Cappiello, Lorenzo; Kadareja, Arjan; Sørensen, … - 2010
evidence for the existence of a bank lending channel of monetary policy transmission in the euro area. In addition, and in … contrast to recent findings for the US, we find that in the euro area changes in the supply of credit, both in terms of volumes … behind giving monetary and credit analysis a prominent role in the monetary policy strategy of the ECB. It also points to the …