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Monetary Policy and Capital Regulation in the US and Europe

Cohen-Cole, Ethan - 2010

has partial control over bank regulation it can exercise regulatory lenience. Two, the Fed's stronger output orientation … procyclical capital regulation …

Persistent link: https://www.econbiz.de/10013141874

Is the EU Money Market Fund Regulation Fit for Purpose? Lessons from the COVID-19 Turmoil

Capotă, Laura-Dona; Grill, Michael; Molestina Vivar, Luis - 2022

The market turmoil in March 2020 highlighted key vulnerabilities in the EU money market fund (MMF) sector. This paper assesses the effectiveness of the EU's regulatory framework from a financial stability perspective, based on a panel analysis of EU MMFs at a daily frequency. First, we find that...

Persistent link: https://www.econbiz.de/10014236736

Cross-Border Effects of Prudential Regulation : Evidence from the Euro Area

Franch, Fabio - 2019

We analyse the cross-border propagation of prudential regulation in the euro area. Using the Prudential Instruments …

Persistent link: https://www.econbiz.de/10012869770

Product Market Regulation, Business Churning and Productivity : Evidence from the European Union Countries

Anderton, Robert - 2019

countries, we find that: (i) competition-enhancing regulation is associated with a higher rate of firm churning; (ii) business … regulation can be indirectly associated, via its impact on business dynamism, with the somewhat weak productivity performance in …

Persistent link: https://www.econbiz.de/10012858445

Effects of Labour and Product Market Regulation on Worker Flows : Evidence for the Euro Area Using Micro Data

Anderton, Robert; Di Lupidio, Benedetta - 2021

Macroeconomic studies suggest that employment-output elasticities in the euro area increased during the recovery from the crisis, especially in those countries that implemented reforms. In this paper, we use micro (individual-level) data from the Eurostat Labour Force Survey to investigate...

Persistent link: https://www.econbiz.de/10013315346

Risk Retention in the European Securitization Market : Skimmed by the Skin-in-The-Game Methods?

Breemen, Vivian van; Schwarz, Claudia; Vink, Dennis - 2023

using a sample of European securitization tranches issued in the period 2011-2021. European regulation is based on the …

Persistent link: https://www.econbiz.de/10014349343

Sovereign Defaults in Court

Schumacher, Julian - 2018

For centuries, defaulting governments were immune from legal action by foreign creditors. This paper shows that this is no longer the case. Building a dataset covering four decades, we find that creditor lawsuits have become an increasingly common feature of sovereign debt markets. The legal...

Persistent link: https://www.econbiz.de/10012925866

The Effects of Emu on Structural Reforms in Labour and Product Markets

Duval, Romain - 2006

Will EMU accelerate or retard structural reform in labour and product markets? The theoretical literature is ambiguous. New descriptive evidence provided in this paper suggests that euro-area countries have made relatively good progress in structural reform. However, it is much less clear...

Persistent link: https://www.econbiz.de/10012780843

Corrective Regulation with Imperfect Instruments

Dávila, Eduardo; Walther, Ansgar - 2022

This paper studies optimal second-best corrective regulation, when some agents/activities cannot be perfectly regulated … apply our results to scenarios with unregulated agents/activities, uniform regulation across agents/activities, and costly … regulation. We illustrate our results in applications to financial regulation with environmental externalities, shadow banking …

Persistent link: https://www.econbiz.de/10014076773

Coordinating Monetary and Financial Regulatory Policies

Van der Ghote, Alejandro - 2018

How to conduct macro-prudential regulation? How to coordinate monetary policy and macro-prudential policy? To address …

Persistent link: https://www.econbiz.de/10012917168