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A monetary vector error correction model of the Euro area and implications for monetary policy

✍ Scribed by Oliver Holtemöller


Publisher
Springer-Verlag
Year
2004
Tongue
English
Weight
362 KB
Volume
29
Category
Article
ISSN
0377-7332

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## Abstract The balance sheet channel of monetary policy working through the euro area corporate bond market is important, as shown by empirical results based on different methods for the first two and a half years since the introduction of the euro. The external finance premium on corporate bonds