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Euro Area Monetary Policy in Uncharted Waters

Stavrev, Emil - 2009

during the crisis, the core part of ECB''s monetary policy transmission-from policy rates to market rates-has continued to … lengthening of the maturity of monetary policy operations and the provision of funds at the fixed rate, reduced money market term … spreads, facilitating the pass-through from policy to market rates. Furthermore, the results imply that the substantial …

Persistent link: https://www.econbiz.de/10014402463

From Subprime Loans to Subprime Growth? : Evidence for the Euro Area

Cihák, Martin - 2009

activity. We examine the linkages between the financial and real sectors in the euro area, finding that (i) bank loan supply …. These estimates imply that the currently estimated bank losses would subtract some 2 percentage points from the euro area …

Persistent link: https://www.econbiz.de/10014403183

Distress in European Banks : An Analysis Basedon a New Dataset

Poghosyan, Tigran - 2009

The global financial crisis has highlighted the importance of early identification of weak banks: when problems are identified late, solutions are much more costly. Until recently, Europe has seen only a small number of outright bank failures, which made the estimation of early warning models...

Persistent link: https://www.econbiz.de/10014404277

Clarity of Central Bank Communication About Inflation

Bulir, Ales - 2012

This paper examines whether the clarity of central bank communication about inflation has changed with the economic environment. We use readability statistics and content analysis to study the clarity of communication on the inflation outlook by seven central banks between 1997 and 2010....

Persistent link: https://www.econbiz.de/10014396893

The Case for a European Banking Charter

Cihák, Martin - 2007

-side national regimes--a European Banking Charter (EBC)--could harness market forces to establish a level playing field for …

Persistent link: https://www.econbiz.de/10014399529

Estimating Spillover Risk Among Large EU Banks

Ong, Li L. - 2007

The paper examines the scope for cross-border spillovers among major EU banks using information contained in the stock prices and financial statements of these banks. The results suggest that spillovers within domestic banking systems generally remain more likely, but the number of significant...

Persistent link: https://www.econbiz.de/10014400315