relevant for monetary policy transmission, in particular the money markets and the bond markets. …The financing structure of the euro area economy has evolved since the global financial crisis with non-bank financial … intermediation taking a more prominent role. This shift affects the transmission of monetary policy. Compared with banks, non …

relevant for monetary policy transmission, in particular the money markets and the bond markets …The financing structure of the euro area economy has evolved since the global financial crisis with non-bank financial … intermediation taking a more prominent role. This shift affects the transmission of monetary policy. Compared with banks, non …

sheets and their monetary policy transmission. The European Central Bank (ECB) extensively reviewed its monetary policy … framework and their relationship with the ECB monetary policy strategy review. Climate-related disclosures, improvements in risk … avenues that central banks, including the ECB, might take to further refine their monetary policy implementation using an …

sheets and their monetary policy transmission. The European Central Bank (ECB) extensively reviewed its monetary policy … framework and their relationship with the ECB monetary policy strategy review. Climate-related disclosures, improvements in risk … avenues that central banks, including the ECB, might take to further refine their monetary policy implementation using an …

sheets and their monetary policy transmission. The European Central Bank (ECB) extensively reviewed its monetary policy … framework and their relationship with the ECB monetary policy strategy review. Climate-related disclosures, improvements in risk … avenues that central banks, including the ECB, might take to further refine their monetary policy implementation using an …

This paper empirically investigates the transmission of systemic risk across the Euro Area by employing a Global VAR … model and we find evidence of the risk-taking channel of monetary policy. However, the relationship is reversed in the … initiation of the QE program has the opposite effect. Finally, the effectiveness of monetary policy exhibits significant …

This paper empirically investigates the transmission of systemic risk across the Euro Area by employing a Global VAR … model and we find evidence of the risk-taking channel of monetary policy. However, the relationship is reversed in the … initiation of the QE program has the opposite effect. Finally, the effectiveness of monetary policy exhibits significant …