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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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Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 41-2017)
Main Author: Schwanebeck, Benjamin
Format: Article
Language:English
Published: 2017
Subjects:
financial frictions
Wirtschaft
financial intermediation
unconventional policy;
interbank market; monetary union
Economics
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Call Number: urn:nbn:de:hebis:04-es2024-04798
Publication Date: 2024-01-19
Downloads: 6 (2025), 48 (2024)
License: https://creativecommons.org/publicdomain/mark/1.0
Access URL: https://archiv.ub.uni-marburg.de/es/2024/0479
https://doi.org/10.17192/es2024.0479

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