This paper surveys the optimum currency area (OCA) literature. It is organised into four
phases: the" pioneering phase" which put forward the OCA theory and its properties, the" …

Against a background of far-reaching structural change in the banking sector, this article
reviews the recent academic literature on developments in European banking. European …

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 …

I estimate the transmission of a common euro area monetary policy shock across individual
euro area economies. To do so, I develop a global VAR model in which all euro area …

This paper presents a complete set of results describing the effects of monetary policy in 10
countries of the Euro area for the pre-EMU period. For each country, we impose one of three …

This paper studies the monetary transmission mechanism in Thailand. It examines the
degree of pass-through from money market rates to retail rates, attempts to quantify the lags …

This paper examines how the ECB's expansionary monetary policy affects income inequality
in 10 euro area countries over the period 1999–2014. We distinguish two channels—labor …

This paper provides a discussion of the 'housing market'channels of the monetary
transmission mechanism and offers some evidence of institutional differences in the …

We investigate the possible existence of asymmetries among Euro Area countries reactions
to the European Central Bank monetary policy. Our analysis is based on a Structural …