The following paper aims to examine the influence of monetary policy and its policies upon banks behavior and, consequently, upon credit disposal, which by the way, when modified affects aggregate demand bringing effects on employment, output and income. For it, highlights the influence of monetary authority reputation and transparency in implementing its policies over the "state of expectations" of banks. In other words, the article stresses monetary policy transmission through expectations and credit channels, enhancing the influence of monetary authority reputation and transparency over banks behavior.
banks; reputation; transparency; expectations; confidence