Purpose – This paper seeks to contribute to the study of the link between financial intermediation and economic growth in the context of the European Union and particularly in the context of the integration of new member-states. Design/methodology/approach – Panel fixed and dynamic...

This paper confirms the importance of bank performance to the credit-lending channel of monetary policy in the countries of the EMU and particularly in Portugal during recent years. The paper's main innovations are (1) its use of macro and microeconomic statistical data; (2) the introduction of...