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Did inflation really soar after the euro cash changeover? Indirect evidence from ATM withdrawals
Angelini, Paolo; Lippi, Francesco - Banca d'Italia - 2006
The introduction of the euro notes and coins in the first two months of 2002 was followed by a lively debate on the … alleged inflationary effects of the new currency. In Italy, as in the rest of the euro area, survey-based measures signaled a … hypothesis that, after the introduction of the euro notes and coins, consumer prices underwent an increase not recorded by …
Persistent link: https://www.econbiz.de/10005609383
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The interbank market after August 2007: what has changed, and why?
Angelini, Paolo; Nobili, Andrea; Picillo, Maria Cristina - Banca d'Italia - 2009
The outbreak of the financial crisis coincided with a sharp increase of worldwide interbank interest rates. We analyze the micro and macroeconomic determinants of this phenomenon, finding that before August 2007 interbank rates were insensitive to borrower characteristics, whereas afterwards...
Persistent link: https://www.econbiz.de/10008543202