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        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street
        The Connection between Wall Street and Main Street

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        The Connection between Wall Street and Main Street

        ABSTRACT

        This paper proposes a measure of the extent to which a financial sector is connected to the real economy. The Measure of Connectedness is a measure of the composition of assets, namely the share of credit to the non-financial sectors over the total credit market instruments. The aggregate Measure of Connectedness for the United States declines by about 27 percent in the period 1952–2009. The authors suggest that this increase in disconnectedness between the financial sector and the real economy may have dampened the sensitivity of the real economy to monetary shocks. They present a stylized model that illustrates how interbank trading can reduce the sensitivity of lending to the entrepreneur's net wor ....read more

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        DOCUMENT INFO

        • TypeReport, Research Paper
        • PriceFree
        • FormatPDF
        • Size604 KB
        • LanguageEnglish
        • Stacks0
        • Postedabout 4 years ago
        • Authored-
        • Added byHashdoc Content Review
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