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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Publié dans: | MAGKS - Joint Discussion Paper Series in Economics (Band 41-2017) |
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Format: | Article |
Langue: | anglais |
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Philipps-Universität Marburg
2017
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Accès en ligne: | Texte intégral en PDF |
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MAGKS - Joint Discussion Paper Series in Economics