The Credit Channel Transmission of Monetary Policy in the European Union

Detalhes bibliográficos
Autor(a) principal: Ferreira, Maria Cândida
Data de Publicação: 2009
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/2538
Resumo: This paper confirms the importance of the financial systems behaviour conditions to the credit channel of monetary policy in the entire European Union (EU). It uses panel fixed-effect estimations and quarterly data for 26 EU countries for the period from Q1 1999 to Q3 2006 in an adaptation of the Bernanke and Blinder (1988) model. The findings also reveal the high degree of foreign dependence and indebtedness of the EU banking institutions and their similar reactions to the macroeconomic and the monetary policy environments.
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spelling The Credit Channel Transmission of Monetary Policy in the European UnionEuropean integrationbank creditmonetary policy transmissionpanel estimatesThis paper confirms the importance of the financial systems behaviour conditions to the credit channel of monetary policy in the entire European Union (EU). It uses panel fixed-effect estimations and quarterly data for 26 EU countries for the period from Q1 1999 to Q3 2006 in an adaptation of the Bernanke and Blinder (1988) model. The findings also reveal the high degree of foreign dependence and indebtedness of the EU banking institutions and their similar reactions to the macroeconomic and the monetary policy environments.ISEG – Departamento de EconomiaRepositório da Universidade de LisboaFerreira, Maria Cândida2010-11-19T14:31:35Z20092009-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/2538engFerreira, Maria Cândida. 2009. "The Credit Channel Transmission of Monetary Policy in the European Union". Instituto Superior de Economia e Gestão - DE Working papers nº 8-2009/DE/UECE0874-4548info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-11-20T19:28:34Zoai:repositorio.ul.pt:10400.5/2538Portal AgregadorONGhttps://www.rcaap.pt/oai/openairemluisa.alvim@gmail.comopendoar:71602024-11-20T19:28:34Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The Credit Channel Transmission of Monetary Policy in the European Union
title The Credit Channel Transmission of Monetary Policy in the European Union
spellingShingle The Credit Channel Transmission of Monetary Policy in the European Union
Ferreira, Maria Cândida
European integration
bank credit
monetary policy transmission
panel estimates
title_short The Credit Channel Transmission of Monetary Policy in the European Union
title_full The Credit Channel Transmission of Monetary Policy in the European Union
title_fullStr The Credit Channel Transmission of Monetary Policy in the European Union
title_full_unstemmed The Credit Channel Transmission of Monetary Policy in the European Union
title_sort The Credit Channel Transmission of Monetary Policy in the European Union
author Ferreira, Maria Cândida
author_facet Ferreira, Maria Cândida
author_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Ferreira, Maria Cândida
dc.subject.por.fl_str_mv European integration
bank credit
monetary policy transmission
panel estimates
topic European integration
bank credit
monetary policy transmission
panel estimates
description This paper confirms the importance of the financial systems behaviour conditions to the credit channel of monetary policy in the entire European Union (EU). It uses panel fixed-effect estimations and quarterly data for 26 EU countries for the period from Q1 1999 to Q3 2006 in an adaptation of the Bernanke and Blinder (1988) model. The findings also reveal the high degree of foreign dependence and indebtedness of the EU banking institutions and their similar reactions to the macroeconomic and the monetary policy environments.
publishDate 2009
dc.date.none.fl_str_mv 2009
2009-01-01T00:00:00Z
2010-11-19T14:31:35Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/2538
url http://hdl.handle.net/10400.5/2538
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Ferreira, Maria Cândida. 2009. "The Credit Channel Transmission of Monetary Policy in the European Union". Instituto Superior de Economia e Gestão - DE Working papers nº 8-2009/DE/UECE
0874-4548
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv ISEG – Departamento de Economia
publisher.none.fl_str_mv ISEG – Departamento de Economia
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv mluisa.alvim@gmail.com
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