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The longer term refinancing operations of the ECB

Linzert, Tobias; Nautz, Dieter; Bindseil, Ulrich - 2004

that LTROs do neither lead to market distortions nor to unfair auction outcomes. …

Persistent link: https://www.econbiz.de/10009639413

Further study on the affordability of alcoholic beverages in the EU ; A focus on excise duty pass-through, on- and off-trade sales, price promotions and pricing regulations LILA

Rabinovich, Lila (contributor); Hunt, Priscillia (contributor) - Directorate General for Health & Consumers; RAND Europe - 2012

Persistent link: https://www.econbiz.de/10009641224

The affordability of alcoholic beverages in the European Union ; Understanding the link between alcohol affordability, consumption and harms ; Technical report

Rabinovich, Lila (contributor); … - Directorate General for Health & Consumers; RAND Europe - 2009

Persistent link: https://www.econbiz.de/10009641225

Study on price transmission in the sugar sector

Maurizio Aragrande; Enrica Gentile; Mauro Bruni - Areté srl - 2012

assess the influence of the 2006 reform of the EU sugar regime on price transmission in the sugar sector. The investigations … to be carried out had to focus on the different types of transmission of price changes, studying the reasons for any … uneven or asymmetric price transmission between sugar producers and final consumers, and taking into account the intermediate …

Persistent link: https://www.econbiz.de/10011439219

Indeterminacy of rational expectations equilibria in sequential financial markets

Donati, Paola - 2003

We provide a general characterization of the structure of rational expectations equilibria of any degree of revelation for pure exchange, sequential economies, with deffinitely many states of private information, an incomplete financial market and nominal assets. We estimate the dimension of the...

Persistent link: https://www.econbiz.de/10009635915

Financial market integration and loan competition

Kaas, Leo - 2004

The paper analyzes how the removal of barriers to entry in banking affect loan competition, bank stability and economic welfare. We consider a model of spatial loan competition where a market that is served by less efficient banks is opened to entry by banks that are more efficient in screening...

Persistent link: https://www.econbiz.de/10009639463

An empirical study of liquidity and information effects of order flow on exchange rate

Breedon, Francis; Vitale, Paolo - 2004

We propose a simple structural model of exchange rate determination which draws from the analytical framework recently proposed by Bacchetta and van Wincoop (2003) and allows us to disentangle the liquidity and information effects of order flow on exchange rates. We estimate this model employing...

Persistent link: https://www.econbiz.de/10009639485

Optimal monetary policy with imperfect common knowledge

Adam, Klaus - 2003

quadratic objective in output and prices depends on this parameter. When price setting decisions of firms are strategic …-shaped price response and a slow reduction in output. Instead, when prices are strategic substitutes, policy tends to react …

Persistent link: https://www.econbiz.de/10009639844

Liquidity hoarding and interbank market spreads

Heider, Florian; Hoerova, Marie; Holthausen, Cornelia - 2009

We study the functioning and possible breakdown of the interbank market in the presence of counterparty risk. We allow banks to have private information about the risk of their assets. We show how banks’ asset risk affects funding liquidity in the interbank market. Several interbank market...

Persistent link: https://www.econbiz.de/10009640453