Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 1999 erstellt
Description:
This paper investigates the interactions between investment, money holding and bank borrowing by private non-financial corporations (PNFCs). Long-run relationships are identified for investment, money and borrowing, and the dynamics indicate the existence of feedbacks from money and credit disequilibria onto investment. The results are considered to be consistent with the existence of a credit channel