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What is reverse causation and how does it relate to reduced-form evidence on monetary policy transmission?
Commercial Banks
Commercial banks are financial institutions that accept deposits, offer checking account services, and make loans to individuals and businesses.
Horizontal Merger
A business consolidation that occurs between two firms that operate in the same industry, often aimed at increasing market share and reducing competition.
Conglomerate Merger
A type of merger where two companies that operate in entirely different industries combine resources or operations.
Not-for-profit Organizations
entities that operate for purposes other than making a profit, often focusing on social, educational, humanitarian, or cultural objectives.
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