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The fiscal and macroeconomic effects of government wages and employment reform

Pérez, Javier J.; Aouriri, Marie; Campos, Maria M.; … - 2016

Persistent link: https://www.econbiz.de/10011590670

Liquidity in resolution : comparing frameworks for liquidity provision across jurisdictions

Grund, Sebastian; Nomm, Nele; Walch, Florian - 2020

banks in resolution. It examines the provision of liquidity in the United States, the United Kingdom, Japan, Canada and the … financial stability. This paper extends the existing research by zooming in on the specific topic of liquidity provision to … liquidity provision and the roles of the public budget and the central bank. The comparison also reveals that the role of fiscal …

Persistent link: https://www.econbiz.de/10012319162

Commodity price fluctuations and their impact on monetary and fiscal policies in Western and Central Africa

Böwer, Uwe; Geis, André; Winkler, Adalbert - 2007

Commodity prices play an important role in economic developments in most of the 24 Western and Central African (WCA) countries covered in this paper. It is confirmed that in the light of rising commodity prices between 1999 and 2005, net oil exporters recorded strong growth rates while net...

Persistent link: https://www.econbiz.de/10011638187

Availability of high-quality liquid assets and monetary policy operations : an analysis for the euro area

Grandia, Roel (ed.); Hänling, Petra (ed.); … - Europäische Zentralbank - 2019

This paper provides an overview of supply and demand factors influencing the availability of euro-denominated debt instruments that qualify as high-quality liquid assets (HQLA) in the euro area. The paper estimates the supply of HQLA issued by the public and private sectors as well as the...

Persistent link: https://www.econbiz.de/10011976095

The distribution of excess liquidity in the euro area

Baldo, Luca; Hallinger, Benoît; Helmus, Caspar; … - 2017

Since 2008, excess liquidity - defined as the sum of holdings of central bank reserves in excess of reserve … small, slowly changing group of credit institutions. Despite the stability of the concentration of excess liquidity in … directing flows in the period 2015-16. In addition, the more recent concentration of excess liquidity is explained by the …

Persistent link: https://www.econbiz.de/10011747703

The Eurosystem's asset purchase programme and TARGET balances

Eisenschmidt, Jens; Kedan, Danielle; Schmitz, Martin; … - 2017

TARGET balances have risen during the period of the Eurosystem's asset purchase programme (APP). The APP gives rise to substantial cross-border flows of reserves at the time of asset purchases and beyond, reflecting the interaction of decentralised monetary policy implementation and the...

Persistent link: https://www.econbiz.de/10011719852

Dancing together at arm's length? : the interaction of central banks with governments in the G7

Bodea, Cristina (contributor); Huemer, Stefan (contributor) - 2010

Persistent link: https://www.econbiz.de/10011627076

Competitiveness and external imbalances within the Euro Area

2012

Persistent link: https://www.econbiz.de/10011627097

Debt sustainability analysis for euro area sovereigns : a methodological framework

Bouabdallah, Othman; Checherita-Westphal, Cristina; … - 2017

relevant indicators capturing liquidity and solvency risks. The information embedded in the three main DSA blocks can be …

Persistent link: https://www.econbiz.de/10011634439

Stress-testing of liquidity risk in TARGET2

Papsdorf, Patrick (contributor); Arciero, Luca (contributor) - Europäische Zentralbank / Group on TARGET2 Stress Testing - 2017

The paper reports the outcome of the stress-testing of liquidity risk in the TARGET2 payment system, with the study … resilience of the system, defined as the network of its participants, and the appropriateness of liquidity levels under tightened … liquidity conditions. The scenarios analysed are based on extreme shocks to the value of collateral of different levels and …

Persistent link: https://www.econbiz.de/10011627053