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Books > Business & Economics > Economics > International economics > International finance
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Financial Structure and Monetary Transmission in Europe - A Cross-Country Study (Hardcover)
Loot Price: R2,904
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Financial Structure and Monetary Transmission in Europe - A Cross-Country Study (Hardcover)
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Due to financial market imperfections it is imperative to analyse
the relationship between financial structure and the monetary
policy transmission process in Europe to effectively design and
implement European monetary policy. Focusing on the years 1980-1995
and providing empirical evidence for six European countries, namely
Germany, France, Italy, the UK, Belgium and the Netherlands, the
author discusses whether cross-country variations in financial
structure have a systematic relationship with inter-country
differences in the monetary transmission process. The analysis of
this is invaluable as differences in financial structures across
EMU countries may hamper the implementation of a common European
monetary policy in the future. The conclusion is that some elements
of the financial structure are clearly relevant and applicable for
European monetary policy and the monetary transmission process in
particular. This highly topical book will be of great interest to
academics and professional economists in the field of financial,
macro and monetary economics and the economics of European
integration.
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