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the Eurozone Crisis -- Chapter 5. Monetary Policy Crisis in the Eurozone -- Chapter 6. A Critical Assessment of the Euro … that followed. It further emphasises the asymmetries in the transmission of monetary policy in the Eurozone economies and … account in forming expectations about future inflation and spending. It will be useful to central banking practitioners …
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The paper analyses the transmission of global financial shocks to individual member states of the European Monetary Union (EMU), in which monetary policy is delegated to the ECB and financial markets are fully integrated. Using a panel VAR model, we show that the asymmetric effects of global...
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