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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/2537

Title: European Integration and the Credit Channel Transmission of Monetary Policy
Authors: Ferreira, Maria Cândida
Keywords: European integration
bank credit
monetary policy transmission
panel estimates
Issue Date: 2009
Publisher: ISEG – Departamento de Economia
Citation: Ferreira, Maria Cândida. 2009. "European Integration and the Credit Channel Transmission of Monetary Policy". Instituto Superior de Economia e Gestão - DE Working papers nº 7-2009/DE/UECE
Series/Report no.: DE Working papers;nº 7-2009/DE/UECE
Abstract: Using pooled panel OLS estimations and dynamic Arellano-Bond GMM estimations with quarterly data for 26 EU countries for the period from Q1 1999 to Q3 2006 this paper confirms the high degree of integration between the EU financial systems, as well as the importance of bank performance conditions to the credit-lending channel of monetary policy in the EU. Furthermore, it demonstrates not only the quite high degree of openness of the financial markets but also their indebtedness and the dependence of the EU banking institutions on the financial resources of other countries.
URI: http://hdl.handle.net/10400.5/2537
ISSN: 0874-4548
Publisher version: http://aquila2.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=94462
Appears in Collections:UECE - Documentos de Trabalho / UECE - Working Papers
DE - Documentos de trabalho / Working Papers

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