Angeloni, Ignazio; Ehrmann, Michael - 2021
: has it changed after - and because of - EMU and, if so, is it becoming homogeneous across countries. Given the data … evidence that the transmission through banks has become more potent and homogeneous across countries because of EMU. On the … even before EMU, and to now affect national economies in a broadly similar way. The asset-market channel (proxied by the …