Journal Article
The role of banks in monetary policy: a survey with implications for the European Monetary Union
Abstract: This article begins with a review of the growing literature on the role of banks in the transmission of monetary policy. The authors then discuss the implications of this literature for the operation of monetary policy in the European monetary union.
Keywords: Monetary unions - European Union countries; Monetary policy; Banks and banking;
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Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 1997
Volume: 22
Issue: Sep