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The SSM at 1
Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011557140
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Banking and sovereign risk in the euro area
Gerlach, Stefan; Schulz, Alexander; Wolff, Guntram B. - 2010
Persistent link: https://www.econbiz.de/10008906898
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Rating agencies and sovereign credit risk assessment
Véron, Nicolas; Wolff, Guntram B. - 2011
the crisis, but the most straightforward way to address this challenge in the euro-area context would be the establishment … of a euro-area-wide sovereign bond instrument. This Policy Contribution was prepared as a briefing paper for the European …
Persistent link: https://www.econbiz.de/10009389041
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Banking and Sovereign Risk in the Euro Area
Gerlach, Stefan - 2016
We study the determinants of sovereign bond spreads in the euro area since the introduction of the euro. We show that …
Persistent link: https://www.econbiz.de/10012991092
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Rules and risk in the euro area
Iara, Anna; Wolff, Guntram B. - 2011
stronger fiscal rules in euro area members reduce sovereign risk premia, in particular in times of market stress. To do so, we … aversion. Estimation of the model con firms the central predictions. The legal base of the rules and their enforcement … ; sovereign spreads ; sovereign risk ; euro area …
Persistent link: https://www.econbiz.de/10009315724
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Banking and sovereign risk in the euro area
Gerlach, Stefan; Schulz, Alexander; Wolff, Guntram B. - 2010
We study the determinants of sovereign bond spreads in the euro area since the introduction of the euro. We show that …
Persistent link: https://www.econbiz.de/10010300391
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An evaluation of IMF surveillance of the euro area
Pisani-Ferry, Jean; Sapir, André; Wolff, Guntram B. - 2011
Persistent link: https://www.econbiz.de/10009578499
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Lender of last resort versus buyer of last resort : the impact of the European Central Bank actions on the bank-sovereign nexus
Acharya, Viral V.; Pierret, Diane; Steffen, Sascha - 2016 - This version: February 29, 2016
In summer 2011, elevated sovereign risk in Eurozone peripheral countries increased the solvency risk of Eurozone banks, precipitating a run on their short-term debt. We assess the effectiveness of different European Central Bank (ECB) interventions that followed – lender of last resort vs....
Persistent link: https://www.econbiz.de/10011436391
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Mere criticism of the ECB is no solution
Fratzscher, Marcel; Gropp, Reint; Kotz, Hans-Helmut; … - 2015
The eurozone remains in a deep, largely macro-economic crisis. A robust global economy and falling oil prices have supported Europeś economy for some time, but by now it is clear that the eurozone will only be able to pull itself out of this crisis by means of more decisive action. One...
Persistent link: https://www.econbiz.de/10011449399
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EU-IMF assistance to euro-area countries : an early assessment
Pisani-Ferry, Jean; Sapir, André; Wolff, Guntram B. - 2013
Persistent link: https://www.econbiz.de/10010222799