... lent by banks to their customers, therefore they have effects on the behaviour of borrowers and consequently on the real economy. On the other hand, prices set by banks influence their profitability ... influenced by changes in the EURIBOR. We may notice at least three critical points in the trend of these time series. The first, during the first half of 2003, when the European Central Bank ... amounts. On 8 October 2008, the ECB, the Federal Reserve, the Bank of England, the Bank of Canada, the Bank of Sweden and the Swiss National Bank, with the support of the Bank of Japan, have carried...