Detalhes bibliográficos
| Resumo: | This thesis examines the impact of shadow banks on monetary policy transmission in the Euro Area. Utilizing balance sheet data of financial intermediaries from 1999 to 2024 and employing local projection methods, the study analyzes how different financial institutions respond to monetary policy shocks. The findings indicate that shadow banks react more quickly and robustly than traditional financial institutions. This accelerated response highlights shadow banks' significant role in the monetary transmission mechanism. Consequently, policymakers must fully consider the existence of shadow banks when designing strategies to ensure effective monetary policy implementation and maintain financial stability. |
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| Autores principais: | Breithaupt, Moritz Heinrich Dieter |
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| Assunto: | Shadow banks Monetary policy transmission Euro area Financial intermediaries |
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| Ano: | 2025 |
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| País: | Portugal |
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| Tipo de documento: | dissertação de mestrado |
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| Tipo de acesso: | acesso aberto |
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| Instituição associada: | Universidade Nova de Lisboa |
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| Idioma: | inglês |
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| Origem: | Repositório Institucional da UNL |
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