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The ECB's monetary policy has received considerable attention in recent years. This is less the case, however, for its regular monetary policy preparation and decision-making process. This paper reviews how the factors usually considered as critical for the success of a central banking system...
Persistent link: https://www.econbiz.de/10011641185
The present paper contains a brief presentation and analysis, in a historical perspective through the lens of the recent major crises, of the legal framework governing the European Economic and Monetary Union (EMU), as well as current developments and challenges ahead. It is structured in three...
Persistent link: https://www.econbiz.de/10014077291
In this paper I outline - from a practitioner's as well as from a researcher's perspective - several of the key developments that took place during the last century in monetary policy. In particular, I describe how the monetary system evolved from gold standard, prevailing throughout most of the...
Persistent link: https://www.econbiz.de/10011596989
debts held by the ECB knowing that the capital of the bank is ultimately held by the 19 states of the Eurozone. We explain …
Persistent link: https://www.econbiz.de/10012826475
transmission of the monetary impulses across the Eurozone. Adopting a Bayesian Time-Varying parameter FAVAR model that fixes the …
Persistent link: https://www.econbiz.de/10012854694
Eurozone equity markets reaction to policy rate shifts, conducted applying an event study methodology, we aim to assess whether … the ECB, with its conventional monetary policy manoeuvres, is able to wield a homogeneous effect across the main Eurozone … equity markets. The empirical analysis shows that generally policy rate shifts affect unevenly the Eurozone financial indexes …
Persistent link: https://www.econbiz.de/10012961775
The present study is structured in two Chapters – the first containing three Sections and the second two – as follows:(a) Chapter One focuses on the European Central Bank (ECB) within the European System of Central Banks (ESCB):• the first two Sections (A and B) briefly discuss the...
Persistent link: https://www.econbiz.de/10012921800
The present University notes contain a brief presentation and analysis of the legal framework governing the single monetary policy in the euro area, as this developed from the establishment of the Eurosystem until today. It is structured in four Sections: Section A deals with the definition of...
Persistent link: https://www.econbiz.de/10013235124
In this paper I outline – from a practitioner's as well as from a researcher's perspective – several of the key developments that took place during the last century in monetary policy. In particular, I describe how the monetary system evolved from gold standard, prevailing throughout most of...
Persistent link: https://www.econbiz.de/10013137923
Persistent link: https://www.econbiz.de/10003963125