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Die Arbeit untersucht, inwieweit eine lockere Geldpolitik (definiert als Abweichung von gängigen geldpolitischen Regeln … zunächst festgestellt, dass es kaum theoretische Modelle gibt, die einer zu lockeren Geldpolitik eine plausible Rolle in der … lockere Gelpolitik und eine Hauspreisblase, b) eine lockere Geldpolitik ohne Hauspreisblase und c) keine lockere Geldpolitik …
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The transmission process from policy-controlled interest rates to bank lending rates deserves reconsideration owing to the implementation of the European Monetary Union (EMU) in 1999. Additional attention to the subject in Austria is due to several large banks which, in 2002, have been charged...
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The legal environment, the structure of the financial system as well as the concentration of corporate ownership and the development of the capital market suggest for Austria a high effectiveness of the monetary policy with a strong impact of the lending channel. This supposition was verified...
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