Por favor, use este identificador para citar o enlazar este ítem:https://uvadoc.uva.es/handle/10324/67023
Título
Monetary transmission and bank lending: is the single monetary policy homogeneus aross euro area countries
Año del Documento
2019
Editorial
Universidad Camilo José Cela
Descripción
Producción Científica
Documento Fuente
UCJC Business and Society Review, Primer trimestre 2019, vol. 16, nº 61, p. 18-37.
Résumé
We postulate that bank lending is affected by ECB policy via new loans and via the stock of
existing loans. In this context, this paper documents a wide diversity in borrowers’ features,
loan features and price developments across euro area Member States that produces
heterogeneous impacts in bank lending. Thus, countries with higher (lower) inflation, higher
(lower) stock of loans longer (shorter) maturities, and higher (lower) proportion of adjustable
rate loans are affected more (less) when ECB changes its policy rate. The significant
differences in these factors across euro area Member States can distort a homogeneous
transmission of the single monetary policy and generate asymmetries in bank lending.
Materias (normalizadas)
Préstamos bancarios - Países de la Unión Europea
Materias Unesco
5304.06 Dinero y Operaciones Bancarias
Palabras Clave
Bank lending
ECB policy
Price developments
Euro area Member States
ISSN
2659-3270
Revisión por pares
SI
Version del Editor
Idioma
eng
Tipo de versión
info:eu-repo/semantics/publishedVersion
Derechos
openAccess
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