This paper assesses how the financial system influences the strength of the liquidity effect in a calibrated limited participation model of the monetary transmission mechanism. The model suggests that bankbased systems should be characterized by smaller liquidity effects since monetary...

Deposit and Lending Interest Rate Liberalization Reforms Challenges, Pathways, and Policy Options -- Deposit and Lending Rates: Significance and Impacts of their Liberalization -- China’s Return on Capital and Real Interest Rates in Relation to Investment -- Household Savings Impact of...

On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...