Greater role for capital markets would not necessarily harm policy transmission – ECB’s Praet
‘Range of common factors’ affecting both banks and non-banks, ECB chief economist says
Monetary policy transmission in the eurozone would "not necessarily" be weakened if the role of capital markets grew at the expense of banks, Peter Praet said at on October 6.
If European capital markets did grow along the lines of US markets, there would be a "trade-off", the executive board member of the European Central Bank (ECB) told a conference in New York.
One the one hand, he argued, "a higher share of arm's-length finance in total intermediation" might increase the number of real
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