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A new database for financial crises in European countries : ECB/ESRB EU crises database : developed by FSC MPAG and ESRB AWG

Lo Duca, Marco; Koban, Anne; Basten, Marisa; Bengtsson, … - 2017

This paper presents a new database for financial crises in European countries, which serves as an important step towards establishing a common ground for macroprudential oversight and policymaking in the EU. The database focuses on providing precise chronological definitions of crisis periods to...

Persistent link: https://www.econbiz.de/10011698592

Real and financial cycles in EU countries : stylised facts and modelling implications

Rünstler, Gerhard (contributor); … - European System of Central Banks / Working Group on … - 2018

This paper studies the cyclical properties of real GDP, house prices, credit, and nominal liquid financial assets in 17 EU countries, by applying several methods to extract cycles. The estimates confirm earlier findings of large medium-term cycles in credit volumes and house prices. GDP appears...

Persistent link: https://www.econbiz.de/10011779865

Large net foreign liabilities of euro area countries : risks, prospects and policy options

Zorell, Nico - 2017

Over recent years, several euro area countries have registered large and persistent net foreign liabilities. This paper …) programme countries and, to a lesser extent, the euro area countries in central and eastern Europe. The net foreign liabilities … external positions of the euro area debtor countries are relatively low at the current juncture, although the burden could …

Persistent link: https://www.econbiz.de/10011732721

Real convergence, financial markets, and the current account : emerging Europe versus emerging Asia

Herrmann, Sabine; Winkler, Adalbert - 2008

distinct convergence clubs, with the euro area and the United States respectively at their core. In line with the theoretical …

Persistent link: https://www.econbiz.de/10011641238

Stress-testing of liquidity risk in TARGET2

Papsdorf, Patrick (contributor); Arciero, Luca (contributor) - Europäische Zentralbank / Group on TARGET2 Stress Testing - 2017

The paper reports the outcome of the stress-testing of liquidity risk in the TARGET2 payment system, with the study having been conducted by an ad-hoc group composed of operators and overseers of TARGET2. The study aims to assess the resilience of the system, defined as the network of its...