Large French banks have restructured over the last two decades responding to the evolution of the French banking system, European union integration, and globalization. Using financial time‐series and cross‐sectional data of three major French banks (Societe Generale, BNP Paribas, and Credit...

This study reveals how a Korean monetary transmission mechanism evolves in the tumultuous decade of the 1990s. We show that (i) contractionary monetary policy shocks have more explanatory power for the post‐crisis periods than for the pre‐crisis period; (ii) the effects on output from...