Ferrando, Annalisa; McAdam, Peter; Petroulakis, Filippos; … - 2022
by market structure. First, we use as an experiment the announcement of the ECB Outright Monetary Transactions (OMT …Monetary policy aims at affecting corporate borrowing by influencing the marginal costs of firms, but its potency can … competition setting. We then exploit changes in monetary policy to examine whether the pass-through of borrowing costs is affected …