RT info:eu-repo/semantics/article
T1 Monetary transmission and bank lending: is the single monetary policy homogeneus aross euro area countries
A1 Vallelado González, Eleuterio
A1 Villar Burke, Javier
K1 Préstamos bancarios - Países de la Unión Europea
K1 Bank lending
K1 ECB policy
K1 Price developments
K1 Euro area Member States
K1 5304.06 Dinero y Operaciones Bancarias
AB We postulate that bank lending is affected by ECB policy via new loans and via the stock ofexisting loans. In this context, this paper documents a wide diversity in borrowers’ features,loan features and price developments across euro area Member States that producesheterogeneous impacts in bank lending. Thus, countries with higher (lower) inflation, higher(lower) stock of loans longer (shorter) maturities, and higher (lower) proportion of adjustablerate loans are affected more (less) when ECB changes its policy rate. The significantdifferences in these factors across euro area Member States can distort a homogeneoustransmission of the single monetary policy and generate asymmetries in bank lending.
PB Universidad Camilo José Cela
SN 2659-3270
YR 2019
FD 2019
LK https://uvadoc.uva.es/handle/10324/67023
UL https://uvadoc.uva.es/handle/10324/67023
LA eng
NO UCJC Business and Society Review, Primer trimestre 2019, vol. 16, nº 61, p. 18-37.
NO Producción Científica
DS UVaDOC
RD 07-ago-2024