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https://doi.org/10.18045/zbefri.2017.2.249

The broad credit and bank capital channels of monetary policy transmission in the core and peripheral Euro Area

Silvo Dajcman ; University of Maribor, Faculty of Economics and Business, Maribor, Slovenia
Josip Tica ; University of Zagreb, Faculty of Economics & Business, Zagreb, Croatia

Puni tekst: engleski, pdf (749 KB) str. 249-275 preuzimanja: 540* citiraj
APA 6th Edition
Dajcman, S. i Tica, J. (2017). The broad credit and bank capital channels of monetary policy transmission in the core and peripheral Euro Area. Zbornik radova Ekonomskog fakulteta u Rijeci, 35 (2), 249-275. https://doi.org/10.18045/zbefri.2017.2.249
MLA 8th Edition
Dajcman, Silvo i Josip Tica. "The broad credit and bank capital channels of monetary policy transmission in the core and peripheral Euro Area." Zbornik radova Ekonomskog fakulteta u Rijeci, vol. 35, br. 2, 2017, str. 249-275. https://doi.org/10.18045/zbefri.2017.2.249. Citirano 22.11.2019.
Chicago 17th Edition
Dajcman, Silvo i Josip Tica. "The broad credit and bank capital channels of monetary policy transmission in the core and peripheral Euro Area." Zbornik radova Ekonomskog fakulteta u Rijeci 35, br. 2 (2017): 249-275. https://doi.org/10.18045/zbefri.2017.2.249
Harvard
Dajcman, S., i Tica, J. (2017). 'The broad credit and bank capital channels of monetary policy transmission in the core and peripheral Euro Area', Zbornik radova Ekonomskog fakulteta u Rijeci, 35(2), str. 249-275. https://doi.org/10.18045/zbefri.2017.2.249
Vancouver
Dajcman S, Tica J. The broad credit and bank capital channels of monetary policy transmission in the core and peripheral Euro Area. Zbornik radova Ekonomskog fakulteta u Rijeci [Internet]. 2017 [pristupljeno 22.11.2019.];35(2):249-275. https://doi.org/10.18045/zbefri.2017.2.249
IEEE
S. Dajcman i J. Tica, "The broad credit and bank capital channels of monetary policy transmission in the core and peripheral Euro Area", Zbornik radova Ekonomskog fakulteta u Rijeci, vol.35, br. 2, str. 249-275, 2017. [Online]. https://doi.org/10.18045/zbefri.2017.2.249

Sažetak
The goal of the paper is to identify and estimate transmission of monetary policy
impulses through the broad credit and bank capital monetary policy transmission
channels in the “core” and “peripheral” countries of the euro area. We employ
the Euro Area Banking Lending Survey to identify the channels. Following
identification, we employ the data in a panel vector autoregression model (PVAR)
to investigate the pass-through of the standard and nonstandard monetary policy
impulses to the gross domestic product (GDP), inflation, and volume of loans. The
results imply that channels are interrelated and the broad credit channel is
relatively stronger than the bank capital channel, while the relative importance of
the bank capital channel is higher in peripheral than core euro area countries.

Ključne riječi
monetary policy; transmission channels; bank credit standards; nonstandard monetary policy

Projekti
HRZZ / IP / IP-2013-11-7031 / SCrEPoDe - Održivost ekonomske politike i razvoja u Hrvatskoj
Slovenian Research Agency / P5-0023 (A) - Podjetništvo za inovativno družbo

Hrčak ID: 191368

URI
https://hrcak.srce.hr/191368

[hrvatski]

Posjeta: 784 *