Publicação
The impact of shadow banks on monetary policy transmission in the Euro area
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | pt_PT |
| dc.contributor.advisor | Lacerda, Ana Isabel | |
| dc.contributor.author | Breithaupt, Moritz Heinrich Dieter | |
| dc.date.accessioned | 2025-08-07T14:55:11Z | |
| dc.date.available | 2025-08-07T14:55:11Z | |
| dc.date.issued | 2025-01-22 | |
| dc.date.submitted | 2025-01-22 | |
| dc.description.abstract | This thesis examines the impact of shadow banks on monetary policy transmission in the Euro Area. Utilizing balance sheet data of financial intermediaries from 1999 to 2024 and employing local projection methods, the study analyzes how different financial institutions respond to monetary policy shocks. The findings indicate that shadow banks react more quickly and robustly than traditional financial institutions. This accelerated response highlights shadow banks' significant role in the monetary transmission mechanism. Consequently, policymakers must fully consider the existence of shadow banks when designing strategies to ensure effective monetary policy implementation and maintain financial stability. | pt_PT |
| dc.identifier.tid | 203961196 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10362/186164 | |
| dc.language.iso | eng | pt_PT |
| dc.relation | UID/ECO/00124/2013, | pt_PT |
| dc.subject | Shadow banks | pt_PT |
| dc.subject | Monetary policy transmission | pt_PT |
| dc.subject | Euro area | pt_PT |
| dc.subject | Financial intermediaries | pt_PT |
| dc.title | The impact of shadow banks on monetary policy transmission in the Euro area | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a Master’s degree in Finance from the Nova School of Business and Economics | pt_PT |