... looks, on the one hand, at the links between central bank rates and money market rates and, on the other hand, at the trend during the crisis of the risk-free yield curve, i.e. that of AAA-rated ... decomposition appears to confirm the hypothesis 45 Central bank rates, market rates and retail bank rates in the euro area in the Context of the reCent CrisisChart 15 HISTORICAL DECOMPOSITION OF THE ... transmission mechanism (beyond the influence linked to the choice of relevant market interest rate), this impact will show up in the presence of the contribution of this second shock. Furthermore, the...