This paper offers a comprehensive comparison of the structure of banking and financial
markets in the euro area. Based on this, several hypotheses about the role of banks in …

Proper conduct of monetary policy requires understanding the monetary transmission
mechanism, to monitor the economy, make decisions on the stance of policy, and explain …

Drawing on recent Eurosystem research that uses a range of econometric techniques and a
number of new data sets, we propose a comprehensive description of how monetary policy …

This paper presents evidence on the monetary transmission process in the euro area, based
on macroeconomic data and on micro data on banks. According to the estimations of macro …

This paper presents an overview of the results of a research project on monetary
transmission pursued by the Eurosystem, which has analyzed micro data on firms and banks …

This paper examines the bank lending channel of monetary policy transmission and the
effect of banking sector and capital market development on the lending channel using the …

The dynamic relationship between a money market (interbank) rate and different short-term
lending rates is analysed by measuring the pass-through process between these rates in the …

In this paper we analyse the interest rate pass-through in Hungary, with the help of ECM and
TAR models, using both aggregated and bank level data. According to the linear ECM …

This paper presents empirical evidence of the existence of a bank lending channel in the
Netherlands by analyzing the responses of different borrower groups to a contraction of …

This article analyses the effects of bank-specific characteristics, bank specialization and
portfolio concentrations on the transmission of monetary policy via the bank-lending channel …