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The role of banks in monetary policy: a survey with implications for the European Monetary Union

Anil Kashyap () and Jeremy Stein ()

Economic Perspectives, 1997, issue Sep, No v. 22, no. 5, 2-18

Abstract: This article begins with a review of the growing literature on the role of banks in the transmission of monetary policy. The authors then discuss the implications of this literature for the operation of monetary policy in the European monetary union.

Keywords: Monetary unions - European Union countries; Monetary policy; Banks and banking (search for similar items in EconPapers)
Date: 1997
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