Fragmentation and Monetary Policy in the Euro Area is popular PDF and ePub book, written by Mr.Ali J Al-Eyd in 2013-10-04, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Fragmentation and Monetary Policy in the Euro Area can be Read Online from any device for your convenience.
Fragmentation and Monetary Policy in the Euro Area Book PDF Summary
The ECB has taken a range of actions to address bank funding problems, eliminate excessive risk in sovereign markets, and safeguard monetary transmission. But euro area financial markets have remained fragmented, driving retail interest rates in stressed markets far above those in the core. This has impeded the flow of credit and undermined the transmission of monetary policy. Analysis presented here indicates that the credit channel of monetary policy has broken down during the crisis, particularly in stressed markets, and that SMEs in these economies appear to be most affected by elevated lending rates.Given these stresses, the ECB can undertake additional targeted policy measures, including through additional term loans, collateral policies, and private asset purchases.
Detail Book of Fragmentation and Monetary Policy in the Euro Area PDF
- Author : Mr.Ali J Al-Eyd
- Release : 04 October 2013
- Publisher : International Monetary Fund
- ISBN : 9781484365113
- Genre : Business & Economics
- Total Page : 32 pages
- Language : English
- PDF File Size : 15,5 Mb
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