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Euro Area Monetary Policy Shocks : Impact on Financial Asset Prices During the Crisis?

Jardet, Caroline - 2014

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

Bad Sovereign or Bad Balance Sheets? Euro Interbank Market Fragmentation and Monetary Policy, 2011-2015

Gabrieli, Silvia - 2018

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

Illiquid Collateral and Bank Lending During the European Sovereign Debt Crisis

Barthelemy, Jean - 2017

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

Fiscal Developments in the Euro Area Beyond the Crisis : Some Lessons Drawn from Fiscal Reaction Functions

Dufrénot, Gilles - 2010

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

Monitoring the European CDS Market Through Networks : Implications for Contagion Risks

Clerc, Laurent - 2014

Based on a unique data set referencing exposures on single name credit default swaps (CDS) on European reference entities, we study the structure and the topology of the European CDS market and its evolution from 2008 to 2012, resorting to network analysis. The structural features revealed show...

Persistent link: https://www.econbiz.de/10013056486

Monetary Policy and Collateral Constraints Since the European Debt Crisis

Barthelemy, Jean - 2018

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

Imported or Home Grown? The 1992-3 EMS Crisis

Eichengreen, Barry; Naef, Alain - 2021

Using newly assembled data on foreign exchange market intervention, we construct a daily index of exchange market pressure during the 1992-3 crisis in the European Monetary System. Using this index, we pinpoint when and where the crisis was most severe. Our analysis focuses on a neglected factor...

Persistent link: https://www.econbiz.de/10013249949

Assessing the Losses in Euro Area Potential Productivity Due to the Financial Crisis

Chouard, Valérie - 2014

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

The Dynamics of Bank Loans Short-Term Interest Rates in the Euro Area : What Lessons Can We Draw from the Current Crisis?

Avouyi-Dovi, Sanvi - 2014

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

Financial Systems and the Role of Banks in Monetary Policy Transmission in the Euro Area

Ehrmann, Michael - 2010

This paper offers a comprehensive comparison of the structure of banking and financial markets in the euro area. Based …

Persistent link: https://www.econbiz.de/10013134951