of Economic Research)  no. w4317. .
<br/><br/> April 1993. 
<br/><br/> This paper surveys recent work that relates to the "lending" view of monetary policy transmission. It has three main goals: 1) to explain why it is important to distinguish between the lending and "money" views of policy transmission; 2) to outline the microeconomic conditions that are needed to generate a lending channel; and 3) to review the empirical evidence that bears on the lending view. 
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