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Credit channel
Research Brief
Monetary policy and firm size in South Africa

Monetary policy affects the real economy through various channels, including the interest rate, exchange rate, credit, and asset price channels. The credit channel has recently received considerable attention...

Credit channel Firm heterogeneity Financial constraints
Working Paper
The size distribution of monetary policy effects among South African manufacturing firms: Firm-level evidence from administrative tax data

Monetary policy is believed to have a disproportionate effect on firms, depending on their size...

Credit channel Firm heterogeneity Financial constraints
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