✦ LIBER ✦
The balance sheet channel of monetary policy: first empirical evidence for the euro area corporate bond market
✍ Scribed by Gabe de Bondt
- Publisher
- John Wiley and Sons
- Year
- 2004
- Tongue
- English
- Weight
- 138 KB
- Volume
- 9
- Category
- Article
- ISSN
- 1076-9307
- DOI
- 10.1002/ijfe.246
No coin nor oath required. For personal study only.
✦ Synopsis
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 reflects, among other factors, monetary policy and leads real economic activity in the euro area. Copyright © 2004 John Wiley & Sons, Ltd.