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How Have Global Shocks Impacted the Real Effective Exchange Rates of Individual Euro Area Countries Since the Euro's Creation?
Bussière, Matthieu; Chudik, Alexander; Mehl, Arnaud - 2011
before EMU, i.e. to that of the economy that used to issue Europe's most credible legacy currency. By contrast, post …
Persistent link: https://www.econbiz.de/10014179429
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Financial Systems and the Role of Banks in Monetary Policy Transmission in the Euro Area
Ehrmann, Michael - 2010
This paper offers a comprehensive comparison of the structure of banking and financial markets in the euro area. Based on this, several hypotheses about the role of banks in monetary policy transmission are developed. Many of the predictions that have been proposed for the U.S. are deemed...
Persistent link: https://www.econbiz.de/10013134951