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master-project-2019-alvarez-sofia-barczay-michael-galambos-guadalupe-sandler-ina-schmidt-rasmus-herlow.pdf
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🔗 Source: thevoice.bse.eu
📊 Size: 2.03 MB
📄 Pages: 41 pages
⬇️ Downloads: 70

Summary

The study examines the impact of bank interconnectedness on monetary policy transmission in the Euro Area between 2003 and 2018. It finds that a contractionary monetary policy surprise leads to a reduction in corporate and household loans in countries with low bank interconnectedness, while highly interconnected banking sectors reduce or counteract the impact of monetary policy. The results are robust to various controls and alternative shock specifications.

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The study examines the impact of bank interconnectedness on monetary policy transmission in the Euro Area between 2003 and 2018.

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  • File Format: PDF
  • File Size: 2.03 MB
  • Pages: 41
  • Language: EN
  • Total Downloads: 70
  • Last Updated: 1 month ago

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