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In this paper we assess the movements of euro area sovereign bond yield spreads vis-à-vis the German Bund as processes specified across different levels of volatility and subject to movements in asset prices and economic conditions. The determinants we use are grouped into domestic and...
Persistent link: https://www.econbiz.de/10010855046
This paper provides the first comprehensive documentation of the main features of corporate bond issues in domestic and international markets and analyzes how firms use these markets after they internationalize. We find that debt issues in domestic and international bond markets have different...
Persistent link: https://www.econbiz.de/10009421976
In this paper, we assess the movements of euro area sovereign bond yield spreads vis-à-vis the German Bund as processes specified across different levels of volatility and subject to movements in asset prices and economic conditions. The determinants we use are grouped into domestic and...
Persistent link: https://www.econbiz.de/10011065635
Beginnt die japanische Notenbank mit ihrer lockeren Geldpolitik einen Abwertungswettlauf? Jürgen Matthes, Institut der … japanische Geldpolitik aus der Perspektive der aufstrebenden Volkswirtschaften zu beurteilen. Für sie folge aus dem Kurs der … japanischen Geldpolitik, dass noch mehr Kapital in ihre Länder fließe, was mit der Gefahr der Bildung von Vermögensblasen, einer …
Persistent link: https://www.econbiz.de/10010684155
The introduction to the no. 1/13 of the journal FaÚ-CJEF, focused on the single topic „Financial Linkages and Financial Stability”.
Persistent link: https://www.econbiz.de/10010665461
Derivatives are an important part of the process of financial innovation that swept global markets. The growth of derivatives has so many implications on the economy in general and for the environment in which the monetary policy operates. This paper examines the impact that presence of...
Persistent link: https://www.econbiz.de/10010632143
Persistent link: https://www.econbiz.de/10005013171
This paper assesses whether domestic costs of reserve accumulation -and in particular monetary costs- constitute an eventual limit to the process in emerging markets. We find that sterilization is the first measure to deal with these costs. Then, we turn to study whether diminishing ability to...
Persistent link: https://www.econbiz.de/10005155257
The paper provides an analysis of the euro area money and bond markets and their infrastructure since the introduction of the euro. Significant development in terms of integration took place in both markets in general to a various degree for the different segments. However, there remain room for...
Persistent link: https://www.econbiz.de/10004969144
1) Stability Oriented Monetary and Prudential Policies in EU Accession Countries, by Michael C. Bonello 2) Ensuring Financial Stability: Global and European Perspectives, by Fabrizio Saccomanni 3) Foreign Bank Ownership: A Bonus or Threat for Financial Stability? by Claudia M. Buch, Jörn...
Persistent link: https://www.econbiz.de/10005702817