Showing 1 - 10 of 648
The Great Recession and the subsequent European crisis may have long-lasting effects on aggregate demand, aggregate supply, and, hence, on macroeconomic performance over the medium and long-run. Besides the fact that financial crisis last longer and are succeeded by slower recoveries, and apart...
Persistent link: https://www.econbiz.de/10015298440
interest rate shock, an income shock and a house price shock. We find that, albeit euro area households are relatively …
Persistent link: https://www.econbiz.de/10015301804
Persistent link: https://www.econbiz.de/10015301343
dispersion in the cost of bank finance for euro area firms. Using micro-level bank data across a number of euro area countries …
Persistent link: https://www.econbiz.de/10015297764
We use realized variances and covariances based on intraday data from Eurozone sovereign bond market to measure the … dependence structure of eurozone sovereign yields. Our analysis focuses on the impact of news, obtained from the Eurointelligence …-to-quality effect. Common news about the euro crisis and news about specific countries itself tend to raise the covariance of yields …
Persistent link: https://www.econbiz.de/10015302490
Persistent link: https://www.econbiz.de/10015297782
This paper studies a banking model of maturity transformation in which regulatory arbitrage induces the coexistence of regulated commercial banks and unregulated shadow banks. We derive three main results: First, the relative size of the shadow banking sector determines the stability of the...
Persistent link: https://www.econbiz.de/10015301914
On 6 January 2011, the European Commission released for public consultation the working document "Technical details of a possible EU framework for bank recovery and resolution", with the a view to developing a formal legislative proposal by Summer 2011.1 The consultation follows the Commission's...
Persistent link: https://www.econbiz.de/10015308956
The ECB Forum on Central Banking is an annual event organised by the European Central Bank which has been held in the beautiful surroundings of Sintra, Portugal, since 2014. It provides a unique opportunity for central bank governors, academics, high-level financial market representatives,...
Persistent link: https://www.econbiz.de/10015295582
This book is a collection of the proceedings of the ECB Legal Conference "From Monetary Union to Banking Union, on the way to Capital Markets Union: new opportunities for European integration", hosted by the European Central Bank on 1 and 2 September 2015. One of the main objectives of this...
Persistent link: https://www.econbiz.de/10015296462