haku: @indexterm EUROPEAN MONETARY SYSTEM / yhteensä: 608
viite: 42 / 608
| Tekijä: | Angeloni, I. Ehrmann, M. |
| Otsikko: | Monetary transmission in the euro area: early evidence |
| Lehti: | Economic Policy
2003 : OCT, 37, p. 469-501 |
| Asiasana: | Euro European Monetary System Monetary policy |
| Vapaa asiasana: | Transmission |
| Kieli: | eng |
| Tiivistelmä: | The euro area monetary policy transmission process is examined by using post-1999 data, with two main questions: 1) Has it changed after (and because of) economic and monetary union? and 2) If so, is it becoming homogenous across countries? The study concentrates on three components of the transmission mechanism: the banking, the interest rate and the asset market channels. Evidence is found that the transmission through banks has become more potent and homogenous across countries. |
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