Financial market fragmentation and monetary transmission in the euro area: what do we know?

We provide a survey on the literature examining financial market fragmentation in the euro area and discuss the policy options how to reduce it. The fragmentation has increased markedly since the outbreak of the global financial crisis in 2007. It declined somewhat from late 2012 onwards, but is sti...

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Bibliographic Details
Published in:Journal of economic policy reform 2018-10, Vol.21 (4), p.319-334
Main Author: Horvath, Roman
Format: Article
Language:English
Subjects:
European Central Bank
financial market fragmentation
monetary transmission
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