IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-59599-6_7.html
   My bibliography  Save this book chapter

Differences Between Financial Systems in European Countries: Consequences for EMU

In: The Monetary Transmission Process

Author

Listed:
  • Reinhard H. Schmidt

Abstract

There are three main issues which must be discussed if one wishes to answer the question which this chapter addresses: (1) Which features of a financial system are important for monetary policy or, in other words, how is monetary policy conducted, and how does it affect the real economy, and how and to what extent does this depend on the specific features of an economy? (2) How different are the financial sectors — or more generally the financial systems — in Europe? (3) If significant differences existed between countries, would this have consequences for how monetary policy should, and can, be conducted in a common currency framework? I want to warn readers at the outset that I am not a financial macroeconomist. Because this is not my field of specialisation, my knowledge of how monetary policy is conducted and how it affects the real economy that is, of the so-called transmission mechanism — is only superficial. I can only hope that this does not invalidate all that I would like to offer in my attempt to fulfil the role assigned to me as a microeconomically oriented scholar in banking and business finance.

Suggested Citation

  • Reinhard H. Schmidt, 2001. "Differences Between Financial Systems in European Countries: Consequences for EMU," Palgrave Macmillan Books, in: Deutsche Bundesbank (ed.), The Monetary Transmission Process, chapter 6, pages 208-251, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59599-6_7
    DOI: 10.1057/9780230595996_7
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shaw, Ming-fu & Chang, Juin-jen & Chen, Hung-Ju, 2013. "Capital adequacy and the bank lending channel: Macroeconomic implications," Journal of Macroeconomics, Elsevier, vol. 36(C), pages 121-137.
    2. Brissimis, Sophocles N. & Magginas, Nicholas S., 2005. "Changes in financial structure and asset price substitutability: A test of the bank lending channel," Economic Modelling, Elsevier, vol. 22(5), pages 879-904, September.
    3. Kremp Elizabeth & Stöß Elmar, 2001. "Estimating the Borrowing Behavior of French and German Firms. An Econometric Analysis / Verschuldungsverhalten französischer und deutscher Unternehmen. Eine ökonometrische Analyse," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 221(5-6), pages 620-647, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-59599-6_7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.