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The ESRB at 1
Cecchetti, Stephen; Neri, Stefano; Takats, Elod; Upper, … - SUERF - The European Money and Finance Forum
SUERF – The European Money and Finance Forum, the Deutsche Bundesbank and the Institute for Monetary and Financial Stability (IMFS) took the opportunity of the first anniversary of this new institution to organise a joint conference in Berlin on 8-9 November 2011. The purpose of this event was...
Persistent link: https://www.econbiz.de/10011070909
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Securing Financial Stability: Problems and Prospects for New EU Members
Bonello, Michael C; Saccomanni, Fabrizio; Buch, Claudia M. - 2003
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/10011689910
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The ESRB at 1
Remsperger, Hermann; Cecchetti, Stephen G.; Ingves, Stefan - 2012
SUERF – The European Money and Finance Forum, the Deutsche Bundesbank and the Institute for Monetary and Financial Stability (IMFS) took the opportunity of the first anniversary of this new institution to organise a joint conference in Berlin on 8-9 November 2011. The purpose of this event was...
Persistent link: https://www.econbiz.de/10011689955
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Crises and Rescues : Liquidity Transmission Through International Banks
Buch, Claudia M. - 2016
This paper studies how global banks transmit liquidity shocks via their internal capital markets. The unexpected access … as our liquidity shock. Using microdata on all affiliates abroad, we test whether affiliates located outside the US … actively managed internal capital markets and the increased centralization of global banks' liquidity management at the …
Persistent link: https://www.econbiz.de/10012984410
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On the International Spillovers of US Quantitative Easing
Fratzscher, Marcel; Duca, Marco Lo; Straub, Roland - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013
of Fed announcements, underlining the importance of the market repair and liquidity functions of Fed policies. Third, we …
Persistent link: https://www.econbiz.de/10010662984
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A global monetary tsunami? On the spillovers of US Quantitative Easing
Fratzscher, Marcel; Lo Duca, Marco; Straub, Roland - C.E.P.R. Discussion Papers - 2012
prices dwarfed those of Fed announcements, underlining the importance of the market repair and liquidity functions of Fed …
Persistent link: https://www.econbiz.de/10011083739
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Politics and Monetary Policy
Ehrmann, Michael; Fratzscher, Marcel - C.E.P.R. Discussion Papers - 2010
How and why do politicians’ preferences about monetary policy differ from the interest rates set by independent central banks? Looking at the European Central Bank, the paper shows that politicians, on average, favor significantly lower interest rates. Three factors explain the different...
Persistent link: https://www.econbiz.de/10008784739
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Monetary Policy in the Media
Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - C.E.P.R. Discussion Papers - 2011
Just like private companies depend crucially on their ability to reach customers, policymakers must communicate with private agents to be successful--and much of this communication is channeled through the media. This is especially true for central banks because the effectiveness of monetary...
Persistent link: https://www.econbiz.de/10008854477
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Der Beschluss des Bundesverfassungsgerichts zum OMT-Programm der EZB
Zeitler, Franz-Christoph; Fratzscher, Marcel; Murswiek, … - In: Ifo Schnelldienst 67 (2014) 06, pp. 03-25
Das Bundesverfassungsgericht hat im Februar 2014 seine Entscheidung zum Beschluss der Europäischen Zentralbank zum OMT-Programm vom September 2012 verkündet. Wie ist diese Entscheidung zu werten? Franz-Christoph Zeitler, Universität Augsburg und ehemals Deutsche Bundesbank, sieht in dem...
Persistent link: https://www.econbiz.de/10010778750
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Transparency, disclosure and the federal reserve
Ehrmann, Michael; Fratzscher, Marcel - 2005
This paper assesses the change in Federal Reserve policy introduced in 1999, with the publication of statements about the outlook for monetary policy (and later about the balance of risks) immediately after each FOMC meeting. We find that markets anticipated monetary policy decisions equally...
Persistent link: https://www.econbiz.de/10011604503