Unconventional Monetary Policy in a Financially Heterogeneous Monetary union

The cross-country interbank market in the euro area was a crucial transmission channel of financial stress. By using a two-country DSGE model of a financially heterogeneous monetary union where banks in one country lend funds to their foreign counterparts, I examine its role as shock amplifer and th...

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Veröffentlicht in:	MAGKS - Joint Discussion Paper Series in Economics (Band 41-2017)
1. Verfasser:	Schwanebeck, Benjamin
Format:	Artikel
Sprache:	Englisch
Veröffentlicht:	2017
Schlagworte:	financial intermediation interbank market; monetary union unconventional policy; Wirtschaft financial frictions Economics
Online-Zugang:	PDF-Volltext
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