Showing 1 - 10 of 13
We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to opt-in depends on the comparison between the assessment of the banking union attractiveness and the robustness of a national safety net. The benefits of opting-in are still only potential and...
Persistent link: https://www.econbiz.de/10011575977
We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to opt-in depends on the comparison between the assessment of the banking union attractiveness and the robustness of a national safety net. The benefits of opting-in are still only potential and...
Persistent link: https://www.econbiz.de/10011446695
After the dramatic rescue package for the euro area, the governing council of the European Central Bank decided to … assets as collateral and by outright purchases in the central bank balance sheet artificially keeps the asset prices up and …
Persistent link: https://www.econbiz.de/10010208777
their forecasting properties for the policy rates of the European Central Bank. In this respect the basic rules, results …
Persistent link: https://www.econbiz.de/10012063951
their forecasting properties for the policy rates of the European Central Bank. In this respect the basic rules, results …
Persistent link: https://www.econbiz.de/10012034314
We argue that, under certain conditions, firms consider exports as a substitute for domestic demand. Our econometric model for six euro area countries suggests domestic demand and capacity constraints as additional variables for export equations. We apply the exponential and logistic variant of...
Persistent link: https://www.econbiz.de/10011300368
preferences of national central bank presidents, i.e. their desired interest rates. Second, we address the agenda-setting power of …
Persistent link: https://www.econbiz.de/10010208783
"This paper deals with potential instabilities in the Eurozone stemming from an insufficient interplay between monetary policy and reform effort on the one hand and the emergence of intra-Euro area divergences on the other. As a first step, we assess the effect of EMU on structural reform and...
Persistent link: https://www.econbiz.de/10003429626
Persistent link: https://www.econbiz.de/10013439504
The paper examines the bank lending activities of banks in a low interest rate environment. External financing of small …- and medium-sized enterprises in the euro area primarily takes place via bank loans and not through capital markets. Based … on the Bankscope database, bank balance sheet data is utilized. Control variables are included, such as for the system of …
Persistent link: https://www.econbiz.de/10012063954