European Integration and the Credit Channel Transmission of Monetary Policy

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/10400.5/2537
Resumo: 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.
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spelling European Integration and the Credit Channel Transmission of Monetary PolicyEuropean integrationbank creditmonetary policy transmissionpanel estimatesUsing 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.ISEG – Departamento de EconomiaRepositório da Universidade de LisboaFerreira, Maria Cândida2010-11-19T12:33:35Z20092009-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/2537engFerreira, 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/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:RCAAP2023-03-06T14:33:43Zoai:www.repository.utl.pt:10400.5/2537Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T16:50:32.183010Repositório 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 European Integration and the Credit Channel Transmission of Monetary Policy
title European Integration and the Credit Channel Transmission of Monetary Policy
spellingShingle European Integration and the Credit Channel Transmission of Monetary Policy
Ferreira, Maria Cândida
European integration
bank credit
monetary policy transmission
panel estimates
title_short European Integration and the Credit Channel Transmission of Monetary Policy
title_full European Integration and the Credit Channel Transmission of Monetary Policy
title_fullStr European Integration and the Credit Channel Transmission of Monetary Policy
title_full_unstemmed European Integration and the Credit Channel Transmission of Monetary Policy
title_sort European Integration and the Credit Channel Transmission of Monetary Policy
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 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.
publishDate 2009
dc.date.none.fl_str_mv 2009
2009-01-01T00:00:00Z
2010-11-19T12:33:35Z
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/10400.5/2537
url http://hdl.handle.net/10400.5/2537
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 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
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
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instacron_str RCAAP
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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
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