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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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 41-2017)
Main Author: Schwanebeck, Benjamin
Format: Article
Language:English
Published: Philipps-Universität Marburg 2017
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Online Access:PDF Full Text
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