Transmission Channels of Financial Crises

Vincenzo D’Apice and Giovanni Ferri
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Vincenzo D’Apice: Italian Banking Association

Chapter 4 in Financial Instability, 2010, pp 29-33 from Palgrave Macmillan

Abstract: Abstract As described above, the evolution of the interest rate plays a primary role in financial crises. It is, therefore, useful to focus on the monetary policy transmission channels to clarify how interest-rate variations influence economic activities. To do this, we illustrate two different views: the money view (section 4.1) and the credit view (section 4.2). We also provide details on the credit view, analysing the balance-sheet channel (section 4.2.1) and the bank-lending channel (section 4.2.2).

Keywords: Interest Rate; Monetary Policy; Rating Agency; Transmission Channel; Financial Soundness (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-29711-1_5

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DOI: 10.1057/9780230297111_5

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