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A hit or a miss : The impact of unconventional monetary policy on firms in Europe
| Content Provider | Semantic Scholar |
|---|---|
| Copyright Year | 2017 |
| Abstract | The last decade has seen one of the greatest economic experiments ever witnessed in modern history: The Unconventional Monetary Policy regime. In order to study the impact of this monetary policy regime, I have designed this study by focusing on the actions undertaken by the ECB and their impact upon the real sector. I first developed a theoretical overview of the transmission mechanism and then designed my question: Did the ECB UMP regime affect Firm Financing (non-financial) across the Eurozone? I answer the question by utilizing a panel data analysis to observe the impact of UMP measures across non -financial firms in 19 Eurozone countries. I discovered that UMP policies did impact market based firm financing, had heterogenous impact across the core and periphery countries and counterfactually firm financing would have been lower had there been no UMP measures undertaken. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://thesis.eur.nl/pub/38228/Akbar-S.-430304-.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |