Granular Loan Search Foundations of the Heterogenous Effects of Monetary Policy

We will provide two major contributions.b First,we characterize the granular facts on business lending in Malaysia using the novel Malaysian Credit Registry data. We will advance evidence and measurements on the frictions in business lending, and how such lending activity may react overtime to economic and policy changes. This study of liquidity frictions matters for understanding how monetary policy transmits through a heterogeneous business sending channel.