Market structure and the effectiveness of monetary policy: a cross-industry study

1994 ◽  
Vol 26 (1) ◽  
pp. 73-82
Author(s):  
Thomas H. Goodwin ◽  
Mohammed R. Safarzadeh ◽  
Thomas D. Willett
Keyword(s):  
Monetary Policy ◽  
Market Structure ◽  
Industry Study ◽  
Effectiveness Of Monetary Policy

The Effectiveness of Monetary Policy: Recent British Experience

1957 ◽  
Vol 65 (1) ◽  
pp. 18-39 ◽  
Author(s):  
Warren L. Smith ◽  
Raymond F. Mikesell
Keyword(s):  
Monetary Policy ◽  
British Experience ◽  
Effectiveness Of Monetary Policy

scholarly journals The effectiveness of monetary policy in China: Evidence from a Qual VAR

2017 ◽  
Vol 43 ◽  
pp. 216-231 ◽  
Author(s):  
Hongyi Chen ◽  
Kenneth Chow ◽  
Peter Tillmann
Keyword(s):  
Monetary Policy ◽  
Effectiveness Of Monetary Policy

scholarly journals The Dynamics of Bank Spreads and Financial Structure

2014 ◽  
Vol 04 (04) ◽  
pp. 1450014 ◽  
Author(s):  
Reint Gropp ◽  
Christoffer Kok ◽  
Jung-Duk Lichtenberger
Keyword(s):  
Monetary Policy ◽  
Financial Markets ◽  
Interest Rates ◽  
Banking Sector ◽  
Interest Rate Derivatives ◽  
Developed Markets ◽  
Speed Up ◽  
Pass Through ◽  
Bank Spreads ◽  
Effectiveness Of Monetary Policy

This paper investigates the effect of within banking sector competition and competition from financial markets on the dynamics of the transmission from monetary policy rates to retail bank interest rates in the euro area. We use a new dataset that permits analysis for disaggregated bank products. Using a difference-in-difference approach, we test whether development of financial markets and financial innovation speed up the pass through. We find that more developed markets for equity and corporate bonds result in a faster pass-through for those retail bank products directly competing with these markets. More developed markets for securitized assets and for interest rate derivatives also speed up the transmission. Further, we find relatively strong effects of competition within the banking sector across two different measures of competition. Overall, the evidence supports the idea that developed financial markets and competitive banking systems increase the effectiveness of monetary policy.

scholarly journals EFFECTIVENESS OF MONETARY POLICY IN SWEDEN

2015 ◽  
Vol 34 (4) ◽  
pp. 698-709 ◽  
Author(s):  
Richhild Moessner ◽  
Jakob de Haan ◽  
David-Jan Jansen
Keyword(s):  
Monetary Policy ◽  
Effectiveness Of Monetary Policy
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