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On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...
Persistent link: https://www.econbiz.de/10011710723
Die vielfältigen Äußerungsformen der jüngsten Wirtschaftskrisen und die derzeitigen Herausforderungen in Europa machen die Notwendigkeit deutlich, die nach wie vor als rational geltende Ökonomie auf ihre parallel ausgebildete »stark spezialisierte emotionale Kultur« (Eva Illouz) hin zu...
Persistent link: https://www.econbiz.de/10013478545
Bank liability guarantee schemes have traditionally been viewed as costless measures to shore up investor confidence and stave off bank runs. However, as the experience of some European countries, most notably Ireland, has demonstrated, the credibility and effectiveness of these guarantees is...
Persistent link: https://www.econbiz.de/10010344594
Since the onset of the eurozone sovereign debt crisis, credit risk spreads in Europe have diverged. Despite this divergence, credit risk comoves strongly within certain country groups such as the eurozone periphery. We seek to answer what the determinants of the observed pattern of credit risk...
Persistent link: https://www.econbiz.de/10010486057
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
This paper empirically investigates the impact of the first announcement of TARP, the announcement of revised TARP, respective capital infusions under TARP-CPP and capital repayments on changes in shareholder value and the risk exposure of supported U.S. banks. Our analysis reveals a light and a...
Persistent link: https://www.econbiz.de/10010338393
This paper studies the impact of the state-dependent risk of a government default on the correlation of the scal balance and current account. We use a small open economy model where nonlinear risk premia arise endogenously when the government operates close to its scal limit, i.e. the maximum...
Persistent link: https://www.econbiz.de/10010341080
In this paper, we use the estimated three-region DSGE model GEAR, which pictures Germany, the Euro Area and the Rest of … the Euro Area in terms of annualized quarter-on quarter growth rates. The main driver for the evolution of GDP were rest … Germany to the rest of the Euro Area and vice versa. This latter finding is confirmed by an impulse-response analysis and by …
Persistent link: https://www.econbiz.de/10010486694
-specific and Europe-wide risk factors. The estimation results indicate a high, time-varying degree of spatial spillovers in the …
Persistent link: https://www.econbiz.de/10010491085
of Euro area banks to the global financial crisis. We focus on their interest rate setting behavior in response to …
Persistent link: https://www.econbiz.de/10010338974