Economics, Econometrics and Finance
8 years ago

Italian banks revolutionize monetary policy transmission, impacting economy and society.

Cambridge University Press eBooks
The Italian banking system and monetary policy transmission: evidence from bank-level data
Leonardo Gambacorta

Paper Summary

The study looked at how monetary policy affects bank lending in Italy from 1986 to 1998. Previous research has shown that changes in monetary policy influence bank lending in Italy, but this study focused on differences between banks. The researchers found that the bank-lending channel of monetary policy transmission was indeed at work in Italy during the period studied.

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