The transmission of unconventional monetary policy to bank credit supply: Evidence from the TLTRO
We assess the transmission of the Targeted Longer-Term Refinancing Operations (TLTRO) to the bank credit supply for the Euro area (2014–2017) and for Portugal (2011:02– 2018:01), using a panel data setup. In order to estimate a causal effect, we construct an instrumental variable (IV) using the maxi...
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| Format: | article |
| Language: | eng |
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2022
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| Online Access: | http://hdl.handle.net/10400.5/25501 |
| Country: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/25501 |