Monetary Transmission in Europe: The Role of Financial Markets and Credit

Part 1 Introduction: aim methodology monetary policy in the Netherlands outline. Part 2 A survey of the literature: economic theory money view versus credit view empirical literature position of this study summary and conclusions. Part 3 Monetary policy in a small open economy: VAR methodology monetary policy in the Netherlands empirical results concluding remarks. Part 4 Monetary policy and bank lending in the Netherlands: bank behaviour and buffer stocks results concluding remarks. Part 5 Charactersitics of the Dutch credit market: existing literature new empirical results concluding remarks. Part 6 Monetary transmission and business cycle asymmetry: background methodology results concluding remarks. Part 7 Asymmetric effects of monetary policy: methodology results concluding remarks. Part 8 Summary and conclusions: summary concluding remarks appendices.