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Persistent link: https://www.econbiz.de/10012017913
We use high-frequency intraday interest rate data to measure euro area monetary policy shocks on the days of ECB … policy shocks on euro-denominated financial asset prices and confirm that shocks related to the future path of monetary … certain asset classes since the onset of the crisis, notably the sovereign bonds of stressed euro area countries. These …
Persistent link: https://www.econbiz.de/10013045549
We measure the relative role of sovereign-dependence risk and balance sheet (credit) risk in euro area interbank market …
Persistent link: https://www.econbiz.de/10012913584
Persistent link: https://www.econbiz.de/10010351199
study the lending activity of the 177 largest banks in the Euro area between 2011m1 and 2014m12 and the composition of their …
Persistent link: https://www.econbiz.de/10012954585
Persistent link: https://www.econbiz.de/10011956788
crisis (over the years from 2010 to 2015). We estimate a fiscal reaction function for the Euro area countries and demonstrate …
Persistent link: https://www.econbiz.de/10013137048
With the European debt crisis, the role of assets accepted by the Eurosystem as collateral for refinancing operations took on a new place in the public debate, as, against a backdrop of shifting demand for refinancing, movements in European bond prices led to significant fluctuations in the...
Persistent link: https://www.econbiz.de/10012924337
productivity (TFP) of the four largest euro area economies, as well as that of the rest of the euro area. We used a reduced …
Persistent link: https://www.econbiz.de/10013061476
seven countries of the euro area (France, Germany, Greece, Ireland, Italy, Portugal and Spain). Our specification is based … this standpoint, the patterns within the euro area became more heterogeneous after the years 2008-2009 …
Persistent link: https://www.econbiz.de/10013061518