Series: IMF Working Papers
Author(s): Ali Al-Eyd , and Pelin Berkmen
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 04 October 2013
Keywords: fragmentation, interest, markets, lending, Financial Markets and the Macroeconomy, Monetary Policy (Targets, Instruments, and Effects),
The ECB has taken a range of actions to address bank funding problems, eliminate excessive risk in sovereign markets, and safeguard monetary transmission. But euro area financial markets have remained fragmented, d...