banquedefranceBanque de France134389077440089292812/29/2020 - 13:05📝 [Working Paper] Monetary policy affects credit supply through banks’ cost of funding. When banks cannot fully adjust their cost of deposit funding to changes in monetary policy they contract lending and reallocate credit towards riskier firms ➡https://t.co/Kw82lwQZLY #BdfEco