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Unconventional monetary policy in an open economy
Gieck, Jana - Deutsche Bundesbank - 2014
The impact of unconventional monetary policies on exchange rates and its spillovers to other economies is not yet fully understood. In this paper I develop a two-country DSGE model with interbank markets and endogenous default probabilities to analyze the cross-border impacts of unconventional...
Persistent link: https://www.econbiz.de/10011161230
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The SSM at 1
Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame … Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial … College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform …
Persistent link: https://www.econbiz.de/10011557140
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The effect of the interbank network structure on contagion and common shocks
Georg, Co-Pierre - Deutsche Bundesbank - 2011
This paper proposes a dynamic multi-agent model of a banking system with central bank. Banks optimize a portfolio of …
Persistent link: https://www.econbiz.de/10009372146
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Industries and the bank lending effects of bank credit demand and monetary policy in Germany
Arnold, Ivo J. M.; Kool, Clemens J. M.; Raabe, Katharina - Deutsche Bundesbank - 2006
individual bank lending functions for 13 manufacturing and non-manufacturing industries and five banking groups using quarterly …
Persistent link: https://www.econbiz.de/10005083133
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Monetary policy effects on bank loans in Germany: A panel-econometric analysis
Worms, Andreas - Deutsche Bundesbank - 2001
A crucial condition for the existence of a credit channel through bank loans is that monetary policy should be able to change bank loan supply. This paper contributes to the discussion on this issue by presenting empirical evidence from dynamic panel estimations based on a dataset that comprises...
Persistent link: https://www.econbiz.de/10005083166
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Interbank lending and monetary policy transmission: evidence for Germany
Ehrmann, Michael; Worms, Andreas - Deutsche Bundesbank - 2001
. Our VAR analysis shows that following a monetary contraction, the banking system as a whole attracts additional funds from …
Persistent link: https://www.econbiz.de/10005083202
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Financial systems and the role of banks in monetary policy transmission in the euro area
Sevestre, Patrick; Martinez-Pages, Jorge; Gambacorta, … - Deutsche Bundesbank - 2001
This paper offers a comprehensive comparison of the structure of banking and financial markets in the euro area. Based …
Persistent link: https://www.econbiz.de/10005083236
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Optimal lender of last resort policy in different financial systems
Fecht, Falko; Tyrell, Marcel - Deutsche Bundesbank - 2004
In a framework closely related to Diamond and Rajan (2001) we characterize different financial systems and analyze the welfare implications of different LOLR-policies in these financial systems. We show that in a bank-dominated financial system it is less likely that a LOLR-policy that follows...
Persistent link: https://www.econbiz.de/10005083256
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Banks' regulatory buffers, liquidity networks and monetary policy transmission
Merkl, Christian; Stolz, Stéphanie - Deutsche Bundesbank - 2006
Based on a quarterly regulatory dataset for German banks from 1999 to 2004, this paper analyzes the effects of banks’ regulatory capital on the transmission of monetary policy in a system of liquidity networks. The dynamic panel regression results provide evidence in favor of the bank capital...
Persistent link: https://www.econbiz.de/10005082776
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Monetary policy and bank distress: an integrated micro-macro approach
De Graeve, Ferre; Kick, Thomas - Deutsche Bundesbank - 2008
Evidence on the interdependency between monetary policy and the state of the banking system is scarce. We suggest an …
Persistent link: https://www.econbiz.de/10005082796