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This paper addresses the issue of bank lending channel in Brazil using monthly aggregate data in the range 1995/2010, in a structural cointegrated VAR. Following techniques previously used by Huelsewig et al (2005) and Walsh and Wilcox (1995) and applying a VECM model, it is estimated the response of bank loans to a monetary policy shock and to identify demand and supply of loans. The results show evidence of the operation of the credit channel in Brazil, and through the historical decomposition of the variance observes the role of credit in the performance of industrial product during recent phases of expansion and contraction of the Brazilian economy. Keywords: Bank Lending Channel, VECM, Monetary Policy.

This is a LaTeX homework template I used for my coding theory course, ornamented with supplementary packages, such as Tikz. (The Venn diagram is created by me as well.)

Long Professional Curriculum Vitae LaTeX Template Version 1.1 (9/12/12) This template has been downloaded from: http://www.latextemplates.com and available on Overleaf here Original author: Rensselaer Polytechnic Institute Modified by: Daniel L Marks 3/28/2015

kriegers flak

Descro

"ModernCV" CV and Cover Letter LaTeX Template Version 1.1 (9/12/12) This template has been downloaded from: http://www.LaTeXTemplates.com Original author: Xavier Danaux (xdanaux@gmail.com) License: CC BY-NC-SA 3.0 (http://creativecommons.org/licenses/by-nc-sa/3.0/) Important note: This template requires the moderncv.cls and .sty files to be in the same directory as this .tex file. These files provide the resume style and themes used for structuring the document.

Template for Math Exams at Middle East Technical University, Northern Cyprus Campus

Spanish homework of precepts for Linear Algebra

Mate