The transmission of conventional and unconventional monetary policy actions to credit markets is influenced substantially by the changing economic environment. Since the start of the Great Recession, credit markets have not only been the source of macroeconomic disturbances, but have also been instrumental in the transmission of shocks from other sectors of the economy. Impairments in the interest rate pass-through, for example, have affected all segments of the financial system, with a particularly large impact on the banking sector. The aim of this conference is to enhance theoretical and empirical understanding of the channels through which monetary policy is transmitted to financial intermediaries and credit markets.
The conference will be hosted by the European Central Bank (ECB) in Frankfurt am Main on 23-24 October 2017.
We encourage submissions on the following topics:
Monetary policy and financial intermediaries
The impact of conventional and unconventional monetary policy measures on banks
Empirical studies on the factors driving transmission of credit shocks
The bank lending channel from a cross-country perspective
The real effects of monetary policy transmission via the credit channel
Theoretical (e.g. DSGE) and empirical models with a particular focus on the banking sector
Analysis of the behaviour of credit intermediaries
Monetary policy, banking efficiency, bank solvency and capital structure
Oct 23
2017
Oct 24
2017
Draft paper submission deadline
Registration deadline
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