Financial systems and the role of banks in monetary policy transmission in the euro area

@inproceedings{Ehrmann2001FinancialSA,
  title={Financial systems and the role of banks in monetary policy transmission in the euro area},
  author={Michael Ehrmann and Patrick Sevestre},
  year={2001}
}
5 Deutsche Bundesbank. This paper represents the authors' personal opinions and does not necessarily reflect the views of the institutions they are affiliated to. We would like to thank the members of the Eurosystem's Monetary Transmission Network and the participants of the monetary economics workshop at the NBER Summer Institute 2001 for helpful discussions and feedback, and especially Ignazio Angeloni, Abstract This paper offers a comprehensive comparison of the structure of banking and… CONTINUE READING
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