Casas para um planeta pequeno

Dissertação de Mestrado para obtenção do grau de Mestre em Arquitectura - Especialização em Urbanismo, apresentada na Faculdade de Arquitectura da Universidade Técnica de Lisboa.

The credit channel transmission of monetary policy in the European Union

This paper confirms the importance of the financial systems behaviour conditions to the credit channel of monetary policy in the entire European Union (EU). It uses panel fixed- effect estimations and quarterly data for 26 EU countries for the period from Q1 1999 to Q3 2006 in an adaptation of the Bernanke and Blinder (1988) model. The findings also reveal the high degree of foreign dependence and indebtedness of the EU banking institutions and their similar reactions to the macroeconomic and the monetary policy environments.