The effect of financial depth on monetary transmission
Title: The effect of financial depth on monetary transmission
Citation: ICFAI Journal of monetary economics, 2007, V, 2, 63-73
Several papers have looked at the relationship between country-specific factors and the strength of monetary transmission. For example, Cecchetti (1999) concentrated on legal aspects, while De Grauwe and Storti (2004) focused more on the financial structure of the economy. The objective of this paper is to measure how financial development variables influence the strength of monetary transmission in the European countries. This paper employs a meta-analysis technique that has gained much popularity in recent years. According to the results, monetary transmission in Europe is strongly influenced by financial depth and structure.
Subject: Monetary economics; Transmission mechanism; Financial systems; Economic development; Financial regulation; Financial economics; Europe
Files in this item
There are no files associated with this item.