Monetary transmission and bank lending: is the single monetary policy homogenous across euro area countries?
We postulate that bank lending is affected by ECB policy via new loans and via the stock of existing loans. In this context, this paper documents a wide diversity in borrowers’ features, loan features and price developments across euro area Member States that produces heterogeneous impacts in ban...
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| Format: | Article |
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| Language: | English |
| Published: |
Universidade de Santiago de Compostela
2019-03-01
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| Series: | Revista Galega de Economía |
| Online Access: | https://ojs3usc.devxercode.es/index.php/ubr/article/view/2958 |
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