The credit channel transmission of monetary policy in the European Union

Ferreira, Cândida

http://hdl.handle.net/10400.5/12126

Utilize este identificador para referenciar este registo.

Contacte-nos

Autores

Ferreira, Cândida

Resumo(s)

This paper confirms the importance of the financial systems behaviour conditions to the credit channel of monetary policy in the entire European Union (EU). It uses panel fixed- effect estimations and quarterly data for 26 EU countries for the period from Q1 1999 to Q3 2006 in an adaptation of the Bernanke and Blinder (1988) model. The findings also reveal the high degree of foreign dependence and indebtedness of the EU banking institutions and their similar reactions to the macroeconomic and the monetary policy environments.

Palavras-chave

European Integration Bank Credit Monetary Policy Transmission Panel Estimates

URI

http://hdl.handle.net/10400.5/12126

Citação

Ferreira, Cândida. 2009. "The credit channel transmission of monetary policy in the European Union". Instituto Superior de Economia e Gestão - DE Working papers nº 08/2009/DE/UECE

Editora

ISEG : Departamento de Economia

Coleções

DE - Documentos de trabalho / Working Papers
UECE - Documentos de Trabalho / UECE - Working Papers

Ver registo completo