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transmission of monetary policies of the U.S., euro area, Japan, and United Kingdom. Two other studies use international data with ….S. policies, and bank-specific heterogeneity influences the magnitudes of transmission. The effects are supportive of the … international bank lending channel and the portfolio channel of monetary policy transmission. They also show that the frictions that …
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The classical Heckscher-Ohlin-Mundell paradigm states that trade and capital mobility are substitutes, in the sense that trade integration reduces the incentives for capital to flow to capital-scarce countries. In this paper we show that in a world with heterogeneous financial development, the...
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transmission of monetary policies of the U.S., euro area, Japan, and United Kingdom. Two other studies use international data with ….S. policies, and bank-specific heterogeneity influences the magnitudes of transmission. The effects are supportive of the … international bank lending channel and the portfolio channel of monetary policy transmission. They also show that the frictions that …
Persistent link: https://www.econbiz.de/10011877813