id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
79407w64d66	Sebastiaan Roelands	The Role of Banking in the Transmission of Monetary Policy	2013		.txt	text/plain	356	16	57	The final chapter examines why bank loan rates tend to adjust well when the monetary policy rate rises, but not when the policy rate falls. The finding that higher target capital-to-asset ratios cause BHCs to raise loan rates rejects the Modigliani-Miller Theorem that debt versus equity financing should not be a factor in corporate decision-making.	cache/79407w64d66.txt	txt/79407w64d66.txt