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This paper applies the identified VAR methodology to synthetic euro area data from 1980 till 1998 to study the macro-economic effects of an unexpected change in monetary policy in the euro area. The focus is on the area-wide monetary transmission. It is shown that the overall macro-economic...
Persistent link: https://www.econbiz.de/10013320267
We analyse the effects of supranational versus national banking supervision on credit supply, and its interactions with … monetary policy. For identification, we exploit: (i) a new, proprietary dataset based on 15 European credit registers; (ii) the … supervision reduces credit supply to firms with very high ex-ante and ex-post credit risk, while stimulating credit supply to …
Persistent link: https://www.econbiz.de/10012137670
We analyse the effects of supranational versus national banking supervision on credit supply, and its interactions with … monetary policy. For identification, we exploit: (i) a new, proprietary dataset based on 15 European credit registers; (ii) the … supervision reduces credit supply to firms with very high ex-ante and ex-post credit risk, while stimulating credit supply to …
Persistent link: https://www.econbiz.de/10012844932
We analyse the effects of supranational versus national banking supervision on credit supply, and its interactions with … monetary policy. For identification, we exploit: (i) a new, proprietary dataset based on 15 European credit registers; (ii) the … supervision reduces credit supply to firms with very high ex-ante and ex-post credit risk, while stimulating credit supply to …
Persistent link: https://www.econbiz.de/10012389552
with monetary policy. For identification, we exploit: (i) a new, proprietary dataset based on 15 European credit registers …-country difference within and outside the euro area. First, supranational supervision reduces credit supply to firms with high credit … risk, but strengthens credit supply to firms without loan delinquencies, especially for banks operating in stressed …
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