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The Euro's savior? : assessing the ECB's crisis management performance and potential for crisis resolution

Bibow, Jörg - 2015

This study assesses the European Central Bank’s (ECB) crisis management performance and potential for crisis resolution. The study investigates the institutional and functional constraints that delineate the ECB’s scope for policy action under crisis conditions, and how the bank has actually...

Persistent link: https://www.econbiz.de/10011349470

The General Theory as "depression economics"? : financial instability and crises in Keynes's monetary thought

Bibow, Jörg - 2020

This paper revisits Keynes's writings from Indian Currency and Finance (1913) to The General Theory (1936) with a focus on financial instability. The analysis reveals Keynes's astute concerns about the stability/fragility of the banking system, especially under deflationary conditions. Keynes's...

Persistent link: https://www.econbiz.de/10012291986

From antigrowth bias to quantitative easing : the ECB's belated conversion?

Bibow, Jörg - 2016

This paper investigates the European Central Bank's (ECB) monetary policies. It identifies an antigrowth bias in the bank's monetary policy approach: the ECB is quick to hike, but slow to ease. Similarly, while other players and institutional deficiencies share responsibility for the euro's...

Persistent link: https://www.econbiz.de/10011481632

Unconventional monetary policies and central bank profits : seigniorage as fiscal revenue in the aftermath of the global financial crisis

Bibow, Jörg - 2018

Europäische Zentralbank und das Eurosystem (insbesondere die Deutsche Bundesbank, Banca d'Italia und Banco de España), untersuchen … wir die Auswirkungen der experimentellen Geldpolitik auf Zentralbankgewinne, Gewinnausschüttungen und finanzielle Puffer …; sowie die Aussichten für diese Größen bei allmählicher "Normalisierung" der Geldpolitik. Seigniorage offenbart die …

Persistent link: https://www.econbiz.de/10011877298

Unconventional monetary policies and central bank profits : seigniorage as fiscal revenue in the aftermath of the global financial crisis

Bibow, Jörg - 2018

This study investigates the evolution of central bank profits as fiscal revenue (or: seigniorage) before and in the aftermath of the global financial crisis of 2008-9, focusing on a select group of central banks - namely the Bank of England, the United States Federal Reserve System, the Bank of...

Persistent link: https://www.econbiz.de/10011910944

Europe's quest for monetary stability : central banking gone astray

Bibow, Jörg (contributor) - 2005

This paper provides an overview of central banking arrangements in those European countries that have adopted the euro. Issues addressed include the structure of the "Eurosystem" and its central banking functions, the kind of independence granted to the system and the role of monetary policy...

Persistent link: https://www.econbiz.de/10003229837

Europe's Quest for Monetary Stability : Central Banking Gone Astray

Bibow, Jörg - 2005

This paper provides an overview of central banking arrangements in those European countries that have adopted the euro. Issues addressed include the structure of the Eurosystem and its central banking functions, the kind of independence granted to the system and the role of monetary policy that...

Persistent link: https://www.econbiz.de/10014062676

Unconventional Monetary Policies and Central Bank Profits : Seigniorage as Fiscal Revenue in the Aftermath of the Global Financial Crisis

Bibow, Jörg - 2018

This study investigates the evolution of central bank profits as fiscal revenue (or: seigniorage)before and in the aftermath of the global financial crisis of 2008–9, focusing on a select group ofcentral banks—namely the Bank of England, the United States Federal Reserve System, theBank of...

Persistent link: https://www.econbiz.de/10012910166

Twenty years of the German euro are more than enough

Bibow, Jörg - 2018

This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances had remained unchecked prior to the crisis. As those...

Persistent link: https://www.econbiz.de/10011894027

The bank lending channel: lessons from the crisis

Gambacorta, Leonardo; Marqués-Ibáñez, David - 2011

The 2007-2010 financial crisis highlighted the central role of financial intermediaries’ stability in buttressing a smooth transmission of credit to borrowers. While results from the years prior to the crisis often cast doubts on the strength of the bank lending channel, recent evidence shows...

Persistent link: https://www.econbiz.de/10011605381