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This paper explores the potential effectiveness of the ECB's Outright Monetary Transaction (OMT) program in safeguarding an appropriate monetary policy transmission. Since the program aims at manipulating bank lending rates by conducting sovereign bond purchases on secondary markets, a stable...
Persistent link: https://www.econbiz.de/10013057668
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This paper employs a panel vector autoregressive model for the member countries of the Euro Area to explore the role of banks during the slump of the real economy that followed the financial crisis. In particular, we seek to quantify the macroeconomic effects of adverse loan supply shocks, which...
Persistent link: https://www.econbiz.de/10013316038
modern EU industrial policy. A modern industrial policy is seen as a non-traditional policy towards the industrial sector …-fabrication stages. The book targets three market segments: academics; policy and decision-makers at the EU, national and regional level … European Union’s industry - Krzysztof Falkowski -- EU Economic policy coordination and industrial policies of Member states of …
Persistent link: https://www.econbiz.de/10012397103
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