Roosa effect (locking-in-effect effect) - Negative impact on the supply of credit, which is caused by restrictive monetary policy. The rise in the market interest rate triggered by tightening of monetary conditions causes a fall in the prices of securities held by banks. Less attractive is the sale of these securities in order to obtain funds for lending activities, which in turn will be more profitable due to higher interest rates. In this situation, the sale of securities would lead to capital losses, so their supply is limited. Bibliography
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List 44
Open letter to the Sejm of the People's Republic of Poland, from the number of signatories also referred to as the Letter of forty-four (Letter 44) - a document deposited at the Chancellery of the Polish People's Party (April 29, 1982), in protest against internment and other Resolutions met the activists of NSZZ Solidarność after the imposition of martial law on December 13, 1981. The letter was signed by forty representatives of various professions (architects, teachers, doctors, economists, engineers, actors), Solidarity sympathizers, especially from the Jelenia Góra Region. wiki
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