years 1980-1995 and providing empirical evidence for six European countries, namely Germany, France, Italy, the UK, Belgium … and the Netherlands, the author discusses whether cross-country variations in financial structure have a systematic …

whether there is convergence in monetary transmission. The countries included are: Belgium, France, Germany, Italy, the … Netherlands and Spain, and the sample period is 1980-2000. We conclude that major differences in pass-through exist in our sample …