Similar Search Results

Does financial integration make banks act more prudential? : Regulation, foreign ownde banks, and the lender-of-last resort

Berger, Helge; Hefeker, Carsten - 2006

Persistent link: https://www.econbiz.de/10003273992

Does financial integration make banks act more prudential? : Regulation, foreign owned banks, and the lender-of-last resort

Berger, Helge (contributor); Hefeker, Carsten (contributor) - 2006

the case of an integrated banking market with bank cross-holdings. Because banks will exert a greater overall effort to … coordination on bank efforts and discuss incentives for banks to organize their foreign holdings in the form or branches or … subsidiaries. We show that the absence of a common lender of last resort can reduce the probability of a financial crisis. -- Bank …

Persistent link: https://www.econbiz.de/10003274864

One country, one vote? : Labor market strukture and voting rights in the ECB

Berger, Helge; Hefeker, Carsten - 2004

Persistent link: https://www.econbiz.de/10002074694

How should large and small countries be represented in a currency union?

Berger, Helge; Müller, Till - 2004

Persistent link: https://www.econbiz.de/10002405957

The ECB's monetary analysis revisited

Berger, Helge; Harjes, Thomas; Stavrev, Emil - 2008

Monetary aggregates continue to play an important role in the ECB's policy strategy. This paper revisits the case for money, surveying the ongoing theoretical and empirical debate. The key conclusion is that an exclusive focus on non-monetary factors alone may leave the ECB with an incomplete...

Persistent link: https://www.econbiz.de/10003797845

The information content of money in forecasting Euro area inflation

Berger, Helge; Stavrev, Emil - 2008

This paper contributes to the debate on the role of money in monetary policy by analyzing the information content of money in forecasting euro-area inflation. We compare the predictive performance within and among various classes of structural and empirical models in a consistent framework using...

Persistent link: https://www.econbiz.de/10003797937

Geography or skills : what explains Fed Wachters' forecast accuracy of US monetary policy?

Berger, Helge (contributor); Ehrmann, Michael (contributor); … - 2008

The paper shows that there is a substantial degree of heterogeneity in the ability of Fed watchers to forecast US monetary policy decisions. Based on a novel database for 268 professional forecasters since 1999, the average forecast error of FOMC decisions varies 5 to 10 basis points between the...

Persistent link: https://www.econbiz.de/10003726321

Does global liquidity matter for monetary policy in the Euro area?

Berger, Helge (contributor); Harjes, Thomas (contributor) - 2008

Global excess liquidity roaming the world's financial markets (or its sudden absence) is sometimes believed to limit sovereign monetary policy even in large economies such as the euro area. However, there is still discussion about what constitutes global excess liquidity and how exactly it...

Persistent link: https://www.econbiz.de/10003726327

How should large and small countries be represented in a currency union?

Berger, Helge; Müller, Till - 2004

representation in a federal central bank addressing this question. Optimal voting weights reflect two opposing forces: the wish to … Bundesbank and not always optimal. -- Central Bank ; Federal Central Bank ; currency union ; optimal representation ; voting …

Persistent link: https://www.econbiz.de/10009303502

One country, one vote? : labor market structure and voting rights in the ECB

Berger, Helge; Hefeker, Carsten - 2004

distribution in the European Central Bank (ECB) council. We show that, in a model where labor unions internalize the inflationary … ; European Central Bank ; euro area ; ECB reform ; EMU enlargement ; accession countries …

Persistent link: https://www.econbiz.de/10009303509