The effect of financial depth on monetary transmission
ICFAI Journal of monetary economics, 2007, V, 2, 63-73
PITZEL, Danny, UUSKULA, Lenno, The effect of financial depth on monetary transmission, ICFAI Journal of monetary economics, 2007, V, 2, 63-73 - http://hdl.handle.net/1814/17421
Retrieved from Cadmus, EUI Research Repository
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.
Cadmus permanent link: http://hdl.handle.net/1814/17421
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