文章基本信息

标题：The credit channel transmission of monetary policy in the European Union:a panel data approach
本地全文：下载
作者：Cândida Ferreira
期刊名称：Banks and Bank Systems
印刷版ISSN：1816-7403
电子版ISSN：1991-7074
出版年度：2010
卷号：5
期号：2
页码：230-240
语种：English
出版社：LLC "CPC "Business Perspectives"
摘要：This paper seeks to contribute to the analysis of the financial integration,the importance of bank performance condi tions and the bank lending channel transmission of monetary policy in the European Union countries since 1999. 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 it 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.
关键词：European integration;bank credit;monetary policy transmission;panel estimates