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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

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

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