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The impact of monetary union on trade prices
Taglioni, Daria; Anderton, Robert; Baldwin, Richard E. - 2003
Two seemingly unconnected empirical results suggest an intriguing mechanism. First, economic integration helps harmonize prices internationally, with trade being the primary channel (Rogoff 1996, Goldberg and Knetter 1997). Second, monetary union may greatly increase the amount of trade among...
Persistent link: https://www.econbiz.de/10011604284
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Product market structure and monetary policy: Evidence from the euro area
Ferrando, Annalisa; McAdam, Peter; Petroulakis, Filippos; … - 2021
be conditioned by the degree of market competition. We first identify conditions under which changes in marginal costs … competition setting. We then exploit changes in monetary policy to examine whether the pass-through of borrowing costs is affected …
Persistent link: https://www.econbiz.de/10012819046
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A new approach to measuring competition in the loan markets of the euro area
van Leuvensteijn, Michiel; Bikker, Jacob A.; van … - 2007
This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This … approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … competition can consider the entire banking market only. A caveat of the Boone-indicator may be that it assumes that banks …
Persistent link: https://www.econbiz.de/10011604814
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A New Approach to Measuring Competition in the Loan Markets of the Euro Area
Leuvensteijn, Michiel van; Bikker, Jacob A.; Rixtel, … - 2021
This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This … approach is able to measure competition of bank market segments, such as the loan market, whereas many well - known measures of … competition can consider the entire banking market only. A caveat of the Boone - indicator may be that it assumes that banks …
Persistent link: https://www.econbiz.de/10013317045
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Alternatives for issuer-paid credit rating agencies
Bongaerts, Dion - 2014
agencies (CRAs). To this end, it introduces a heterogeneous competition model for credit and ratings markets. Frictions among …
Persistent link: https://www.econbiz.de/10011605748
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Towards more resilient economies: the role of well-functioning economic structures
Sondermann, David - 2016
Economic resilience is essential to better withstand adverse shocks and reduce the economic costs associated with them. We propose different measures of resilience and empirically gauge how countries differ in their shock absorption capacity conditioning on the quality of their economic...
Persistent link: https://www.econbiz.de/10011606029
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Towards More Resilient Economies : The Role of Well-Functioning Economic Structures
Sondermann, David - 2017
Economic resilience is essential to better withstand adverse shocks and reduce the economic costs associated with them. We propose different measures of resilience and empirically gauge how countries differ in their shock absorption capacity conditioning on the quality of their economic...
Persistent link: https://www.econbiz.de/10012963949
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New facts on consumer price rigidity in the euro area
Gautier, Erwan; Conflitti, Cristina; Faber, Riemer P.; … - 2022
Using CPI micro data for 11 euro area countries covering about 60% of the euro area consumption basket over the period 2010-2019, we document new findings on consumer price rigidity in the euro area: (i) each month on average 12.3% of prices change, which compares with 19.3% in the United...
Persistent link: https://www.econbiz.de/10013367999
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Deposit market concentration and monetary transmission: Evidence from the euro area
Kho, Stephen - 2024
I study the transmission of monetary policy to deposit rates in the euro area with a focus on asymmetries and the role of banking sector concentration. Using a local projections framework with 2003-2023 country-level and bank-level data for thirteen euro area member states, I find that deposit...
Persistent link: https://www.econbiz.de/10014543678
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Extra-euro area manufacturing import prices and exchange rate pass-through
Anderton, Robert - 2003
This paper uses a model of import prices whereby exporters to the euro area set export prices partly as a mark-up on their production costs (i.e., the degree of exchange rate pass-through) and partly in line with euro area producer prices (i.e., pricing-to-market). Using both time series and...
Persistent link: https://www.econbiz.de/10011604265